hi friends
Get the vmacd code. (Find it from wisestocktrader site.)
vmacd is volume based macd.
USE A DONCHIAN CHANNEL WITH 20 PERIODS.
UE COLORCODED PRICE BARS-(BLUE UPTREND-RED-DOWNTREND)
USE A TRAILING STOP like that of vstop
Trade only volumes are dominant(when institutions are trading)
RULES ARE
1.We need a defined uptrend()
2. price bars must be blue
3.Stoploss lines must be blue & be below price for going long
4. Vmacd histogram must be above zeroline for long trade
5. We must take long trade only if sellers are less than X (X CAN BE 1000 OR 2000).
If more than X, don’t trade .
6. Go long at preferably THE first reversion to the mean in current uptrend
7. Your stoploss must be blue and max risk only 3 points and not more.
see charts
Get the vmacd code. (Find it from wisestocktrader site.)
vmacd is volume based macd.
USE A DONCHIAN CHANNEL WITH 20 PERIODS.
UE COLORCODED PRICE BARS-(BLUE UPTREND-RED-DOWNTREND)
USE A TRAILING STOP like that of vstop
Trade only volumes are dominant(when institutions are trading)
RULES ARE
1.We need a defined uptrend()
2. price bars must be blue
3.Stoploss lines must be blue & be below price for going long
4. Vmacd histogram must be above zeroline for long trade
5. We must take long trade only if sellers are less than X (X CAN BE 1000 OR 2000).
If more than X, don’t trade .
6. Go long at preferably THE first reversion to the mean in current uptrend
7. Your stoploss must be blue and max risk only 3 points and not more.
see charts
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