Digital Nivesh: Relative Strength

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 :)

Versionsinformation:

It works good with NIFTY 50 Stocks

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As of now it will only work for NIFTY 50 Stocks..

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Re added the ability to modify the second security.

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Added protective channel

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channel shaded

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update

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remove update

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update

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Changed for White theme

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test

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Color coding for channel,
if color changes to green, expect a good move in any direction(Testing only)
Works only for nifty

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update: beta

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update:
Background color for accumulation distribution

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Update: BgColor only for accumulation and distribution. This is only for testing purpose, please don't use it for decision making.

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update:
Added flag to display Accumulation and Distribution on Demand

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Update:
updated color

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Update:
Added capability for bg opacity

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Update:
Updated Lablel Text