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Hi vikas , You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(150) plot(sma(as/bs, len), color=navy)
Goodness. Your video on this is so crisp. You seem to have captured the essence visually with better charts than what Stan could during his time. Fitting tribute. Thank you.
Bhai , accept my gratitude from bottom of my heart , based on your video I come across Stan Weinstein's book and read it thouroughly , I am working master this state analysis. Really great work you are doing , kudo to you and your team
THANK YOU. GREAT AND SIMPLE METHOD. YOUR EXPLANATION IS SO CLEAR THAT ALL DOUBTS ARE ANSWERED BY YOU. YOU HAVE SPENT SO MUCH OF YOUR TIME AND RESOURCE TO CREATE WEALTH FOR OTHERS. I BOW TO YOUR SELFLESS SERVICE TO THIS TRADE. GOD BLESS YOU AND YOUR FAMILY. THANK YOU ONCE AGAIN.
I was in desperate need of a mentor and after much time spending here and there was about to lose almost 40k trying to take up a course. Somehow by god's grace landed up in one of your videos and from that time onwards my whole mindset is changed. I hope for the very best of you as you are doing a great god's work with so simplicity. Loved all your videos and hoping to be a lifelong follower 🙏🙏🙏
Sir, This video is well informative and an eye opener, Thank You so much for being so humble and keep sharing your valuable experience without expecting any benefit.
Hi Sir...It is always a great pleasure to watch your videos...and also would never be interested in fast forwarding your videos like I do for other videos untill I see the complete video...Thanks for all the hard work that you do to teach us... Doubt- Can we use this Stan Weinstein on 60min time frame or less than that.Please let me know which is the min time frame that can be used... Thanks in advance..
Sir RS indicator for Auto stock should border marker should change to. Nifty auto index, IT stock need to watch Nifty IT index. Or all stock default nifty 50,or 500 . ? pls guide me sir
Good evening, I have 2 questions please, are you talking about 150 EMA or 150 MA ? and what's your time frame ? weekly or Monthly ? I mean before shorting, the stock must be below 150 in weekly or monthly period ? Thank you for your answer
Sir, i m your fan, following all your videos for the wonderful stuff nowhere available in RUclips. To work on Weinstein method can i short sell a stock and hold for longer period? Like when we buy. (For more than one day). Itrade in zarodha. Pl clarify.
Beautiful n simple way of explanation 👏👌 just a small query... to chck the crossover of 150MA either for long or short is their any scanner available...? And i have just cross check the Index heavyweights by applying this method which work phenomenal but i think it's work very well in postional instant of Intra.... Thank u !
for indian stocks which index should be consider apart from nifty ? what if it is bse stock then which index should be consider ? can we take sensex for rs ?
Good one as always. Can you do a video on identifying Buying zones and selling zones and how handle contra zones on diff Tfs. Thanks a ton for all the information / knowledge you give out selflessly.
First and foremost - Thank you so much sir from the bottom of my heart for this projection! We really got to appreciate the effort and patience he has taken to explain this very important concept of trading, very importantly he demonstrated the synopsis of Stan Weinstein trading methodologies in an 18-minute video. Awesome presentation and voice!! Great work. P.S- Please let me know how and where to identify the broader market index trend?
Thanks so much Senthilkumar for your kind words. I truly appreciate it. For broader market trend, use same principles discussed in the video. This will suffice.
Great Video, really grateful to you for these teachings. for stock to sector, if we see NSE website, they have already kept a stock within a index, so for example Maruti comes under Auto, Bajaj finance under fin service, so for relative strength will that be the right approach to compare stock against sectors or we should always do against CNX 500?
Hi sir Thanks for the video and for explanation. While going through the Relative strength comparision I found some doubts about midcap stocks. Whether we need to compare the stocks with RSI of nifty midcap index or nifty 50. Because we had seen in July and August midcap index sold off But nifty 50 stands very strong in the index.
For tata motors which sector index should we use to plot RS indicator. Tata motors share price movement has been in continuous downtrend even though the nifty was scaling to 12000.
Thanks for your comment. For Tata Motors, analyze RS with respect to Auto Index and Nifty 500 Index. When you plot it, you will find Tata M has consistently under performed.
