iCharts Discussions

[onelikeu]

To select stocks for intraday i use following
Long

condition1:RSI should be greater than 70

condition2DMI+ should be greater than DMI-
ADX should be greater than DMI-
ADX should be lesser than DMI+

Once the stock satisfies both condition .the stock gets into watchlist next day

INTRADAY STOCK CRITERIA:if any stock in watchlist goes above 10% next day ,then enter the stock .Stoploss 1% below or 10% itself.
Sell the stock near market close. or sell if stock upper freezes


Short
Just opposite.

[smith06]

Which Timeframe do you use?

[Deepak1]

If RSI is greater than 70 then how Long can be entered?
As per my knowledge if RSI is above 70 then stock is over bought.

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