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SSStockAlerts Profile picture
@ssstockalerts
Mar 3, 2020 • 6 tweets • 2 min read • Read on X
Dear Friends,

If the trend is your friend, then you should definitely use the ADX Indicator.

Added ADX Bullish and Bearish Patterns. Image
#ADX
Wilder suggests that a strong trend is present when ADX is above 25 and no trend is present when below 20.

When the ADX turns down from high values, then the trend may be ending

If the ADX is declining, it could be an indication that the market is becoming less directional
#adx
ADX is non-directional and quantifies trend strength by rising in both uptrends and downtrends.

When the +DMI is above the -DMI, prices are moving up, and ADX measures the strength of the uptrend.
When the -DMI is above the +DMI, prices are moving down, and ADX measures the strength of the downtrend.
ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies.
When ADX is below 25, the trend is weak. When ADX is above 25 and rising, the trend is strong. When ADX is above 25 and falling, the trend is less strong. Image
The best profits come from trading the strongest trends and avoiding range conditions. ADX not only identifies trending conditions, it helps the trader find the strongest trends to trade.

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More from @ssstockalerts

SSStockAlerts Profile picture
Nov 22, 2020
Strategy: Daily price close above Monthly pivot

1. Trade can initiate the next day opening price with 1% or 2% of stock price as SL.
2.Risky Traders can enter into trade at 3.15 to 3.20 pm on the same day when price crosses above the monthly pivot point. ImageImage
3. Target can be 2% or 3% or 4%
4.When we back tested with 2% SL and 4% target given the best results.
5.User can keep any of these risk rewards
Risk reward ratio: 1: 2
Risk reward ratio: 1: 3
Risk reward ratio: 2: 4(Given the best results)
6.User can close the trade with in 3 days if they achieve target or if SL hits.
7.If user wants to continue the trend then SL should be moved only when they achieved initial target.
8. You can add any other indicator for confirmation eg: SMA 20, ADX > 25.
Read 8 tweets
SSStockAlerts Profile picture
Oct 21, 2020
Dear FriendsDear friends,
If any know about the "Mark Minerv" Template for stock selection. I have implemented that template as scanner in our site.

Mark Minerv template is modified with small conditions by Manas Arora bro. Implemented scanner for below image.
#enhancement
The scanner is available in the
ssstockalerts.in/stocks/view/#/…

Scans -> Investment patterns -> High Momentum pattern.

Conditions to qualify stocks in this criteria:
1. Min price should be greater than 30
2. The current price must be at least 50% above 52 weeks low.
3. The current price must be within 25% of the 52 weeks high.
4. The current price must must be trading above 50-day and 50sma > 200 sma.
5. Every 6 weeks should have made new high. so check last 6weeks price is greater previous 6 weeks high price.
Read 5 tweets
SSStockAlerts Profile picture
Sep 22, 2020
Dear Friends,

Implemented system to scan the bullish and bearish candlestick patterns
#backtestwithureyes
Eg: U can scan for Dragon fly doji, u will get the list.

Once u get the list, click on any stock and see the chart
Eg: Today scan found #BLUESTARCO Image
Now open the chart of #BLUESTARCO,

> Now click on patterns > candlestick > dragon fly doji pattern
> It will highlight on the chart where it occurred in the past also.
> Now u can check whether this pattern is respecting this stock or not.
> It is easy to backtest with ur eyes. Image
> U can check the same thing for Daily/Weekly/Monthly also.
> Once u found , stock is respecting this pattern then take position based on that.

#ssstockalerts
ssstockalerts.in/stocks/view/#/…
Read 4 tweets
SSStockAlerts Profile picture
Sep 21, 2020
Dear Friends,
@Stockengg
@ProdigalTrader
@PAVLeader
#New
Relative Strength scanner

1. Stock outperforming Nifty index
Stock is outperformed than nifty index in 52 period.

2. Stock underperforming Nifty index
Stock is under performing than nifty index in 52 period. ImageImage
What it means?
These stocks outperformed nifty and changed more percentage than nifty.

How it is calculated?
> Get the stock change% since 52weeks low
change% = (latest close - 52weekslow)*100/52weekslow

>Relative Strength = stock change%/index change%
Nifty close: 11250, low: 7551
Nifty change%=48% (11250 - 7551)*100/7551

BALAXI change% = 1321%
Relative strength = 1321/48 = 27

ASIANPAINTS change% = 37.82%
Relative strength = 37.82/48 = 0.78

Relative strength value which is greater than 1 means it is outperforming nifty.
Read 4 tweets
SSStockAlerts Profile picture
Sep 3, 2020
Started reading the A complete Guide to Volume Price Analysis
#book #VPA

Based on my understanding created below patterns
1. Price and volume raising
> Bullish: price closes above the previous candle and volume is greater than previous candle.

@PAVLeader ImageImage
2. Price and volume falling
> Bullish: price closes below the previous candle and volume is less than previous candle.

3. Price falling and volume raising
> Bearish: price closes below the previous candle and volume is greater than previous candle.
4. Price raising and volume falling
> Bearish: price closes above the previous candle but volume is less than previous candle.

- For intraday, look for daily pattern.
- For short term, look for weekly pattern
- For long term, look for monthly pattern
Read 5 tweets
SSStockAlerts Profile picture
Aug 31, 2020
Dear Friends,

When I was new to trading, I was not sure how to draw about the support and resistance lines.

Was looking for a system to draw automatically support and resistance. But those systems are not for free and had limitation for free use.
It is better to draw manually so we can learn how to do that. Once u practice it, it become simple.

However, I decided to implement draw support and resistances automatically.

I believe this will be most useful, at least for me.

Check the stockinfo page
Toolbar has option to select how many support/resistance lines u want see.

eg chars are here
#ssstockalerts ImageImageImage
Read 5 tweets

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