JayneshKasliwal
@JayneshKasliwal
14 Tweets • 2022-01-14 11:35:06 UTC • See on Twitter
rattibha.com
Supertrend-Relative Strength Strategy for
Positional and Swing Trading
A thread
on Supertrend and Relative Strength !
Retweet and share if you find it helpful !
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What is Relative Strength ?
Relative strength is a strategy used
in momentum investing and in identifying value
stocks.
It focuses on investing in stocks or other
investments that have performed well relative to
the market as a whole or to a relevant benchmark.
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Conditions of Relative Strenght
Relative Strength has a reference zero line
Line >0 Stock is Outperforming
Line <0 Stock is Underperforming
RS period 65 as we have around 65 trading days in
3 month
RS reference as Nifty50 as benchmark index as
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@kuttrapali26
Outperformance Vs Underperformance
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How to apply in #tradingview
Type
“Relative Strength”
Choose any
By bharattrader
By traderlion
By Modhelius
I use by bharattrader
In setting use 65 period
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SuperTrend :
It is TrendFollowing Indicator That generates Buy /
Sell signals based on the ATR value or volatility of
the stock
Supertrend also works as a trailing stop-loss for the
existing trades Best on daily time frame
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Supertrend Conditions
Works Best on 10 , 3 settings
One can try and backtest on 10 ,2 at own also !
Doesnt Work well in Sideways Zone as it is trend
following indicator
@Techno_Charts
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Buy Signal Rules
Stock above 50 ema
SuperTrend turned Positive
Rs line increasing and in positive
Volume up on updays and down on downdays
Daily Time only
Stock has to be in clear Uptrend for buy and Ideally
near 52 week High
@MarketScientist
8/n
Target 10 to 15 %or can be trailed using 50/ ema
Stop loss max 7 – 10 % in any case or nearest swing
whichever is less
Ideal stop loss 5%
Position size 5-7%
In case you have to enter fresh when both are
already positive enter on High Volume Breakouts
Example Shared at 430
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Sideways Stock
Supertrend tends to give too many signals in
sideways stocks hence its advised to only take
trades based on breakout of range in this .
No trend following works in sideways market hence
its best to stay sideways or looks for proper
oppurtunities
10/n
Sell Signal Rules
Stock Below 50 ema
Supertrend Negative
Rs line decreasing and negative
Price near resistance or bearish patterns like double
tops etc
Daily Time only
Stock below 20% of 52 week high
volume Increasing on sell side
@premalparekh
11/n
Target 10 to 15 %or can be trailed using 50/21 ema
Stop loss max 7 - 10 % in any case or nearest swing
whichever is less
Ideal stop loss 5%
Position size 5 - 7 %
A similar Setup was shared by @vivbajaj Sir on 2
hour Tf on youtube can check it out !
One can even Modify This
12/
To learn More about Relative Strength
Swing Trading Mentorship Starting this Sunday 16
Jan
Intrested people Dm Link for Enquiry
13/n
https://wa.link/si4jn4
Telegram Link :
Mentorship Link for enquiry
https://t.me/Techno_charts
https://wa.link/si4jn4
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