IT-Dual Relative Strength

One can use this indicator to compare two security i.e. (Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default).
> 0 outperforming
< 0 underperforming

Works best for Daily TF, but can be applied to Weekly and monthly charts .
Can be use on smaller time frame as well, as per the number of hour you want to calculate.
Apply it to Nifty 50 , industry index, sector index or other security in similar sector

I have Added the Box table as well which shows the performance agents Nifty and selected sector.

Informacje o Wersji

This is the upgraded version for IT-Dual Relative Strength with same name but V2.0

One can use this indicator to compare two security i.e. ( Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default).
> 0 outperforming
< 0 underperforming

Works best for Daily TF, but can be applied to Weekly and monthly charts .
Can be use on smaller time frame as well, as per the number of hour you want to calculate.
Apply it to Nifty 50 , industry index, sector index or other security in similar sector

I have Added the Box table as well which shows the performance agents Nifty and selected sector.

Release Notes:
Added toggle color option on crossovers
Fixed bug on label display, even when plot option was disabled

Informacje o Wersji

In addition to the existing RS behavior, it is now possible to superimpose price-action behavior on the RS line.
As per existing RS, RS above zero indicates outperformance/strength over the selected benchmark and RS below zero indicates underperformance/weakness over the selected benchmark for the selected period.

Added length of SMA/EMA for RS is 9

Skrypt open-source

W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.

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Skrypt open-source

qureshimehboob