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jigneshjc
Nov 8, 2021 2:05 PM

Jigga - Relative Strength - Sectors 

Nifty 50 IndexNSE

Description

Hi All !!

I came across relative strength concept from below indicator.
Indicator Name: (Relative-Strength by modhelius)
Note: Sorry !! Could not add indicator url here.

Formula:
RelativeStrength = (sectorValue / sectorValue[length]) / (indexValue / indexValue[length]) - 1 * 100

I used same concept and combine all sector's relative strength against Nifty50 index.

How to use:
You can change length based on your convenience and show/hide sectors.
Indicator will show strength line for that sector.
you can use this to identify momentum stocks.
Comments
nikhilgalani03092
Too good.
BitBoticz
great work
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