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I am building up on the concept of #RTM shared by @heartwon in this post -

#RTM = Short-Term Mvng Avg (5DEMA) / Longer-Term Mvng Avg (20 DEMA)

He adds another #RTM: 4 Week EMA / 12 Week EMA on the #charts to get a holistic view
So the two #RTM's work like a MACD except that an #MACD plots the absolute difference between 2 mvng avgs. But since we are dividing one avg with another in #RTM we can use it to compare one stock with another which we cant do in a MACD.
I have applied the concept of RTM on F&O stocks and come up with some insights. If the daily #RTM value is above the Weekly #RTM value then I define the trend as bullish. Then I calculate the difference between Daily and weekly #RTM's across F&O stocks. Image
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