chARTronics Relative Strength Line

一昨日

Relative Strength Line (O’Neil Inspired)

This line measures a stock’s performance versus a benchmark index (commonly NIFTY 500), inspired by William O’Neil’s methodology in How to Make Money in Stocks. When the line rises, the stock is outperforming the market; when it falls, the stock is lagging.

Unlike raw price movement, the Relative Strength Line filters out market noise to reveal true leadership. New highs in this line—especially ahead of price breakouts—often signal institutional accumulation and the emergence of a potential market leader.

Traders use it to:

Identify early strength before price confirms

Validate breakout quality and momentum

Distinguish leaders from laggards in uncertain markets

When the line trends upward while price consolidates, it’s often the quiet clue that a powerful move is building beneath the surface.

昨日

リリースノート

Added horizontal line at 0. for better understanding