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Dhrumil Dhameliya

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Recent Best Controversial

    System Builder => Relative Strength of a stock against Nifty 50 is not available in Indicator listing
  • D Dhrumil Dhameliya

    @Prashant-Shah @Raju-Ranjan @Krishna-Kumar @AP @Kaushik-Akiwatkar @Prasiddh-Shroff
    Hello, I hope you all are doing well. I want to build a system based on both OHLC or PNF charts, focusing on the relative strength of a stock against Nifty 50. However, when I opened the system builder and tried to find 'Relative Strength' in the indicators list, I could not locate it. I am attempting to replicate the Turtle Quants system discussed in this video [Turtle Quants Investing/Trading] (https://www.youtube.com/watch?v=JD_wSkgcXxs), which incorporates Relative Strength, RSI, ADX, DMI+, Moving Average, and Volume. Relative Strength is the only missing indicator, preventing me from constructing the system for both OHLC and PNF charts. If you want to learn more about this system, please watch the video from the link I shared above.

    The creator of this system has developed an indicator for it, known as 'TurtleQuants: Relative Strength.' I would greatly appreciate it if someone from @Definedge @@Definedge-Experts team could guide me on how to create this system either for OHLC or PNF charts on RZone, or if they can inform me where I can find the Relative Strength of a stock relative to Nifty 50. I would then try to design this system by myself.


  • How to find stocks that have outperformed the Nifty 50 since a specific date?
  • D Dhrumil Dhameliya

    Hello @Prashant-Shah @Krishna-Kumar @Kaushik-Akiwatkar @Prasiddh-Shroff @Raju-Ranjan @Definedge @Definedge , I hope you are all doing well.

    How to determine which stocks have outperformed the Nifty 50 since a specific date. The reason for this inquiry is my desire to identify stocks that have performed better since the Nifty 50 began its correction on September 15th.

    I attempted to use RS Scanners, but it appears that most of these scanners are designed for PNF charts. For the OHLC RS Scanner in RZone, it requires a look-back period instead of allowing users to input a specific date. It would be highly beneficial for RZone users who are utilizing the OHLC RS Scanner if they could specify a particular date and find potential candidates since the entered date, rather than relying on a look-back period.

    In short, if we are reviewing the Nifty 50 chart at any given time and we conclude that the market is undergoing a correction, and someone wishes to identify stocks that have performed well since the correction began on a particular date, how can one locate these stocks using the OHLC RS Scanner or any other RS Scanners available on RZone? Thank you.

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