Relative Strength Improved (Premal Parekh ASR Version) — Indicator by ashxos

relativestrengthindex relativestrengthcomparison relative strength adaptive premalparekh

This script is improved over the existing script developed by Mr. modhelius

I have added ASR Concept of Mr. Premal Parekh.
This script will remove manual calculation of Trading Days from ASR Date.

Release Notes:

Corrected the days calculation for the ASR Date according to Trading Sessions

Release Notes:

Corrected the Shortform of ARS

Release Notes:

Corrected the script.

Release Notes:

Updated colors for better visibility

Release Notes:

Added SRS in the same Indicator.

Release Notes:

Updated ARS Date to 3rd August 2021

Release Notes:

Updated script with New ARS Date (1st Dec 2022) published by Premal Parekh Sir.

Release Notes:

New ARS date.
16th Feb 2023

Sorry for late update.

Release Notes:

Added feature to update SRS Period

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.

Want to use this script on a chart?