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Nitin R Profile picture
@finallynitin
Apr 19, 2022 • 8 tweets • 3 min read • Read on X
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The time has finally arrived to simplify how we use the volume indicator on our charts. With a Tradingview script at the end, here is a thread🧵 on what “simple” volumes are, & how to use them: 👇 Image
The conventional volume indicator is full of ‘noise’ in that all volume bars are given the same importance. Color & size are the two informations they provide. But this information is “across the board”, irrespective of when it’s important enough or not. Image
The Simple volume indicator is minimalistic, in that it strips away the conventional volume indicator from a lot of “noise”, & help narrow our focus on actionable volume bars only. It displays only 3 type of volume bars prominently: blue, green & red. Image
Other than these 3, all other volumes are “noise” & need not be kept into any actionable consideration. All these inconsequential bars are grey. Moving average of the volume is also purposely hidden, as the grey bars themselves are indication of a below-average volume. Image
While initiating a long entry, we need to look out for only these 3 volume bars, & arrive at our decision. PPVs are the best indicator of institutional accumulation. Multiple PPVs in a consolidation base, & in a breakout candle are very bullish signals. Image
Here is the link of the Tradingview script for Simple volumes:

in.tradingview.com/script/JkB0iCF…
Hope you find this useful. If you'd like to read this thread as a newsletter, find it here:

world.hey.com/nitinranjan/si…
@jeffsuntrading Hey Jeff, the indicator is live now with an option to display the average dollar volume in millions.

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More from @finallynitin

Nitin R Profile picture
Feb 20
For identifying leading stocks during a bear market, @markminervini identifies three key setups based on the market phases where stocks set up.

A thread 🧵

The 3 market phases & their setups are:

1. Predictive - The market is making lows, & is not sure if it has bottomed out.

2. Coincident - The market has bottomed & given a follow through day, & most likely will resume its upward journey.

3. Confirming - The market has begun its upmove on the right side.Image
Predictive setups

Stocks setting up and breaking out before the market bottoms.

If the market makes another leg down, either these stocks will fail, or they might pull back to the breakout point but usually not stop you out.Image
Coincident setups

Stocks setting up once the market has bottomed & is giving a "follow-through day."

One sees stocks beginning to break out of their bases, usually on the fourth day or later, as the market is coming off the lows.Image
Read 5 tweets
Nitin R Profile picture
Jan 9
The simplest way to judge if we're in a bear or a bull market is via the % of stocks above 200-day MA.

% of stocks above 200 MA sustaining for at least a month above 50 → Bull Market

% of stocks above 200 MA sustaining for at least a month below 50 → Bear Market

A thread 🧵Image
2018-2020

A ‘clean’ example of a bear market is from the period between Feb 2018 to Aug 2020, where the % of stocks above 200-day MA stayed below 50 levels almost throughout:Image
2020-2022

A ‘clean’ example of a bull market is from the period Aug 2020 to May 2022, where the % of stocks above 200-day MA stayed above 50 levels almost throughout:Image
Read 6 tweets
Nitin R Profile picture
Aug 23, 2024
#MarketQuadrant CW34/2024:

An almost easy money market for a good stock selector. Hold on to your fully invested portfolio.
Anticipating a pullback/pause.

⦿ Swing: Confirmed Upswing
⦿ Momentum: Positive & Improving
⦿ Breadth: Strong
⦿ Bias: Positive
_______________________________________________

⦿ Trend (positional): Uptrend under pressureImage
Swing → Confirmed Upswing

⦿ Most broad indices are in a confirmed upswing. The Nifty 50 is still in an early upswing.

⦿ IT, Consumption, Consumer Durables, Oil&Gas & Pharma are notable sectoral indices in a confirmed upswing.

⦿ Swing Confidence is 75, which means that the portfolio can take significant open risk, but still less than the maximum permissible.Image
Momentum → Positive & Improving

⦿ Most broad & sectoral indices are having positive & improving momentum.

⦿ Media, Oil&Gas, Pharma & Realty are notable indices having positive but worsening momentum.

⦿ There is no index with negative momentum.Image
Read 6 tweets
Nitin R Profile picture
Jun 22, 2024
Easy Earnings Comparison (EEC) 🧵

EEC is simply a high probability of reporting blockbuster results in the upcoming quarter, worthy of news headlines, leading to more inflows of liquidity.

The concept of EEC was explained in the book ‘Insider Buy Superstocks’ by Jesse Stine.Image
What is an Earnings Comparison?

An earnings comparison looks at a company’s earnings (or sales) from one quarter to the same quarter in the previous year. This is called an Year-over-Year (YoY) comparison.

For example, if a company had an EPS of 5.2 last year and this rises to 12.6 this year, that's a 140% increase.Image
Why Do Easy Earnings Comparisons Matter?

Let’s say the company posted an EPS of 12.6 again next quarter, but last year it had an EPS of 14.9 in that same quarter.

Even though the company is still making money, the YoY comparison shows a decline, which might not impress investors.Image
Read 5 tweets
Nitin R Profile picture
Aug 10, 2023
Make a habit of following the system, & not take idiosyncratic decisions; the 'let’s-do-this-&-see-what-happens' trades.

Every loss must teach you something, & should not disappear in the ocean of random things that happen in your trading life.

Here are 4 of my worst mistakes… https://t.co/jVpP11eg4ftwitter.com/i/web/status/1…
Image
Mistake 1: Impatience
Trade exhibit: BSE

Entry (23-May-23): First pullback to the 20-day MA.
Exit (24-May-23): Exited in the backdrop of Nifty making something like an evening star, & the trade having no cushion.

Return: 0.28%
Potential: 180% upmove.

Learning: Impatience is… https://t.co/5pBUzHNZYStwitter.com/i/web/status/1…
Image
Mistake 2: Ego
Trade exhibit: ABB

Entry (06-Apr-23): Entered as price seemed to breakout of a multi-touch descending trendline.
Exit (11-Apr-23): Exited as SL got hit. Within a week, the price recovered & was back at the same levels, giving another opportunity that was not… https://t.co/s952z71rJKtwitter.com/i/web/status/1…
Image
Read 6 tweets
Nitin R Profile picture
Jul 18, 2022
I have a very simple method for swing trading in cash stocks.

With a Tradingview script at the end, here is a thread🧵 on my Simple Swing strategy: 👇
The Simple Swing indicator is based on T3 Moving Average, which was first described by Tim Tillson, in the search for a “perfect” moving average.
The T3MA incorporates a smoothing technique which allows it to plot curves more gradual than common MA & with a smaller lag.

During most of the time in a trend, price will stay well away from the T3MA. Thus, a decisive close beyond the T3MA often indicates the end of a trend.
Read 11 tweets

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