What is Relative Strength and how can it be used for trading?
Learn all about this Momentum Indicator: https://t.co/5KcE7kY6cp
#technicalanalysis #trading #rsi
More from StockEdge
StockEdge Presents: Strong RS Stocks With Squeeze Eruption: A Special Combination Scan!
🧵...
This combination scan identifies stocks that are outperforming Benchmark Indices in 1 week as well as 3 months time frame.
It also identities stocks that have consolidated in a narrow range for some time and breaks the zone with a higher trade & delivery quantity.
Some of the scans used in the combination include
-Higher Trade and Delivery Quantity https://t.co/9CiSwEADrF
The second scan used here is Stocks Outperforming Benchmark Index in both 1 week and 3 month: https://t.co/dv9e3KK810
🧵...
This combination scan identifies stocks that are outperforming Benchmark Indices in 1 week as well as 3 months time frame.
It also identities stocks that have consolidated in a narrow range for some time and breaks the zone with a higher trade & delivery quantity.
Some of the scans used in the combination include
-Higher Trade and Delivery Quantity https://t.co/9CiSwEADrF
The second scan used here is Stocks Outperforming Benchmark Index in both 1 week and 3 month: https://t.co/dv9e3KK810
More from Rs
Relative Strength Line by @iArpanK v1.3
https://t.co/3q9UOn5GF7
This update enables adding a Moving Average to the indicator, as requested by several users.
Indicator settings (ADVANCED section)
- Toggle moving average on/off using the checkbox
- Change indicator type (Simple/Exponential/Weighted)
- Change indicator period
Project (now open source) : https://t.co/xHpPUU4ZdN
Change indicator pane : https://t.co/u0BqraiFce
All users are requested to remove and add the indicator again to their chart, in order to utilise the new v1.3.
Thanks!
https://t.co/3q9UOn5GF7
This update enables adding a Moving Average to the indicator, as requested by several users.
Indicator settings (ADVANCED section)
- Toggle moving average on/off using the checkbox
- Change indicator type (Simple/Exponential/Weighted)
- Change indicator period
Project (now open source) : https://t.co/xHpPUU4ZdN
Change indicator pane : https://t.co/u0BqraiFce
All users are requested to remove and add the indicator again to their chart, in order to utilise the new v1.3.
Thanks!
#RS is an indicator which helps in finding strong stock or index in the market.
This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙚𝙡𝙖𝙩𝙞𝙫𝙚 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝"
Shared some strategy.
Like👍 & Retweet🔄for wider reach and for more such learning thread in the future.
1/22
Most of us would confuse it with Relative Strength Index (RSI) but Relative Strength is a different indicator.
We have already covered about "Uses of RSI" in below thread👇
https://t.co/oTOrW7joNI
One can go through this if you haven't.
2/22
Now coming to Relative Strength (RS).
It is basically a strategy used in momentum investing which shows strength or weakness between two asset classes (two stocks, index, commodity).
One can read about this in below
As of now, I am using this indicator on .@tradingview platform.
It's free and one can add it in their Tradingview account as well, using this link👇
https://t.co/FxCjJFsNOG
There are multiple variants in this as well. Some traders use multiple time frame RS.
4/22
RS basically compares returns of one stock/index with the returns of benchmark stock/index at a particular time horizon.
Let's say, I want to analyze TCS and Benchmark Index is Nifty.
5/22
This learning thread would be on
"𝙐𝙨𝙚𝙨 𝙤𝙛 𝙍𝙚𝙡𝙖𝙩𝙞𝙫𝙚 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝"
Shared some strategy.
Like👍 & Retweet🔄for wider reach and for more such learning thread in the future.
1/22
Most of us would confuse it with Relative Strength Index (RSI) but Relative Strength is a different indicator.
We have already covered about "Uses of RSI" in below thread👇
https://t.co/oTOrW7joNI
One can go through this if you haven't.
2/22
#RSI is a common indicator which most of us use in the stock market.
— Yash Mehta (@YMehta_) October 22, 2021
This learning thread would be on
"\U0001d650\U0001d668\U0001d65a\U0001d668 \U0001d664\U0001d65b \U0001d64d\U0001d64e\U0001d644"
Like\U0001f44d & Retweet\U0001f504 for wider reach and for more such learning thread in the future.
Also, an investment strategy is shared using RSI in the end.
1/16
Now coming to Relative Strength (RS).
It is basically a strategy used in momentum investing which shows strength or weakness between two asset classes (two stocks, index, commodity).
One can read about this in below
As of now, I am using this indicator on .@tradingview platform.
It's free and one can add it in their Tradingview account as well, using this link👇
https://t.co/FxCjJFsNOG
There are multiple variants in this as well. Some traders use multiple time frame RS.
4/22
RS basically compares returns of one stock/index with the returns of benchmark stock/index at a particular time horizon.
Let's say, I want to analyze TCS and Benchmark Index is Nifty.
5/22
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Read this thread to the end...I just had an epiphany and my mind is blown. Actually, more than blown. More like OBLITERATED! This is the thing! This is the thing that will blow the entire thing out of the water!
Has this man been concealing his true identity?
Is this man a supposed 'dead' Seal Team Six soldier?
Witness protection to be kept safe until the right moment when all will be revealed?!
Who ELSE is alive that may have faked their death/gone into witness protection?
Were "golden tickets" inside the envelopes??
Are these "golden tickets" going to lead to their ultimate undoing?
Review crumbs on the board re: 'gold'.
#SEALTeam6 Trump re-tweeted this.
I might have a panic attack due to excitement!!
Read this thread to the end...I just had an epiphany and my mind is blown. Actually, more than blown. More like OBLITERATED! This is the thing! This is the thing that will blow the entire thing out of the water!
Tik Tok pic.twitter.com/8X3oMxvncP
— Scotty Mar10 (@Allenma15086871) December 29, 2020
Has this man been concealing his true identity?
Is this man a supposed 'dead' Seal Team Six soldier?
Witness protection to be kept safe until the right moment when all will be revealed?!
Who ELSE is alive that may have faked their death/gone into witness protection?
Were "golden tickets" inside the envelopes??
Are these "golden tickets" going to lead to their ultimate undoing?
Review crumbs on the board re: 'gold'.
#SEALTeam6 Trump re-tweeted this.