Developed a tool to identify momentum stocks l
Get your Stock Screener logic automated |
App Link - https://t.co/KJzBJaMXqd
Telegram - https://t.co/dGyFaEy0I3
Mar 9, 2021 • 36 tweets • 12 min read
This is a thread which will describe you about the Automated Alert System
1. Key points of Automated Alert System,
👉 Based on support and resistance concept and using 20MA, Pivot and RSI
👉 Designed for Swing/Momentum trading
👉 Stoploss - On daily chart, below low of 20MA or below low of alert candle or as per your risk appetite
👉 Target - Typically expected ROI in swing trade is 5-7% and then after we can trail our stoploss and ride with the momentum