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. 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)
Oct 21, 2020 • 5 tweets • 3 min read
Dear FriendsDear friends,
If any know about the "Mark Minerv" Template for stock selection. I have implemented that template as scanner in our site.
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.
Sep 22, 2020 • 4 tweets • 3 min read
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
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.
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.
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%
Sep 3, 2020 • 5 tweets • 3 min read
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.
@PAVLeader2. 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.
Aug 31, 2020 • 5 tweets • 4 min read
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
Aug 27, 2020 • 5 tweets • 2 min read
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
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.
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.
Jul 30, 2020 • 10 tweets • 3 min read
- Market always goes in cyclic
- A pullback is a price movement that moves in the opposite direction of the trend but it is only temporarily price movement before it resumes back into the main market direction.
- it can be refered as Retracements or dip or Corrections.
- The temporary countertrend movement resumes in the main market direction later and it does so by breaking beyond the recent price extreme.
- If price does not go beyond the recent extreme, then the pullback could reverse, or it could consolidate.
If your are breakout trader, this scanner is for you..
Donchian Channel indicator helps out to filter out the break out stocks.
Donchian Channel: Thread
- It is developed by Richard Donchian
Donchian Channel consists 3 bands 1. Upper band 2. Middle band 3. Lower band
The area between the upper and lower bands represents the Donchian Channel.
- He would later be nicknamed "The Father of Trend Following
Jun 17, 2020 • 14 tweets • 4 min read
Chande Momentum Oscillator (CMO): Scanner
One of the user asked us to add scanner based on the CMO. Added below patterns to the site. 1. CMO Trending Up: CMO has crossed 0 from below is bullish. 2. CMO Crossed Above 50: CMO has crossed 50 from below is bullish.
Scanner:- 3. CMO Over Bought zone: Bullish indicator. Greater than CMO value 50 signifies bullish.
4. CMO Trending Down: CMO has crossed 0 from above indicating bearish. 5. CMO Crossed Below -50: CMO has crossed -50 from above indicating bearish. 6. CMO Over Sold zone: Bearish.
May 31, 2020 • 4 tweets • 3 min read
When ever you enter into long position, it is make sure that price is near support zone.
Take partial profits near resistance zone. #supportzone #ResistanceZone
How to get support and resistance zones for any stock?
Search stock > see the support and resistance #supportzone
How we calculated these data?
> These are calculated based 12 - 14 months (280 daily candles).
> Calculate how many times a price closed at a particular price.
> If a price closed 420, 421 422, 419 in different times then consider 420 occurs 4 times(1% approx)
May 22, 2020 • 4 tweets • 2 min read
I have implemented the below patterns based on Vortex indicator 1. +VI crosses -VI from below 2. +VI crosses -VI from above 3. +VI above -VI 4. +VI below -VI
What is Vortex?
Vortex Indicator consists of 2 oscillators that has +ve and -ve trend movement #Vortex
> Developed by Etienne Botes and Douglas Siepman
> It consists of 2 indicators 1. +VI indicator 2. -VI indicator
> When +VI is above -VI, it is bullish.
> When -VI is below -VI, it is bearish.
May 6, 2020 • 6 tweets • 2 min read
Bullish Engulfing Pattern
It form when a candle opens lower than the previous candlestick’s close and closes higher than the previous candle open.
The pattern begins with a bar that has a small body and is followed by a bar whose body “engulfs” the previous candle body.
It represents a major defeat, so to speak, for the sellers and/or short sellers (the bears). When the second candlestick bar opens, the sellers are already pushing the prices below the prior candlestick’s close.
Seems bears are winning, however the buyers will push price to high
What is the Ichimoku Cloud?
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. #Ichimoku 1. The Ichimoku cloud was developed by Goichi Hosoda, Japanese publisher. 2. The Ichimoku Cloud is composed of five lines.
> Conversion Line (Tenken) = (9 days period high + 9 days period low )/2.
> base line (Kijun) = (26 days period high + 26 days period low) /2.
Apr 22, 2020 • 5 tweets • 1 min read
Positional calls generated in telegram using Swing low strategy
One of the alert is
StrategyName: 'Swing Low'
Update POSITIONAL BUY
Result: 'Target of 1497.0 T3 Achieved'
Next few targets='1506.38'
Apr 20, 2020 • 5 tweets • 3 min read
I have implemented the below patterns based Money Flow Index (MFI).
What Is the Money Flow Index (MFI)?
The Money Flow Index (MFI) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset
#ssstockalerts#MFI 1. It is like a RSI with volume. Considered as Volume RSI. 2. It moves between 0 to 100 3. Where < 80 considered as Overbought 4. Where > 20 considered as Oversold. 5. General period for MFI is 14. 6. Divergence can be helped to track trend. #ssstockalerts
Apr 14, 2020 • 4 tweets • 1 min read
Following feature are available in ssstockalerts 1. More than 165 patterns for daily, weekly and monthly available. 2. Favorite either one pattern or group them as advanced pattern. U will get email daily for ur favorite pattern stocks. 3. Get the stock info with detail analysts and score. 4. Intraday and positional alerts based algorithm 5. Live Paper trading 6. Track your Portfolio 7. Stock price triggers, means it will update you when a stock reached certain price. 8. Watch list
Mar 3, 2020 • 6 tweets • 2 min read
If the trend is your friend, then you should definitely use the ADX Indicator.
Added ADX Bullish and Bearish Patterns. #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