PROTECTED SOURCE SCRIPT
Ratio Chart by JoyMukherje
This indicator plots the relative performance of any NSE stock against the NIFTY 50 index in a separate pane below the main chart.
Key Features:
Formula: (Stock Price × 100) / NIFTY 50
20-period moving average for trend identification
Clean, distraction-free display
Real-time ratio tracking
How to Use:
Rising ratio = Stock outperforming NIFTY 50
Falling ratio = Stock underperforming the benchmark
Above MA = Bullish relative strength trend
Below MA = Bearish relative strength trend
Benefits:
✓ Identify stocks showing relative strength vs market
✓ Spot divergences between stock and index movements
✓ Perfect for sector rotation and stock selection strategies
✓ Works on any timeframe
Ideal for traders and investors who want to analyze individual stock performance relative to the broader Indian market benchmark. The 1000x multiplier makes ratio values more readable and easier to interpret.
Usage: Add to any NSE stock chart to see immediate relative strength analysis.
Key Features:
Formula: (Stock Price × 100) / NIFTY 50
20-period moving average for trend identification
Clean, distraction-free display
Real-time ratio tracking
How to Use:
Rising ratio = Stock outperforming NIFTY 50
Falling ratio = Stock underperforming the benchmark
Above MA = Bullish relative strength trend
Below MA = Bearish relative strength trend
Benefits:
✓ Identify stocks showing relative strength vs market
✓ Spot divergences between stock and index movements
✓ Perfect for sector rotation and stock selection strategies
✓ Works on any timeframe
Ideal for traders and investors who want to analyze individual stock performance relative to the broader Indian market benchmark. The 1000x multiplier makes ratio values more readable and easier to interpret.
Usage: Add to any NSE stock chart to see immediate relative strength analysis.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。