Hi, thanks again for the education, please show me your previous video or any video about relative strength , esp when i try to backtest this method, do you have the code for trading view for relative strength ? , if I trade ES and NQ futures, crude oil futures, how to plot the relative strength indicator ? Thanks
Thanks for your comment WO Cheung In case you want to learn about RS, watch these three video links I have posted below. Part 1 - ruclips.net/video/RVbze1duD-U/видео.html Part 2 - ruclips.net/video/BxY2ofigO8I/видео.html Part 3 - ruclips.net/video/488FDla8kuc/видео.html
Hi WO Cheung, You Can view RS (Relative Strength) on Trading View Dot Com. For Stocks in U.S. market, you can use the code below. RS will be plotted against SPX. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("SPX", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(150) plot(sma(as/bs, len), color=navy)
@@TradeWithTrend Sure. Right now i am subscribed to icicidirect zerodha and upstox.. Zerodha gives shivers some days.. Not using upstox fully yet.. Hows int compared to others in terms of brokerage uptime and other support.. Looks like its quite new
Hi Sir. RS indicator can we use for 60 min. If then example. Tatamotar, Maruthi. Icicbank. Tcs, infy. Are different sector which RS indicator need to Border market are should be same sir? What is the length parameters like. 50 Pls guide me sir. It will help. Thank you I waiting for your valuable tply
@@TradeWithTrend Than you sir, RS indicator Broder market Auto stock we need to change Auto index? IT stock we modify to IT index ? Default should be Nifty 50.or Nifty 500 Or ? Pls I was struck here sir. Plz guide me Sir
One more master stroke.. sir thank you so much for being such great altruistic.. 🙏☺️ One point I want to make you notice from my side. I rigorously following your videos since long.. manytimes I wrote down conditions/rules shared by you in the video . Watched same videos countless time . But somehow i end up forgetting concepts . I really not able to remember things taught by you.. request you to kindly let us know how to implement the same.. and sir . Seriously I am doing practice. But still sometimes not able to connect the concepts ..
@@TradeWithTrend thank you sir for suggestion... But will you please through some light on "trading plan as in??" I mean I know literal meaning of that.. what else needs to be taken care of???
Sir, What is the period for which we will have to evaluate to check whether a stock is out performing or under performing the index? Thank you for this brilliant video. Regards, Mukunda.
@@TradeWithTrend Say the stock is RIL why do a RS against nifty 500? For a moment ASSUME nifty is out performing RIL then we don't get the desired result no? Please explain the rational for choosing another index when the stock in consideration has a bench mark index. Thanks.
@Trade With Trend Apologies, Sir. Probably, I wasn't clear in the earlier question. On the tradingview website, the RS indicator asks for 2 inputs. 1. Comparative Symbol, which in our case is Nifty 500 and 2. The length of the period on which the RS has to be calculated. I was referring to the second input. By default, it takes 50 periods for RS studies. Thanks and Regards, Mukunda.
Amazing Video Sir. While trading currency pairs like EURJPY, EURGBP, AUDUSD, which index should we plot in RS? I tried to plot US Dollar Index and for GBPUSD, Candlestick and 150 MA plot is showing same as RS plot.
Hi Bro.. Good morning 👍 1. I have a question.. Do I have to plot NIFTY500 if the stock I am analyzing is not in NIFTY50, eg, Astrazenca. 2. I was just thinking which index to use for commodity and you said it. I never knew it. Can you tell where to get the CRB index data for amibroker? 3. Is this stage analysis applicable for intraday?
Answered below. 1) Yes you can use Nifty 500. Its a broad index and reflects trend well. 2) Stage Analysis is applicable in all forms of trading. For Intraday, cycles will be short though. 3) Please find below resource for downloading CRB Index Data in.investing. com/indices/thomson-reuters---jefferies-crb-historical-data
You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Hi Srinjoy Saha, You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Sir, thank you for these insightful, interesting and motivating videos. Question, for markets that trade 7 days a week, and 24 hours a day, such as crypto markets, would you use 210 day MA, or would you stick to 150 day MA?
@@TradeWithTrend Thank you for the reply. I started reading Stan Weinstein's book, and i absolutely love it. Are there any other books that you would highly recommend?
Good strategy with high odds of winning. Can you share the code of RS on trading view. I found an RS indicator on trading view. This indicator has two parameters period and moving average period? Please suggest what values to use.
Hi Mahesh , Thanks for your comment. You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(150) plot(sma(as/bs, len), color=navy)
Sir once again a nice video. Keep it up. Please let me know how and where to use the code to view the RS. The code is available below in the reply to Venkata.
Hi Sanath Thanks for your comment. Paste the code in pine editor at Trading View. Make sure Pine editor is blank before you do so. Then, apply it on the chart.
Nice vdo but this seems to be applicable only for Swing and Positional trading.😐😐😐 Pls do a vdo on Shorting stocks accurately exclusively for Intraday/Daytrading purposes 🙏🙏🙏
Thanks for your effort and time. Nice to hear about Stan Weinstein's method from you. Can u make a video about "Turtle traders"? Thanks a lot. Have a nice time.
@@TradeWithTrend Yes, I learned about Mr. Richard J. Dennis and his team (Turtle traders). The method is a combination of breakout method + volitality + positional size but I feel some difficulties in understanding the concept completely. It is like more or less what you teach in your earlier videos. I hope you can also create a team like Mr. Dennis.......:) Thanks a lot.
