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.
6. 200MA is raising for at least 3 months Previous sma's. Current 200MA is greater than last 30 days before 200 MA
> 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.
> 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.
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.
#ExitRules
After a good entry, it is equally important important to exit from a trade.
Below rules 1. Price close below 20/50/100/200SMA or EMA 2. Price closes below Last week/Month close 3. Close below Donchain middle band from above. 5. ADX DI < -DI 6. Vortext +VI < -VI
7. Bearish Engulfed/Maruboju at Weekly candle 8. Close below Bolinger Lower band 9. CCI oversold 10. CMO oversold zone 11. RSI 12. EMA reverse alignment (50 > 20 > 5EMA) 13. Making LHLL 14. Positional Sell(EMA 50 > 20 > 5 > LTP) and CCI < -100 15. MACD moving below Zero
16. MFI crossed below 20 17. Price close below last month close 18. Stochastic oversold zone 19. Willams %R bearish
How to add them as your exit rules?
> Create a portfolio and add ur stocks
> Add any of the above(lot more available) rules and save.
If your are a positional/swing/long trader, then it is for you.
Added multiple portfolio support to the system.
What is use of having multiple?
Track multiple stocks based on ur criteria.
Add exit rules.
Exit rules:
Set your own exit rules for your each portfolio.
What is exit rule?
Define a rule for exit, When you want either book profit/loss and come out of the trade.
Eg: For my short term portfolio, I want exit stocks which closing below 50SMA.
What is the use of exit rules?
- U no need to analyse your portfolio stocks constantly.
- Define a rule/Multiple rules which ever works for you then System automatically send an email to when ever a stock from portfolio matched to ur exit rules.
- Do once, and check ur mails