Dual Relative Strength Flexible

Dual Relative Strength Flexible (RS1 & RS2)

This indicator calculates two Relative Strength (RS) values to compare a stock’s performance over two timeframes against different benchmarks.

Key Features:
RS1: Measures long-term relative strength of the stock versus a primary benchmark index (e.g., NIFTY).

RS2: Measures short-term relative strength which can be customized by the user to compare the stock against a sectoral index, NIFTY 500, NIFTY Total Market, or any other preferred index.

Zero Baseline: Displays neutral performance level for quick interpretation.

Color-coded plots to highlight outperformance (green hues) or underperformance (red hues).

Background shading: Green when both RS1 & RS2 are positive, red when both are negative.

Info Table: Shows current RS1, RS2 values, benchmark names, and their difference in percentage terms.