@@TradeWithTrend Yes, It's based on DC breakouts but the technique of position seizing (pyramiding) based on volatility which makes them more successful in trading. Kindly explain it with some examples if possible. Thanks a lot.
You can use the code below on Trading View Dot Com. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Thanks for your comment In case you want to learn about RS, watch these three video links I have posted below. RS is different from RSI. Part 1 - ruclips.net/video/RVbze1duD-U/видео.html Part 2 - ruclips.net/video/BxY2ofigO8I/видео.html Part 3 - ruclips.net/video/488FDla8kuc/видео.html
Hi, This is very interesting...Couple of questions....It seems that RS moves almost in a similar pattern like the RSI (though its not the same)...... Also, When a stock is falling and the RS (measured against its sector index) isnt falling, does it mean that even though the entire sector is coming down, this stock is falling the least as compared to others in the sector.??
Good video, I havent find rs line in stockcharts or investing.com. Investing.com have a function called "compare or add symbol" !!! I compared zm with sp500
Thank for this video. Can you pls share any free tool for RS. As I could not use code provided by you for trading view. RS is not available in zerodha or fyer( brokers I use) And which avg line was used in RS. TA
Thanks Sandeep You can use the code below. Open Pine Editor, paste the code and then apply on chart. Make sure pine editor is blank before you paste this. Average on RS is 150 MA. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(150) plot(sma(as/bs, len), color=navy)
Hi sir unable to load RS on chart in trading view. After writing code in pine editor error pops up mentioning (line 9: undeclared identifier as, bs, navy)
Hi Gurgen, You Can view RS (Relative Strength) on Trading View Dot Com. Paste code in pine editor and then apply it on chart. Make sure Pine editor is blank when you post the code. You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(150) plot(sma(as/bs, len), color=navy)
excelent vidyo sir aapko stock market mentor complete paid program start karna chahiye sir aapne code rs ka diya hai vah kishe plot kare tradingview me plase details me
Sir i cant find relative strength indicator in zerodha if its not there then can you suggest me a platform which has maximum indicators you have explained
Hi sumit tanwar, You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Trade With Trend opened trading view chart when i click on indicators and type RS i got- relative strength index -relative vigor index and relative volatility index but unable to find Relative strength
Trade With Trend sir second last line is started with i or L im confused and how can i copy this code to my clip board no option available to copy from here
Sir,first of all i would like to say that i found very interesting and valuable concept in this video.thanks you for sharing such valuable video.In which trading platform/software this RS indicator is available?I have trading account in Zerodha but does not have this indicator.
Hi Prasanta, You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. Paste it on Pine editor and apply on chart. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
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code for rs indicator on trading view?
Hi vikas ,
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(150)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend thanks sir!
Hello brother, will you please make videos on what are traps and/ or pitfalls. It must be very useful for us.
@@TradeWithTrend sir , now this code is showing error , can u help for rs indicator coding or if u hav indicator then give the link
I think u r the first teacher who is doing such great work with simplicity. Keep up the good work and GOG Bless you....!!!!
Thanks so much Romanov for your kind words
@trade with Trend Stan Weinstein's the best book that I read and your practical examples are awesome. Thank you.
Thanks so much Rajan. One of my all time favorite books.
ತುಂಬಾ ಚೆನ್ನಾಗಿ ಮೂಡಿ ಬಂದಿದೆ ಸರ್ ಹೀಗೆ ಮುಂದುವರಿಯಲಿ ವಂದನೆಗಳು
Most welcome.
Goodness. Your video on this is so crisp. You seem to have captured the essence visually with better charts than what Stan could during his time. Fitting tribute. Thank you.
Thanks so much
thank you sir . after completion of reading book only watched this video. really helped more understanding methods in our market.
Bhai , accept my gratitude from bottom of my heart , based on your video I come across Stan Weinstein's book and read it thouroughly , I am working master this state analysis. Really great work you are doing , kudo to you and your team
5:50 your presentation is amazing ✌️ respect for your efforts
Thank you 🙌
Great video Raunak g, this is the method which every new aspiring trader should follow for market analysis. This is the first step in market journey.
Nice technique of teaching to the points well explained .Thank u sir .
THANK YOU. GREAT AND SIMPLE METHOD. YOUR EXPLANATION IS SO CLEAR THAT ALL DOUBTS ARE ANSWERED BY YOU. YOU HAVE SPENT SO MUCH OF YOUR TIME AND RESOURCE TO CREATE WEALTH FOR OTHERS. I BOW TO YOUR SELFLESS SERVICE TO THIS TRADE. GOD BLESS YOU AND YOUR FAMILY. THANK YOU ONCE AGAIN.
