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.