OPEN-SOURCE SCRIPT
Spread Between Stock and NIFTY500
This indicator gives the relative performance or spread between the security, defaulted to the selected one for the price chart, and the broader Indian Nifty CNX500 index.
If the Relative Performance indicator is rising that means the selected security is outperforming the CNX500 index, and vice versa if the indicator is falling.
If the Relative Performance indicator is rising that means the selected security is outperforming the CNX500 index, and vice versa if the indicator is falling.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Raju KMS Datla
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Raju KMS Datla
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.