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Relative Momentum Index

Nifty500 Analysis: Current state of the market & what to expect.Nifty500 is mainly used for analysing the Market breadth. We look at the various phases of the market: Bullish, Bearish & Sideways, We can understand how the Momentum charts give an early warning / indicator for a particular phase in the market. Presently, the market has given a signal that the current Bullish phase is going to get weaker, but we are not yet Bearish. The Bullishness is going to continue, but in a stock specific manner only. I'm expecting a sideways market with a slight upward slope. Thanks for tuning in.
NSE:CNX500Long
by InvestIn10
Rm & Am strategyA combination of Relative Momentum indicator and Absolute Momentum Indicator . Relative Momentum is a measure of relative strength of a script compared to index or other scripts Absolute momentum is a measure of its own strength compared with its value n periods before... I use a combination of 2 absolute momentum lines of 10 & 21 ...or 21 & 52 based on my requirement + 1 relative momentum indicator with Nifty index as default comparative symbol. One example how I use this indicator is for Intraday ... 2 Absolute mementum indicators of 10 & 21 ... both should be in same direction.. and the closer they are the stronger the signal. for swing & positional , I include 1 relative momentum along with 2 absolute momentum... Also ,the strong signal can be validated when the candle is bullish , no near by supply zone or the candle is at demand zone . Explore the indicator ,its your imagination & innovation. Often u can even catch the extreme bottom. Mix this with my Rsi crossover cardwell ranges indicator for best results.
NSE:GRINDWELLEducation
by VarunNeel90