Relative strength of a stock against the sugar index (Top 18)This indicator can be used for sugar stocks to compare their relative strength with that of their respective industry. It can also be used to gauge the momentum in sugar stocks against the other indexes like Nifty, Bank Nifty, CNXIT, CNXAUTO and check which index is outperforming the other.
Made with reference to the index published by Stef @Scheplick
Indianstocks
BANK NIFTY Constituents Technical Rating [tanayroy]Banknifty comprises 12 companies listed on the National Stock Exchange of India (NSE). Movement of Banknifty depends on these stocks. The script depicts Technical rating and price change stats of Banknifty constituents.
I have calculated the weight factor using annual floating stock stats available in Tradingview. So, it may differ considerably from the actual weight. It is just for reference.
I have found this useful in my trading.
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Simple Moving Average 20,50,100This SMA Script is modified and is based on 3 bands which are of 20 days, 50 days, 100 days average line.
This is a very appropriate for Indian Markets.
**How to Use :**
***BUY***
When the chart pattern is as follows :-
- SMA 200 (Black)
- SMA 50 (Red)
- SMA 20 (Green)
- "Last Traded Price"
***SELL***
When the chart pattern is as follows :-
- "Last Traded Price"
- SMA 20 (Green)
- SMA 50 (Red)
- SMA 200 (Black)
And Book Good Profits!!!
