PROTECTED SOURCE SCRIPT
Digital Nivesh: Relative Strength
Updated
Relative Strength:
Description:
Strength Indicator is strength wrt other security.
How to USE:
After applying indicator , you can specify with which security you want to compare for eg: default is set to NSE:NIFTY
you can change to anything such as APPL,SPX,HDFC etc..
Apart from Relative Strength , I have added some colour codes to the ratio line in order to identify buy , sell exit.
How To Use:
BUY:
Entry: Buy when line is green and above white line
Exit:
Safe Traders: Exit When colour of line changes to yellow or red or line crosses below white.
Aggressive Traders: Exit When colour of line changes to red or crosses below white.
Sell:
Vice Versa of Buy
Any Comments or Suggestions are most welcome :)
Description:
Strength Indicator is strength wrt other security.
How to USE:
After applying indicator , you can specify with which security you want to compare for eg: default is set to NSE:NIFTY
you can change to anything such as APPL,SPX,HDFC etc..
Apart from Relative Strength , I have added some colour codes to the ratio line in order to identify buy , sell exit.
How To Use:
BUY:
Entry: Buy when line is green and above white line
Exit:
Safe Traders: Exit When colour of line changes to yellow or red or line crosses below white.
Aggressive Traders: Exit When colour of line changes to red or crosses below white.
Sell:
Vice Versa of Buy
Any Comments or Suggestions are most welcome :)
Release Notes
It works good with NIFTY 50 StocksRelease Notes
As of now it will only work for NIFTY 50 Stocks..Release Notes
Re added the ability to modify the second security.Release Notes
Added protective channelRelease Notes
channel shadedRelease Notes
updateRelease Notes
remove updateRelease Notes
updateRelease Notes
Changed for White themeRelease Notes
testRelease Notes
Color coding for channel,if color changes to green, expect a good move in any direction(Testing only)
Works only for nifty
Release Notes
update: betaRelease Notes
update:Background color for accumulation distribution
Release Notes
Update: BgColor only for accumulation and distribution. This is only for testing purpose, please don't use it for decision making.Release Notes
update:Added flag to display Accumulation and Distribution on Demand
Release Notes
Update:updated color
Release Notes
Update:Added capability for bg opacity
Release Notes
Update:Updated Lablel Text
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