iCharts Discussions

[rajanadar]

Hi SH,
I am not able t ofind the _RSEX indicator in the top-left dropdown menu. I am a basic version subscriber.
Is this indicator not available for the Basic users?

[vsadani]

Alok text is on the run went up 6.5% today

[Stockhunter]

[vinst]

SH,

I have experimented with two ways of using rsex (30min is not my cup of tea!!)
1) If weekly trend is up, then look for daily rsex to give bullish signal to go long. this is like good oversold in intermediate uptrend
This signal is indicated for hindlever for monday.
2) use monthly rsex for bullish signal and buy above prev month high if volume confirmation is missing. if volume confirmation is there, buy right away. This signal gave indian hotels and sundaram fasteners in last two days.

regards,
vin

[Stockhunter]

[gaurav081]

Thanks everybody specially SH for sharing this simple method and its results. Very impressive I must say.

I have a 8-5 strict job and have no time to even look at the stock market when its live, hence if you ask me what levels nifty at, I wouldn't be able to tell you until after 5pm that day. Hence intraday is out of question. I started with taking delivery but then the profit is less and brokerage is high. Hence I am into futures now(1 mpnth mostly).

I would like suggestions on what parameters to use when viewing Rsex like TF, EMA etc?? if trading in one month futures. Any additinal help/advice is very much appreciated.

SH : I also went through your 315 strategy. It looks promising will backtrace and try to implement.

Thanks in advance
Gaurav

[Stockhunter]

Thanks Gaurav for your kind words... I was equally amazed seeing RSEX's effectiveness hence shared it with the fellow ichartians here after trading it for some time.

Since intraday is out of question for you, the only trades you can do is swing and positional.

For them, I would personally recommend using EOD charts only and apply RSEX as well as 315 simultaneously. However you can experiment and find what TF suits you best.

Use default parameters on RSEX.

Cheers
SH

[bhalubhai]

[Stockhunter]

Bhalubhai - first of all nice ID .. but you might need to change it to saandbhai if Nifty continues to stay above 100 EMA on EOD ...
I must admit i couldnt help myself giggling at your ID though.

Secondly coming to your question, 315 is a strategy I posted under a separate thread. Go back to strategies menu and check for another post by me under 'SH's 315 Strategy for positionals'.

Cheers
SH

[Manav]

http://www.icharts.in/forum/rsex-strategy-posted-on-popular-demand-t1358,postorder,desc,start,30.html

recommended buy essar oil @71 on 20th March 09...its almost doubled !!!!!!!enjoy....

rgds
Manav

[vinst]

hello Manav,

As per rsex signal (chart attached), buy signal of march would have been closed on 30march.
However a new buy signal was given on april 1.

vin

[Manav]

Hi Vinst..I predicted buy signal on basis of WEEKLY charts, and not on EOD charts...Weekly essar oil chart never gave exit signal since 71 levels...(pls check the earlier post & chart)

rgds
Manav

[vinst]

manav,

thanks for the missing info

[Stockhunter]

Weekly RSEX on Nifty is also in buy mode since last couple of weeks...

Cheers
SH

[viky_1990]

respected stockhunter sir,
im using rsex for the past 1 month in nifty futures and it is very effective......im here to thank u for the wonderful strategy given by you....

thnk u...i made a total profit points of 326....thank u sir.