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A thread on evolution of my Relative Strength theory.
I was an active trader till 2013 before I decided to become a passive trader. I found swing trading (apart from investing) to be the best strategy for me since I was also involved in other business initiatives.
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I was an active trader till 2013 before I decided to become a passive trader. I found swing trading (apart from investing) to be the best strategy for me since I was also involved in other business initiatives.
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I read many market books in 2013-14 and attended many paid training sessions.
And finally adapted Relative Strength model for my journey.
The starting point of RS was simple graph of Price of Nifty by Price of Stock. Objective was to identify strong stock visavis market.
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And finally adapted Relative Strength model for my journey.
The starting point of RS was simple graph of Price of Nifty by Price of Stock. Objective was to identify strong stock visavis market.
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This simple technique worked fantastically till 2016 before I realised that there is need of improvisation.I developed the model further and filtered stocks based on this:
Any stock outperforming market for 1W as well as 3M is strong.We developed the scan in @mystockedge
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Any stock outperforming market for 1W as well as 3M is strong.We developed the scan in @mystockedge
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