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N

Naresh Kanani

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Recent Best Controversial

    Denominator choice in RS?
  • N Naresh Kanani

    Thank you @Karan-Dattani for your inputs.

    I made this for Nifty 500 universe
    I realised that market regime will change and at any point between Nifty 50, Next 50, Midcap 150, Smallcap 250, one index will be better than other. (for e.g. right now Smallcap 250 outperforms other segment)
    Hence, I wanted to create a mechanism that it gives me stocks universe which outperform in all market regime (kind of create it, set and forget it)

    First i created a condition where in RS chart, it is in column of X and above Dsmart cloud at 1% boxsize

    image.png

    PS: I like the RS above Dsmart cloud, for someone it could be above Dsmart line. I leave it to them

    Then i used this P&F RS scanner to develop an RS of each segment

    image.png

    4c489aff-dbe8-4300-9a96-aeda0747e81b-image.png

    53c3f248-671b-4f2a-835e-d6180eb08ea9-image.png

    53dbe3f4-170c-468a-ba61-fa074e0d6062-image.png

    Once i created all this, then i went into master scanner to look for stocks who outperforms all segments.

    6518cb91-b8a9-40ab-8d43-3bddd325dc94-image.png

    and to ensure that i don't have to repeat this process again and again, i added to auto groups

    0d1a9ec9-549a-4e97-b693-bc7f528df43d-image.png

    I created this methodology as a robust mechanism (so the segments can play between themselves to find a winner and we would still have those stocks who beat all segments) to filter out stocks who are not strong. This forms the Watchlist to search for AFT/ Turtle breakouts.

    This pretty much solves the RS conundrum (hoping that it will 🙂 )

    I am posting this so that it may help the overall community and i am open for feedback/ suggestions as a part of learning.


  • Link the ticker/ script across layouts
  • N Naresh Kanani

    Hi Team, I am using dual layout in zoneweb.

    one is regular PnF chart and other is RS chart.
    I want to link the ticker in both cases.
    But when i change ticker on left chart, i have to manually do it for the RS chart
    So i have to go back and again to do the changes while seeing all stocks in a group.

    Is there a button i am missing or any functionality?

    fde96189-8173-4fa3-bfb1-0b00ea5f08ed-image.png

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