Call Put Relative Strength

Call–Put Relative Strength compares the premium movement of a selected Call Option (CE) against a selected Put Option (PE) to reveal the underlying market’s bullish strength.

It calculates a clean ratio:
RS = CE / PE – 1
When Calls are gaining strength faster than Puts, the RS turns positive — signaling bullish momentum.

A smoothing moving average adds clarity and filters intraday noise.
This is a powerful tool for intraday traders who want to quickly identify whether buyers or sellers are dominating the market.

How to Use

1) Select CE and PE Symbols
Open indicator settings → manually enter:
Call Option (CE)
Put Option (PE)
Use same strike + same expiry.

2) Interpret RS
RS > 0 (Green) → Calls stronger → Bullish bias
RS < 0 (Red) → Puts stronger → Bearish bias

3) Use RS MA for Trend Confirmation
RS MA rising (Green) → Strength increasing
RS MA falling (Red) → Strength weakening
RS MA flat (Gray) → Market neutral

4) Best Use Cases
Intraday trend confirmation
Scalping CE trades
Avoiding false long entries
Tracking CE/PE rotation strength

Works best on 1m–10m charts