Published on: June 25, 2024
In bullish markets, almost any stock purchase seems to yield gains, and the benchmark indices often reflect this upward trend. However, when the markets lack momentum, scrupulous stock picking becomes crucial.
Understanding this need, we developed the Multi-Time Frame (MTF) scanner, an innovative tool designed to help investors identify stocks with strong, consistent trends. We call this system “Bold Bulls.”
The Bold Bulls System
The Bold Bulls system is designed to filter stocks based on two primary criteria:
1. Price > Super Trend: This condition ensures that the stock price is above its Super Trend indicator, signifying a positive trend.
2. RSI > 60: The Relative Strength Index (RSI) must be above 60, indicating strong momentum in the stock’s price movement.
These criteria help identify stocks that are trending upward and doing so with strength and consistency.
Accessing Bold Bulls in RZONE
For users of RZONE, the Bold Bulls system is integrated within the Multi-Time Frame scanner. Here’s a step-by-step guide to using this powerful tool:
1. Navigate the Menu: On the RZONE page, locate the left-hand menu and select “Multi-Time Frame Scanner and select Candlestick Scanner
2. Select Group and Multi-Time Frames (read carefully) and follow the steps as marked.
Why Use Multi-Time Frame Analysis?
Multi-time frame analysis is a robust approach to stock picking, as it allows investors to view trends over different periods. Here’s why it’s beneficial:
Monthly Analysis: Provides a long-term perspective, ensuring the stock has been performing well over an extended period.
Weekly Analysis: Offers a mid-term view, helping to confirm the long-term trend and highlight any potential changes.
Daily Analysis: Captures the short-term momentum, ensuring the stock is currently performing well.
Combining these perspectives helps make well-informed investment decisions, reducing the risk of relying on a single time frame.
