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quantanna

QuantAnna: Relative Strength Plus (RS+)

quantanna  
Trend Analysis Relative Strength Comparison
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trendanalysis relativestrengthcomparison
TATAMOTORS

Relative strength indicator which shows ratio between two stocks/assets .. usually between stock & its indices

features of indicator is as following.

1. Values oscillates around zero, it is bullish when above zero & bearish when below zero.
1. Weighted smoothing which removes unwanted whipsaws but keeps trend curve intact.
3. In-Built list of Nifty sector indices to show stocks comparison with its sector

please do send your feedback and suggestions.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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