I was in desperate need of a mentor and after much time spending here and there was about to lose almost 40k trying to take up a course. Somehow by god's grace landed up in one of your videos and from that time onwards my whole mindset is changed. I hope for the very best of you as you are doing a great god's work with so simplicity. Loved all your videos and hoping to be a lifelong follower 🙏🙏🙏
Sir, This video is well informative and an eye opener, Thank You so much for being so humble and keep sharing your valuable experience without expecting any benefit.
You are most welcome
Hope you saw the first part as well.
Thanks for your wonderful insights sir. Can this be applied to index?
How can i get this much knowledge in free of cost... God bless you more and more, brother ❤
Thanks so much. Follow this Sequence On the Channel
Trading Mindset
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Risk Management
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Multiple Time Frame Analysis
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@@TradeWithTrend thank you brother ❤
Great vedio sir
I set 3 indicator permanent on tradingveiw RS, VOLATILITY, BETA
Very good. Will help you for sure.
Really inteligent teachings sir, Even it's eye-opener.
Thanks so much. Follow this Sequence On the Channel
Trading Mindset
ruclips.net/p/PL9myHLrE5hrOabBkSB-qnhWkTRXNuYWX3
Swing Trading
ruclips.net/video/9dbnXEEHgsc/видео.html
Risk Management
ruclips.net/p/PL9myHLrE5hrOgq9VGFwAFKm58-fuD4Kbo
Multiple Time Frame Analysis
ruclips.net/p/PL9myHLrE5hrN0RdqN5yQOamz9aeirGMbp
Stock Selection Strategies
ruclips.net/p/PL9myHLrE5hrNrrUSnLLk7o9rrPqfoMCFW
Intraday Concepts
ruclips.net/p/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B
Price Action At VWAP
ruclips.net/p/PL9myHLrE5hrOLP6NoA2z_0X-Z7pHIvR-J
Price Action For Beginners
ruclips.net/p/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY
VWAP Strategies
ruclips.net/p/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf
Hi Sir...It is always a great pleasure to watch your videos...and also would never be interested in fast forwarding your videos like I do for other videos untill I see the complete video...Thanks for all the hard work that you do to teach us...
Doubt- Can we use this Stan Weinstein on 60min time frame or less than that.Please let me know which is the min time frame that can be used...
Thanks in advance..
God bless u u r a great mentor
Hello sir. What is length of RS line for short selling stocks based on Stan Weinstein's teaching. Is it the same as 150 dma?
Sir RS indicator for Auto stock should border marker should change to. Nifty auto index, IT stock need to watch Nifty IT index. Or all stock default nifty 50,or 500 . ? pls guide me sir
Use a combination of Nifty 500 and Nifty Auto both.
Good evening, I have 2 questions please, are you talking about 150 EMA or 150 MA ? and what's your time frame ? weekly or Monthly ? I mean before shorting, the stock must be below 150 in weekly or monthly period ? Thank you for your answer
Good video and simple to implement. Pls make a video on identifying stages and common mistakes to avoid in identifying stages.
Thanks for your suggestion Hemant
Sir, i m your fan, following all your videos for the wonderful stuff nowhere available in RUclips. To work on Weinstein method can i short sell a stock and hold for longer period? Like when we buy. (For more than one day). Itrade in zarodha. Pl clarify.
Beautiful n simple way of explanation 👏👌 just a small query... to chck the crossover of 150MA either for long or short is their any scanner available...? And i have just cross check the Index heavyweights by applying this method which work phenomenal but i think it's work very well in postional instant of Intra....
Thank u !
Thanks Salim
You can make a scanner with this easily on Trading view. This would help you scan stocks fast and save a lot of time.
Sir when trading usdinr what should be the benchmark for relative strength (RS)
for trading view should i use this "TRJEFFCRB (Derived Data)
THOMSON REUTERS/CORECOMMODITY CRB INDEXUS FlagTVC" for CRB Index which u mentioned.?
This is the symbol
in.tradingview. com/symbols/TVC-TRJEFFCRB/
Excellent job once again...
Can we have video on option chain analysis... for example video on OI, IV, Premium decay...
Thanks Amit. I have done these videos. Check the Options Trading playlist.
ruclips.net/p/PL9myHLrE5hrOuzyWOiD9TsjOqwKv1XdE8
Thanks for the good informative video as usual. I have ordered and started to read Stan Weinstein book.
Thanks Deepak
Its a wonderful book. You will treasure it.
for indian stocks which index should be consider apart from nifty ? what if it is bse stock then which index should be consider ? can we take sensex for rs ?
This is again nice video 👍.
What should be the RS for Commodity - Crudeoil.
Thanks Sachin
Plot it against CRB Index
Superb video and explained very well...
Thanks a lot 😊
Good one as always. Can you do a video on identifying Buying zones and selling zones and how handle contra zones on diff Tfs. Thanks a ton for all the information / knowledge you give out selflessly.
Sure Richard will do so.
Thanks
Hi sir,
Please post the link for reuters CRB index?For commodities which index against with RS to take with?
This is the Index.
in.tradingview.com/symbols/TVC-TRJEFFCRB/
www.bloomberg.com/quote/CRY:IND
Excellent Video sir
Many many thanks
First and foremost - Thank you so much sir from the bottom of my heart for this projection! We really got to appreciate the effort and patience he has taken to explain this very important concept of trading, very importantly he demonstrated the synopsis of Stan Weinstein trading methodologies in an 18-minute video. Awesome presentation and voice!! Great work.
P.S- Please let me know how and where to identify the broader market index trend?
Thanks so much Senthilkumar for your kind words. I truly appreciate it.
For broader market trend, use same principles discussed in the video. This will suffice.
@@TradeWithTrend No sir, I was asking where to find the trend of the broad market trend? any website or tips?
Brilliant video..what period is this moving avg.plotted..day or week chart
Thanks so much. 50 WMA on Weekly TF
Great video Raunak. What relative strength can be used for currency pairs?
Thanks so much
Use USD as base.
Hi,
Great presentation ,find it very informative and practical.
If you can resend the link for relative strength it would be nice
Sanjay
What about eurusd? Which index should be used ?
Hello brother, will you please make videos on what are traps and/ or pitfalls. It must be very useful for us.
Post December 2019, will surely look into this.
Great Video, really grateful to you for these teachings. for stock to sector, if we see NSE website, they have already kept a stock within a index, so for example Maruti comes under Auto, Bajaj finance under fin service, so for relative strength will that be the right approach to compare stock against sectors or we should always do against CNX 500?
Thanks Koushik
You can simply plot RS against CNX 500. This would be sufficient.
sir, for f&o stocks, our benchmark index for R Strenght should be Nifty50 or Nifty 500 ?
Nifty 500 would give better perspective.
Hi sir
Thanks for the video and for explanation.
While going through the Relative strength comparision I found some doubts about midcap stocks. Whether we need to compare the stocks with RSI of nifty midcap index or nifty 50. Because we had seen in July and August midcap index sold off But nifty 50 stands very strong in the index.
Watch RS Series. I have explained this.
For tata motors which sector index should we use to plot RS indicator. Tata motors share price movement has been in continuous downtrend even though the nifty was scaling to 12000.
Thanks for your comment.
For Tata Motors, analyze RS with respect to Auto Index and Nifty 500 Index.
When you plot it, you will find Tata M has consistently under performed.
Thank you so much for your support sir .
Most welcome Kishor
Hi, thanks again for the education, please show me your previous video or any video about relative strength , esp when i try to backtest this method, do you have the code for trading view for relative strength ? , if I trade ES and NQ futures, crude oil futures, how to plot the relative strength indicator ? Thanks
Thanks for your comment WO Cheung
In case you want to learn about RS, watch these three video links I have posted below.
Part 1 - ruclips.net/video/RVbze1duD-U/видео.html
Part 2 - ruclips.net/video/BxY2ofigO8I/видео.html
Part 3 - ruclips.net/video/488FDla8kuc/видео.html
Hi WO Cheung,
You Can view RS (Relative Strength) on Trading View Dot Com. For Stocks in U.S. market, you can use the code below. RS will be plotted against SPX.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("SPX", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(150)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend Thanks very much , have a great weekend.
For currencies like GBP , EUR , USD, JPY which indexes should be used in Relative strength indicator?
Plot GBP, EUR, INR against US Dollar Index
@@TradeWithTrend okay thank you so much
Most welcome. Any other doubt, let me know.
Hi ST.. Which broker(s) are you using presently for all types of trading
Hi GK
Kotak and Int Brokers are my main accounts.
Low cost brokers for experimenting and taking losses.
@@TradeWithTrendThanks.. Is int brokers the interactive brokers
Yes GK.
Aim for full service brokers. Discount one's are fine for limited capital and for experiments.
@@TradeWithTrend Sure. Right now i am subscribed to icicidirect zerodha and upstox.. Zerodha gives shivers some days.. Not using upstox fully yet.. Hows int compared to others in terms of brokerage uptime and other support.. Looks like its quite new
@@generalknowledge4all I've heard good things about Upstox. Their challenge will be to maintain their standards. ICICI direct is expensive but stable.
stage 3 in some of your example can be difficult to spot. It wasn’t a clear consolidating market like it is in your gold example.
I prefer 200 DEMA , I think it works well for medium term
Hi Sir. RS indicator can we use for 60 min. If then example. Tatamotar, Maruthi. Icicbank. Tcs, infy. Are different sector which RS indicator need to Border market are should be same sir?
What is the length parameters like. 50
Pls guide me sir. It will help. Thank you
I waiting for your valuable tply
Hi Sanjay
Use RS on Daily time frame
Use 50 MA for Short Term / Swing Trading
200 MA for Positional Trading.
@@TradeWithTrend Than you sir, RS indicator Broder market
Auto stock we need to change Auto index? IT stock we modify to IT index ?
Default should be Nifty 50.or Nifty 500 Or ? Pls I was struck here sir. Plz guide me Sir
pls let me know, is it appropriate to use crb commo index for indian(MCX) silver futures?
Thanks Sachin. Yes you can use the same.
Do watch yesterday's video as well
ruclips.net/video/bsTI1JSSYzM/видео.html&lc=UgxU8IxhCPMECfYslqh4AaABAg
@@TradeWithTrend thank you and I had seen it yesterday only,👍👌👌
Hi. Nice guidelines to short a stock. I would like to know HOW to fix a company with diverse businesses e.g. Reliance Ind?
One more master stroke.. sir thank you so much for being such great altruistic.. 🙏☺️
One point I want to make you notice from my side. I rigorously following your videos since long.. manytimes I wrote down conditions/rules shared by you in the video . Watched same videos countless time . But somehow i end up forgetting concepts . I really not able to remember things taught by you.. request you to kindly let us know how to implement the same.. and sir . Seriously I am doing practice. But still sometimes not able to connect the concepts ..
Thanks so much Gaurav. Have you written down a trading plan? If not, then clearly write out a detailed plan. Mind will then follow it subconsciously.
@@TradeWithTrend thank you sir for suggestion... But will you please through some light on "trading plan as in??" I mean I know literal meaning of that.. what else needs to be taken care of???
Hi Gaurav,
I will extensively cover this. In comments its difficult to explain.
This will be my first topic in Trading Psychology.
@@TradeWithTrend Thank you so much sir..,☺️
Thank you bro for your great video and effect...
Thank you Sachin.
Hope you have watched Friday's video as well.
ruclips.net/video/bsTI1JSSYzM/видео.html&lc=UgysnyiDBvWT6sM5onF4AaABAg
Sir,
What is the period for which we will have to evaluate to check whether a stock is out performing or under performing the index?
Thank you for this brilliant video.
Regards,
Mukunda.
Hi Mukunda
Use on daily time frame.
Stock against Nifty 500 would give you a good starting point.
@@TradeWithTrend Say the stock is RIL why do a RS against nifty 500? For a moment ASSUME nifty is out performing RIL then we don't get the desired result no? Please explain the rational for choosing another index when the stock in consideration has a bench mark index. Thanks.
@Trade With Trend Apologies, Sir. Probably, I wasn't clear in the earlier question.
On the tradingview website, the RS indicator asks for 2 inputs.
1. Comparative Symbol, which in our case is Nifty 500 and
2. The length of the period on which the RS has to be calculated.
I was referring to the second input.
By default, it takes 50 periods for RS studies.
Thanks and Regards,
Mukunda.
Amazing Video Sir.
While trading currency pairs like EURJPY, EURGBP, AUDUSD, which index should we plot in RS?
I tried to plot US Dollar Index and for GBPUSD, Candlestick and 150 MA plot is showing same as RS plot.
Plot EUR, INR, GBP, JPY against US Dollar Index.
Hope this helps.
Thanks sir for your efforts 🙏
Most welcome Yogi
Excellent job as always
Thanks so much Vipin
Do check out yesterday's video as well
ruclips.net/video/bsTI1JSSYzM/видео.html&lc=UgypP7eG6A30xVJDGP54AaABAg
How Stan weinstein different than coomon candle stick chart & where to get that?? The video is useful as am basically a short seller. thanx
Stan Weinstein method is just a framework combining Candlesticks, Volume, RS and Patterns.
This can be setup across any platform.
Can this be used in intraday trade. If yes what would be the SMA . THANKS. LIKED YOUR VIDEO
Concepts across all time frames remain the same.
For Intraday, you can select 200 SMA.
@@TradeWithTrend okay thanks. So for 5 min chart 200 SMA/EMA fine ? (Let me know, pls)
I will back test it with stages and demand supply zone
Yes it should be. Back test and see if it works.
Please suggest Index ?
Hi Bro.. Good morning 👍
1. I have a question.. Do I have to plot NIFTY500 if the stock I am analyzing is not in NIFTY50, eg, Astrazenca.
2. I was just thinking which index to use for commodity and you said it. I never knew it. Can you tell where to get the CRB index data for amibroker?
3. Is this stage analysis applicable for intraday?
Answered below.
1) Yes you can use Nifty 500. Its a broad index and reflects trend well.
2) Stage Analysis is applicable in all forms of trading. For Intraday, cycles will be short though.
3) Please find below resource for downloading CRB Index Data
in.investing. com/indices/thomson-reuters---jefferies-crb-historical-data
@@TradeWithTrend Thanks 👍
Most Welcome.
Hi Thank you for the video. Can you please post the code for RS indicator for crb index to trade in gold.
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Thank u.. Great lesson as always.. I did short sells on intraday. But is it possible to short sell on daily timeframe for equity ? I'm confused.
Thanks Prem.
No you cannot on a positional basis. Through futures you can.
@@TradeWithTrend since when can't you sell stocks short overnight?
Unless you are referring to the Indian stock market and not the US.
Is there a another indicator that one can use close to the RS indicator for signals
?
Which index i plot Rs line sir, for nifty 50 or nifty 500
Its diffucult to understand how to identifty stages??
It takes little time to practice this. But once you practice it on 50 odd charts, it will become a lot easier to identify stages.
Hope this helps.
Can you pls help us how to use the code in trading view site to enable RS indicator
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Sir index for Currency market ?
Very rare and best video on short selling bhaim do u have a screener for this ?
rs indicator nehi hai rsi ka upar 150 ma apply kar sakta hu?
Hi Srinjoy Saha,
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Sir, thank you for these insightful, interesting and motivating videos. Question, for markets that trade 7 days a week, and 24 hours a day, such as crypto markets, would you use 210 day MA, or would you stick to 150 day MA?
Thanks for your comment.
I would prefer 150 MA. Wont make much of a difference.
@@TradeWithTrend Thank you for the reply. I started reading Stan Weinstein's book, and i absolutely love it. Are there any other books that you would highly recommend?
Thanks So Much.
Had done one video on this where I recommended 10 books.
You can check same at ruclips.net/user/tradewithtrendvideos
@@TradeWithTrend awesome! thank you, Sir!
Good strategy with high odds of winning. Can you share the code of RS on trading view. I found an RS indicator on trading view. This indicator has two parameters period and moving average period? Please suggest what values to use.
Hi Mahesh ,
Thanks for your comment.
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(150)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend Thanks
Thank u sir Happy srikrishna janmastami
Thank you so much. Wishing you the same.
Link to yesterday's video
ruclips.net/video/bsTI1JSSYzM/видео.html&lc=UgypP7eG6A30xVJDGP54AaABAg
thank you for your efforts sir...
Thanks Sharath
I want to impliment this metod in ETFs. Can I?
Please make detail video of Rollover Data.
Sure I will.
Sir once again a nice video. Keep it up. Please let me know how and where to use the code to view the RS. The code is available below in the reply to Venkata.
Hi Sanath
Thanks for your comment.
Paste the code in pine editor at Trading View. Make sure Pine editor is blank before you do so.
Then, apply it on the chart.
@@TradeWithTrend Thanks
Very much useful video sir...which period moving we use on RS indicator? And if stock is among nifty 50,we can plot on nifty 50 or any other index?
Thanks Harshil
Used 150 period SMA average on it.
For Nifty 50 Stock, you can use it with Nifty 50 Index for RS.
@@TradeWithTrend Thank u sir..in trading view- one more column of period in comparative symbol aspect,which is 50 as default..which should set for it
Are you using the code that I gave?
@@TradeWithTrend No sir.. default which is available in trading view..but I will apply Ur code on it..
Have not seen the default code yet.
In the code I have given, change length to 150 from 10.
Any link for default code of Trading View?
Thanks
Sir Thank you for this excellent vedio. Sir 150 SMA or EMA ?
Thank you Prakash
You can choose what you prefer.
Both work well; SMA & EMA.
I prefer SMA for this.
Yes that's correct.
Nice vdo but this seems to be applicable only for Swing and Positional trading.😐😐😐 Pls do a vdo on Shorting stocks accurately exclusively for Intraday/Daytrading purposes 🙏🙏🙏
Refer to my Intraday videos. I have explained this in depth.
Thanks for your effort and time. Nice to hear about Stan Weinstein's method from you. Can u make a video about "Turtle traders"? Thanks a lot. Have a nice time.
Thanks Kkmb
Turtle Traders Methodology?
@@TradeWithTrend Yes, I learned about Mr. Richard J. Dennis and his team (Turtle traders). The method is a combination of breakout method + volitality + positional size but I feel some difficulties in understanding the concept completely. It is like more or less what you teach in your earlier videos. I hope you can also create a team like Mr. Dennis.......:) Thanks a lot.
Thanks Kkmb
Most of the concepts of Turtle Traders was based on Donchian channel breakouts.
I will be covering both these concepts.
@@TradeWithTrend Yes, It's based on DC breakouts but the technique of position seizing (pyramiding) based on volatility which makes them more successful in trading. Kindly explain it with some examples if possible. Thanks a lot.
How to get RS indicator? On my discount broker, I have only RSI indicator. Are these one and the same?
You can use the code below on Trading View Dot Com.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Thanks for your comment
In case you want to learn about RS, watch these three video links I have posted below. RS is different from RSI.
Part 1 - ruclips.net/video/RVbze1duD-U/видео.html
Part 2 - ruclips.net/video/BxY2ofigO8I/видео.html
Part 3 - ruclips.net/video/488FDla8kuc/видео.html
@@TradeWithTrend What does the plot mean?
Hi, This is very interesting...Couple of questions....It seems that RS moves almost in a similar pattern like the RSI (though its not the same)......
Also, When a stock is falling and the RS (measured against its sector index) isnt falling, does it mean that even though the entire sector is coming down, this stock is falling the least as compared to others in the sector.??
Thanks for your comment.
Yes this would mean Stock is outperforming the sector.
WELL DONE SIR
Thank you Mohan. Hope you've watched yesterday's video.
ruclips.net/video/bsTI1JSSYzM/видео.html&lc=Ugzz7h533njExA38RwN4AaABAg
Good video, I havent find rs line in stockcharts or investing.com.
Investing.com have a function called "compare or add symbol" !!! I compared zm with sp500
You can access this on Trading View platform. I have shared the code for it.
Thank for this video. Can you pls share any free tool for RS. As I could not use code provided by you for trading view. RS is not available in zerodha or fyer( brokers I use)
And which avg line was used in RS.
TA
Thanks Sandeep
You can use the code below. Open Pine Editor, paste the code and then apply on chart. Make sure pine editor is blank before you paste this. Average on RS is 150 MA.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(150)
plot(sma(as/bs, len), color=navy)
How to analysis FII fno data? Plz can you explain
Not yet made a video on this Dheeraj
This is simply amazing :)
Thanks so much
Desr Sir, Plz do for metal stocks.especially for Tata Steel.
Plot it against Nifty 500 Index and Metal Index.
Exellent sir
Most welcome Satish
Hi sir always eagerly waiting for yr videos. What should b d parameters of RS for Nifty 50 index. And can v use this for BTST , STBT.
Thanks for your comment.
Which parameters are you referring to?
Also, I would advise against using this for BTST
@@TradeWithTrend Thanks sir for yr prompt response. For stocks we will b plotting DMA 150 for index RS would b 150 or it is set as default.
RS would also be 150 Rajni
Hope this helps.
@@TradeWithTrend many thanks sir, one video on BTST, STBT pls.
Hi sir unable to load RS on chart in trading view. After writing code in pine editor error pops up mentioning (line 9: undeclared identifier as, bs, navy)
Does anyone know how to get the RS indicator in Trading View? I don't know how to add the codes and all that.
Hi Gurgen,
You Can view RS (Relative Strength) on Trading View Dot Com.
Paste code in pine editor and then apply it on chart. Make sure Pine editor is blank when you post the code.
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(150)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend It worked!!!! Thank you soooooooooooo much!
@@gurgen1 Most welcome.
excelent vidyo sir aapko stock market mentor complete paid program start karna chahiye sir aapne code rs ka diya hai vah kishe plot kare tradingview me plase details me
Thank you Hitesh
Paste code in Pine Editor. Then apply it on chart.
Sir i cant find relative strength indicator in zerodha if its not there then can you suggest me a platform which has maximum indicators you have explained
Hi sumit tanwar,
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Trade With Trend opened trading view chart when i click on indicators and type RS i got- relative strength index
-relative vigor index and relative volatility index but unable to find Relative strength
@@SuperSumittanwar I had posted code for you. Use that code and paste it in Trading View Pine editor. Then apply it on the chart.
Trade With Trend sir second last line is started with i or L im confused and how can i copy this code to my clip board no option available to copy from here
@@SuperSumittanwar It is L. Send email at poweryourstocks@gmail
Sir,first of all i would like to say that i found very interesting and valuable concept in this video.thanks you for sharing such valuable video.In which trading platform/software this RS indicator is available?I have trading account in Zerodha but does not have this indicator.
Hi Prasanta,
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below. Paste it on Pine editor and apply on chart.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
Thank you a lot sir,Do you do any paid classes/course to be taught to others like me??
@@prasantathokchom6636 not yet. May be in couple of months or in Jan 2020.
@@TradeWithTrend ok sir.I,ll be waiting for ur classes.hoping your paid classes will be available on soon.
Thanks Prasanta
Will share the details in the community tab when it will be available.
ruclips.net/user/tradewithtrendcommunity
Thank youu