IBD Relative Strength + Linear Regression — Indicator by kruskakli

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.

Release Notes:

Adding the India indices: NIFTY and CNX500.

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.

Disclaimer

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