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Relative Strength Line by Quantx
The Relative Strength Line compares the price performance of a stock against a benchmark index (e.g., NIFTY, S&P 500, Bank Nifty, etc.).
It does not indicate momentum of the stock itself — it indicates whether the stock is outperforming or underperforming the market.
🔍 How To Read It
RSL Behavior Meaning
RSL moving up Stock is outperforming the benchmark (strong leadership)
RSL moving down Stock is underperforming the benchmark (weakness vs market)
RSL breaking above previous highs Strong institutional demand, leadership candidate
RSL trending sideways Stock is performing similar to the index (no leadership)
📈 Why It Matters
Institutional traders and top-performing strategies focus on stocks showing relative strength BEFORE price breakout.
A stock making new RSL highs even before a price breakout often becomes a top performer in the coming trend.
🧠 Core Trading Edge
You don’t need to predict the market.
Just identify which stocks are being accumulated and leading the market right now — that’s what the Relative Strength Line reveals.
It does not indicate momentum of the stock itself — it indicates whether the stock is outperforming or underperforming the market.
🔍 How To Read It
RSL Behavior Meaning
RSL moving up Stock is outperforming the benchmark (strong leadership)
RSL moving down Stock is underperforming the benchmark (weakness vs market)
RSL breaking above previous highs Strong institutional demand, leadership candidate
RSL trending sideways Stock is performing similar to the index (no leadership)
📈 Why It Matters
Institutional traders and top-performing strategies focus on stocks showing relative strength BEFORE price breakout.
A stock making new RSL highs even before a price breakout often becomes a top performer in the coming trend.
🧠 Core Trading Edge
You don’t need to predict the market.
Just identify which stocks are being accumulated and leading the market right now — that’s what the Relative Strength Line reveals.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.