SR Relative Strength

This is a relative strength model for Indian Stock Markets where in the price of the stock in the current scenario is compared with the benchmark indices ( NIFTY / BANKNIFTY) over a period of 55 days ( by default).

This indicator also has RSI and Supertrend built-in by default. Hence this indicator can be used in place of 3 indicators.

How to use?

1. When the background is blue, it means that the stock is relatively strong as compared to the bench mark indices over a period of 55 days and the RSI is > 50

When both RS > 0 & RSI > 50 the background will be blue. If either or is true it won't turn blue.

2. Superternd by default setting is 10,3 which can be changed as per one's requirement.

Thanks!!

Release Notes

Added Palette to choose background color and increased opacity by 5%

Release Notes

Added alert feature for background color.

If alert is set on RS Buy then as soon as the background goes blue the alert will be triggered and vice-versa.

Release Notes

Added 2 EMA's 21 & 55 EMA's to the indicator.

Release Notes

Show and Hide toggle added for EMA

Release Notes

Now you can change moving average color as per you desire.

Release Notes

SR Relative Strength - 🚨UPDATE 🚨

New Features being rolled out -

Code updated to version 5 of pinescript

Multi time frame RSI in one table with overbought and oversold conditions

52Week High/Low table with real-time calculations

Release Notes

Bug Fixes

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

sauravraj3sinha

Also on:

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

sauravraj3sinha

Also on: