The indicator is good. But there are 3 issues here. 1. This can't be put on a 75 minute timeframe. 2. Can't add it to a system builder to create a multi time frame scan as it is not available in indicator list while creating system builder. 3. For using RS55 model, more indicators are needed but system not allowing more than 3 indicators. Will write to definedge for a solution.
Trading is understanding marker phycology .. it is not indicators rsi/ma etc...end of thr day it is game of probabilities and risk managing . Good luck
In complete agreement with your message. However if the trade is backed by a study it builds your conviction in the trade and help you hold it. So having a trade plan will help in psychology and trade plan will come with understanding of Techincals. So, in the end all connected!
This will help you identify Relatively Outperforming and Underperforming stocks. Options trading requires one more layer of understanding of momentum. This is ideally used for Swing/Positional trade for equity.
Finally some one said it. He is playing safe by talking theory and making money.Why should sucessful traders make videos. I have met ppl make money from trading actually they dont give a damn about videos
Hello sir. Is the Relative Strength indicator the same as the comparison feature in trading view, that allows you to compare charts with their respective indices?
Sir ismein ek concept aur add karna padega. Not every setup work on every stock. Clearly ABC capital pein this concept is not working. Perhaps of we can find on which stocks we should use this concept will be very helpful.
This is a conceptual video explaining the concept of Relative Strength and its usecase. RS-Alpha Indicator is available on TradingView. Search for 'Relative Strength of a Stock' by Bharat Trader and you will find the indicator. If you are exploring free tools, build the scanner on ChartInk. I prefer using Zone by Definedge.
Very well explained thank you for sharing the information.
Interesting to analyse high beta stocks with this
Nice information
Thanku so much sir
The indicator is good. But there are 3 issues here.
1. This can't be put on a 75 minute timeframe.
2. Can't add it to a system builder to create a multi time frame scan as it is not available in indicator list while creating system builder.
3. For using RS55 model, more indicators are needed but system not allowing more than 3 indicators.
Will write to definedge for a solution.
Yes, currently we can use it on Daily TF. Yes please share the feedback with the Definedge team.
Trading is understanding marker phycology .. it is not indicators rsi/ma etc...end of thr day it is game of probabilities and risk managing . Good luck
In complete agreement with your message. However if the trade is backed by a study it builds your conviction in the trade and help you hold it. So having a trade plan will help in psychology and trade plan will come with understanding of Techincals. So, in the end all connected!
Thanks sir
This was very helpful. How do you save your preferred chart template in Rzone?
On the Top bar, you will file Template. Create one template there and save.
@@TheNoiselessTrader Noted, thank you!
very useful inputs. Thanks a lot Sir. But I am not able to create a scanner using Rs-Alpha. Can u guide me?
Yes, as of now this indicator is not available in system builder however there is a scanner in RZone 'RS Indicator Scanner' which can be used instead.
does it helps in Options Scalping ?
This will help you identify Relatively Outperforming and Underperforming stocks. Options trading requires one more layer of understanding of momentum. This is ideally used for Swing/Positional trade for equity.
Sir history to koi bhi dikhata hai..live market me trade leke dikhao then u r good trader
Finally some one said it. He is playing safe by talking theory and making money.Why should sucessful traders make videos. I have met ppl make money from trading actually they dont give a damn about videos
SEBI allow nahi karti live market me teach karna
@@prashantkumar409live recorded videos allow hai.uski bat kar raha hai.
Please tell me name of indicator in trading view
RSI is not same as you told
That has no acess to compare with Nifty
Check 'Relative Strength of a stock' by bharatTrader. That is closest to RS Alpha indicator.
Which website you are using sir
I use Rzone and TradePoint of Definedge Securities: cutt.ly/B0idCiy
Hello sir. Is the Relative Strength indicator the same as the comparison feature in trading view, that allows you to compare charts with their respective indices?
No, both are different however this indicator is available in TradingView with the name Relative Strength.
@@TheNoiselessTrader thank you sir.
Please tell name of indicator which allows nifty for consideration
Not found rsi alfa indicator ,
Switch chart to ohlc from p&f then search you will get it
It is RS-Alpha indicator
Sir ismein ek concept aur add karna padega. Not every setup work on every stock. Clearly ABC capital pein this concept is not working. Perhaps of we can find on which stocks we should use this concept will be very helpful.
Correct. That is true for every study. There are few exception to every study.
Only definedge subscribers can use it. Video is useless.
This is a conceptual video explaining the concept of Relative Strength and its usecase.
RS-Alpha Indicator is available on TradingView. Search for 'Relative Strength of a Stock' by Bharat Trader and you will find the indicator. If you are exploring free tools, build the scanner on ChartInk. I prefer using Zone by Definedge.