Spread Between Stock and NIFTY500

This indicator gives the relative performance or spread between the security, defaulted to the selected one for the price chart, and the broader Indian Nifty CNX500 index.
If the Relative Performance indicator is rising that means the selected security is outperforming the CNX500 index, and vice versa if the indicator is falling.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
Raju KMS Datla


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