, 4 tweets, 1 min read Read on Twitter
A small aspect that I have back-tested for #Intraday.
Let me explain with an Example.

1. Calculate Previous Day's Typical Price: (H+L+C)/3
(1025+975+1015)/3 = 1005
Let's this Pivot.

1/4
2. Now, Add and Subtract yesterday's H-L Range from the Pivot.
1005 -/+ (1025-975)
= 1005 -/+ 50
= 955 - 1055
This 955 - 1055 becomes the Zone.
And, 955 - 1005 - 1055 become 3 important Levels.

2/4
3. Now come to the Current Day's Intraday Price Movement:
IF Price Crosses Above 1055
OR Price Crosses Below 955
THEN there's a 75% chance it doesn't come back to the Pivot of 1005 during the Same Day.

3/4
Usage:
- When NOT to take Contra / Mean Reversion Trades during the Day for Intraday.
- Or, possibly understand the Trend in force for the day.
- Can be used for Option Strategies as well.

* Tested it on Index and Stock Futures for 2 year period.

4/4 - End -
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Piyush Chaudhry
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!