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.
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.
Raju KMS Datla