OPEN-SOURCE SCRIPT

Jigga - Relative Strength - Sectors

Hi All !!

I came across relative strength concept from below indicator.
Indicator Name: (Relative-Strength by modhelius)
Note: Sorry !! Could not add indicator url here.

Formula:
RelativeStrength = (sectorValue / sectorValue[length]) / (indexValue / indexValue[length]) - 1 * 100

I used same concept and combine all sector's relative strength against Nifty50 index.

How to use:
You can change length based on your convenience and show/hide sectors.
Indicator will show strength line for that sector.
you can use this to identify momentum stocks.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.