Hi @PAVLeader, today I am sharing an improved version of your FractalBuySell scanner. This is now a colorful, more powerful explorer with few other options too for quick check. Have custom color/style selection option too for quick check. Consider it (1/n)
#from_swing_ka_sultan
as a small contribution towards your selfless service for newbies & retailers. I hope you'll like it. Pls help in spreading so other also can be benefitted.
So, without delay, here's the link-
drive.google.com/file/d/1-sv-sb…
Now I'll elaborate the use & changes I made. 2/n
Now it comes with bunch of options, like you can show/hide the plotter are per your need. If it is troubling, right click on your Chart > Parameters > Hide it in "msg board" under "Fractals Plotter Explorer" section. I am sharing the screenshot of the same. (3/n)
The highlighted part in the image in previous tweet shows options available with the plotter. You can now choose colors convenient for your eyes for Up Fractal & Down Fractal, and even the styles you wish.
I choose Orange for resistance & green for support. 😊 (4/n)
Coming to the Explorer, apart from breach of Fractals levels, one can check recent Close (Green for Positive day, Red for negative day), Change% & Volume change compared to its 20 days avg!
So, you can choose stocks which broken out with higher volume simply from explorer (5/n)
In volume column, you can use colors to identify volume activity higher than 20 days average volume. Green will appear when Close is greater than prev. close, and volume is atleast 2x 20 Day avg. Red will appear when close is lower, and volume is 2x 20 days avg.
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If volume is lesser than 2x 20 Day avg, it will be shown with grey color. With this facility you can choose stocks broken out with good volumes which suggests higher odds of success.
Now few points on Fractals & which things you need to keep in mind with fractals. (7/n)
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What are Fractals, Fractals are swing highs & lows from where the price has reverted, hence they act as immediate support & resistance. A breakout of Up Fractal is considered as immediate resistance breakout, hence suggesting stock gaining momentum to move up. On the other (8/n)
hand, a break of lower Fractal denotes break of immediate support hence suggesting weakness in the stock which cause possible downmove in stock prices.
Pls keep in mind, these can be only a starting point to look after a stock by creating of daily watchlist. You should use (9/n)
it as a foolproof system or something. Explore stock ideas as U do with any screener, identify key support resistance levels of stocks, then find out reasons why you should take a trade & why you shouldn't. Now analyze both pros & cons & trade accordingly.
Happy Trading!
10/10
Hello Everyone, I came to know that the yesterday's Fractal file had a bit error, so when hiding, it is throwing error 29. I fixed that error and this is the link of updated file. Previous one is removed hence only this link will be active. Pls update!
drive.google.com/file/d/1-vtX8s…
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