IBD Relative Strength + Linear Regression — Indicator by kruskakli

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This is a slight extension to the excellent script by: jamiespips

It shows the Relative Strength of a Stock compared to a suitable Index.

My extension consists of:

- A selection of comparative indices.
- A short EMA-3 to the RS-curve to smooth it out.
- A linear regression trend line to the last part of the RS-curve.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Hi, I am trading in India. While searching RS indicator I find this indicator. But I can not compare stocks or Indices with our NSE India ( Nifty 50 ) Index.
As there no index mentioned in your indicator setting. Can you add Nifty 50 index into your indicator settings? So that Indian Traders Community can use this indicator.
If you add Nifty 50 Index into Indicator, please drop me a notification on Trading View.
Thank you.

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