This is a slight extension to the excellent script by: jamiespips
It shows the Relative Strength of a Stock compared to a suitable Index.
My extension consists of:
- A selection of comparative indices. - A short EMA-3 to the RS-curve to smooth it out. - A linear regression trend line to the last part of the RS-curve.
Hi, I am trading in India. While searching RS indicator I find this indicator. But I can not compare stocks or Indices with our NSE India ( Nifty 50 ) Index.
As there no index mentioned in your indicator setting. Can you add Nifty 50 index into your indicator settings? So that Indian Traders Community can use this indicator.
If you add Nifty 50 Index into Indicator, please drop me a notification on Trading View.
Thank you.
GrowthTrader
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Correct me if I'm wrong but I think the IBD RS Rating uses the S&P 500 as basis not the Nasdaq 100. Thank you
soniiiachopra01
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Thank you for making such a wonderful script!! Very useful
As there no index mentioned in your indicator setting. Can you add Nifty 50 index into your indicator settings? So that Indian Traders Community can use this indicator.
If you add Nifty 50 Index into Indicator, please drop me a notification on Trading View.
Thank you.