63-Day Sector Relative Strength vs NIFTY

13 sept.

This script calculates and displays the 63-day returns of major NSE sectoral indices and their relative strength versus the NIFTY 50.
It,

• [computes 63-day price returns for each sector index]
  [calculates the relative performance of each sector against the Nifty 50]
  [displays results in a table at the top right corner of the chart]
  [highlights positive vs negative relative strength for quick comparision]
  

Covered Indices: CNXIT, CNXAUTO, CNXFMCG, CNXPHARMA, CNXENERGY, CNXMETAL, CNXPSUBANK, CNXINFRA, CNXREALTY, CNXFINANCE, CNXMEDIA, BANKNIFTY, CNXCONSUMPTION, CNXCOMMODITIES

How to use this: Quickly identify which sectors are outperforming or underperforming relative to the NIFTY over the past 63 trading sessions (approx. 3 months).

13 sept.

Notes de version

This script calculates and displays the 63-day returns of major NSE sectoral indices and their relative strength versus the NIFTY 50.
It,

• Computes 63-day price returns for each sector index.
  
• Calculates the relative performance of each sector against the NIFTY 50.
  
• Displays results in a neat table at the top-right corner of the chart.
  
• Highlights positive vs negative relative strength for quick comparison.
  

Covered Indices: CNXIT, CNXAUTO, CNXFMCG, CNXPHARMA, CNXENERGY, CNXMETAL, CNXPSUBANK, CNXINFRA, CNXREALTY, CNXFINANCE, CNXMEDIA, BANKNIFTY, CNXCONSUMPTION, CNXCOMMODITIES

Useful to quickly identify which sectors are outperforming or underperforming relative to the broader market (i.e. NIFTY) over the past 63 trading sessions (approx. 3 months). Useful for sector rotation analysis, relative momentum analysis and macro market views