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How to Plot Modified RSI Indicator | Traditional RSI vs Modified RSI Indicator

Today we continue our conversation with ‪@kbbothra‬ on making money with modified RSI. I know you are eagerly waiting to see how you can plot the modified RSI on your charts. Don’t worry…we are covering that in in today's episode. RSI is the most popular momentum indicator but it is full of whipsaws. Kunal makes it easier to visualise this by plotting the traditional and modified RSI on the same chart. We are certain that once you watch this you will realise the importance of modified RSI and immediately switch to it. He shows how modified RSI works well on various time frames like daily,weekly and quarterly charts. It even works wonderfully on intraday charts. This shows the wide range of applicability of the indicator. Modified RSI also helps to catch a trend on a timely basis and ride it until it ends. It reduces the number of decisions you take drastically. Kunal believes that reducing the number of decisions is the key to success in markets. He also mentions that staying contrarian is difficult.Modified RSI indicator provides confidence to the trader in such times. We are certain that Modified RSI will be a great tool in your trading armor. It can improve your trading and give you an edge in the markets. Links: metastock - https://www.metastock.com/ Spider IRIS- https://spidersoftwareindia.com/ -------------------------------------------------------------------------------------------------------------------------- Open a Free Demat Account https://www.samco.in/home/samco_regis... -------------------------------------------------------------------------------------------------------------------------- Timeline:- 0:00 Introduction 1:02 More examples 8:32 How to form Modified RSI Indicator 11:38 Differences in signals due to use of Traditional RSI 26:06 Advantages of using the Modified RSI Indicator 29:36 Rapid Fire 34:21 Highlights About Kunal Bothra: ‪@kbbothra‬ is an Independent Advisor and a Panelist at ET Now. Kunal was born in a traditional Indian family where investing in the markets was considered risky. Despite this hesitance, he still chose stock markets as a career after completing engineering and MBA. He worked with companies like Edelweiss Securities and Aditya Birla Money initially. His last assignment was with LKP Securities as Head of Advisory. Currently he works as an independent consultant and panelist at ET Now. Kunal is widely known for his expertise in the field of Technical Analysis. He has more than a decade of experience. He has been tracking stock markets both globally and locally. He likes to travel to new places and experiencing their cultures. He likes to read. He also shares his insights with youth and investors through seminars and lectures at investor conferences and colleges. About The Right Choices with Oracles of Dalal Street : The Right Choices with Oracles of Dalal Street is hosted by Apurva Sheth. He is the Chief Markets Editor at Samco. He has more than 11 years of experience in financial markets. Our show focuses on curating actionable and insightful strategies from real-world stock market heroes. Our guests have been successful in markets and are willing to share their insights with you. Tune in to The Right Choices with Oracles of Dalal Street every Saturday at 11 am on our YouTube channel. For more updates on the stock market and mutual funds do consider subscribing to our YouTube channel by clicking here -    / @samcosecuritiesindia   You can also follow us on: Facebook -   / samcoindia   Instagram –   / samco_india   LinkedIn –   / samco-securities-limited   Twitter –   / samco_india   Private Telegram Group - https://t.me/tradeflixbysamco #TheRightChoiceswithOraclesofDalalStreet #ApurvaSheth #SamcoSecurities #stocknote #rsi #money #strategy #gains #investment #trade #trading #gains #rsiindicator #modifiedrsi #profits #charts #modifiedrsi #plottingrsi

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