chARTronics Relative Strength Line
This line measures a stock’s performance versus a benchmark index (commonly NIFTY 500), inspired by William O’Neil’s methodology in How to Make Money in Stocks. When the line rises, the stock is outperforming the market; when it falls, the stock is lagging.
Unlike raw price movement, the Relative Strength Line filters out market noise to reveal true leadership. New highs in this line—especially ahead of price breakouts—often signal institutional accumulation and the emergence of a potential market leader.
Traders use it to:
Identify early strength before price confirms
Validate breakout quality and momentum
Distinguish leaders from laggards in uncertain markets
When the line trends upward while price consolidates, it’s often the quiet clue that a powerful move is building beneath the surface.
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Author's instructions
x.com/goel_siddharth
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact chARTronicsIndia directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
x.com/goel_siddharth