Divides company with Index

11月23日

Overview:

This indicator simplifies the comparison of a stock's performance against a specified index, such as the Nifty 50. By calculating and plotting the ratio between the two, it provides a clear visual representation of relative strength.

Key Features:
-Direct Comparison: Easily compare any stock against a selected index.
-Customizable Index: Choose from a dropdown menu or input a custom index symbol.
-Visual Clarity: Maximizing the chart provides a clear view of the relative performance.
-SMA Overlay: Add a Simple Moving Average (SMA) to identify trends and potential entry/exit
points.
-Customizable Appearance: Adjust background color, text color, and label size for personalized
visualization.

How to Use:
Add the Indicator: Add the indicator to your chart.
Select the Index: Choose the desired index from the dropdown menu or input a custom symbol.
Analyze the Ratio:
-A rising ratio indicates the stock is outperforming the index.
-A falling ratio suggests underperformance.
-The SMA can help identify potential trends and momentum.
Customize the Appearance: Adjust the background color, text color, and label size to suit your preferences.

Benefits:
-Improved Decision Making: Gain insights into a stock's relative strength.
-Faster Analysis: Quickly compare multiple stocks against a benchmark index.
-Enhanced Visualization: Customize the chart for better understanding.
-By leveraging this indicator, you can make informed trading decisions and gain a deeper
understanding of market dynamics.

11月26日

版本注释

Updated chart.
Overview:

This indicator simplifies the comparison of a stock's performance against a specified index, such as the Nifty50. By calculating and plotting the ratio between the two, it provides a clear visual representation of relative strength.

Key Features:

-Direct Comparison: Easily compare any stock against a selected index.
-Customizable Index: Choose from a dropdown menu or input a custom index symbol.
-Visual Clarity: Maximizing the chart provides a clear view of the relative performance.
-SMA Overlay: Add a Simple Moving Average (SMA)
-Customizable Appearance: Adjust background color, text color, and label size for personalized
visualization.

How to Use:
Add the Indicator: Add the indicator to your chart.
Select the Index: Choose the desired index from the dropdown menu or input a custom symbol.
Analyze the Ratio: A rising ratio indicates the stock is outperforming the index.
A falling ratio suggests underperformance.
The SMA can help identify potential trends and momentum.
Customize the Appearance: Adjust the background color, text color, and label size to suit your
preferences.

Benefits:
-Improved Decision Making: Gain insights into a stock's relative strength.
-Faster Analysis: Quickly compare multiple stocks against a benchmark index.
-Enhanced Visualization: Customize the chart for better understanding.
-By leveraging this indicator, you can make informed trading decisions and gain a deeper
understanding of market dynamics.

11月28日

版本注释

Overview:

This indicator simplifies the comparison of a stock's performance against a specified index, such as the Nifty 50. By calculating and plotting the ratio between the two, it provides a clear visual representation of relative strength.

Key Features:
-Direct Comparison: Easily compare any stock against a selected index.
-Customizable Index: Choose from a dropdown menu or input a custom index symbol.
-Visual Clarity: Maximizing the chart provides a clear view of the relative performance.
-SMA Overlay: Add a Simple Moving Average (SMA) to identify trends and potential entry/exit
points.
-Customizable Appearance: Adjust background color, text color, and label size for personalized
visualization.

How to Use:
Add the Indicator: Add the indicator to your chart.
Select the Index: Choose the desired index from the dropdown menu or input a custom symbol.
Analyze the Ratio:
-A rising ratio indicates the stock is outperforming the index.
-A falling ratio suggests underperformance.
-The SMA can help identify potential trends and momentum.
Customize the Appearance: Adjust the background color, text color, and label size to suit your preferences.

Benefits:
-Improved Decision Making: Gain insights into a stock's relative strength.
-Faster Analysis: Quickly compare multiple stocks against a benchmark index.
-Enhanced Visualization: Customize the chart for better understanding.
-By leveraging this indicator, you can make informed trading decisions and gain a deeper
understanding of market dynamics.
2 days ago
Release Notes
Updated chart.
Overview:

This indicator simplifies the comparison of a stock's performance against a specified index, such as the Nifty50. By calculating and plotting the ratio between the two, it provides a clear visual representation of relative strength.

Key Features:

-Direct Comparison: Easily compare any stock against a selected index.
-Customizable Index: Choose from a dropdown menu or input a custom index symbol.
-Visual Clarity: Maximizing the chart provides a clear view of the relative performance.
-SMA Overlay: Add a Simple Moving Average (SMA)
-Customizable Appearance: Adjust background color, text color, and label size for personalized
visualization.

How to Use:
Add the Indicator: Add the indicator to your chart.
Select the Index: Choose the desired index from the dropdown menu or input a custom symbol.
Analyze the Ratio: A rising ratio indicates the stock is outperforming the index.
A falling ratio suggests underperformance.
The SMA can help identify potential trends and momentum.
Customize the Appearance: Adjust the background color, text color, and label size to suit your
preferences.

Benefits:
-Improved Decision Making: Gain insights into a stock's relative strength.
-Faster Analysis: Quickly compare multiple stocks against a benchmark index.
-Enhanced Visualization: Customize the chart for better understanding.
-By leveraging this indicator, you can make informed trading decisions and gain a deeper
understanding of market dynamics.

11月28日

版本注释

updated - few changes.

1 - name will come at middle instead of top so that it is easy and wont disturb.

2 - can add custom symbol for denominator if you want.

12月3日

版本注释

Key Improvement:

The updated indicator now allows you to manually input a custom symbol for the first symbol, providing greater flexibility and precision in your analysis. This is particularly useful when dealing with symbols that might have the same name but belong to different countries or exchanges.

How to Use:

Input the Custom Symbol:
In the indicator's settings, you'll find an input field labeled "Custom Symbol."
Manually enter the desired symbol (e.g., NSE:APS) if you want to override the default symbol.

Select the Second Symbol:
Choose the second symbol (e.g., an index like "Nifty") from the dropdown menu.

Analyze the Ratio:
*The indicator will calculate and plot the ratio between the two symbols on the chart.
You can customize the chart's appearance and add technical indicators as needed.

Benefits of the Custom Symbol Feature:
*Precision: Ensures accurate calculations and analysis, especially for symbols with the same name but different exchanges.
*Flexibility: Allows you to compare any two symbols, regardless of their default settings.
*Enhanced Insights: Gain deeper insights into the relative performance of specific symbols.
By utilizing this feature, you can tailor the indicator to your specific needs and conduct more precise analysis.