Hi Traders,
As Iam using ZERODHA and transferring live data to excel,just thought of using the buy sell ratios for trading.Got the live streaming Buy Sell ratio by dividing buyers with sellers. If the ratio is less than 1 sell Nifty ,1 to 1.2 trend not confirmed so stay away,1.2 to 1.4 risky buy,above 1.4 confirmed buy.Concept is to stay in the trade until buyers become less than 1.2 and trail the stop loss.Entry to be taken along by considering the important levels.
Similar calculations come into play for shorts.Get the Sell Buy ratio by dividing sellers with buyers. If the ratio is less than 1 buy Nifty ,1 to 1.2 trend not confirmed so stay away,1.2 to 1.4 risky Sell,above 1.4 confirmed sell.Stay in the trade until sellers become less than 1.2 and trail the stop loss.
Need comments from experienced traders on this strategy either to make changes in the signalling ratios. Concept is to stay in the trade during big rallies taking into the consideration of buying or selling power or pressure. Just started paper trading and will wait for valuable comments from traders.Please don't ask how to feed data in excel or how to feed formulas because the purpose of this thread will turn away.
As Iam using ZERODHA and transferring live data to excel,just thought of using the buy sell ratios for trading.Got the live streaming Buy Sell ratio by dividing buyers with sellers. If the ratio is less than 1 sell Nifty ,1 to 1.2 trend not confirmed so stay away,1.2 to 1.4 risky buy,above 1.4 confirmed buy.Concept is to stay in the trade until buyers become less than 1.2 and trail the stop loss.Entry to be taken along by considering the important levels.
Similar calculations come into play for shorts.Get the Sell Buy ratio by dividing sellers with buyers. If the ratio is less than 1 buy Nifty ,1 to 1.2 trend not confirmed so stay away,1.2 to 1.4 risky Sell,above 1.4 confirmed sell.Stay in the trade until sellers become less than 1.2 and trail the stop loss.
Need comments from experienced traders on this strategy either to make changes in the signalling ratios. Concept is to stay in the trade during big rallies taking into the consideration of buying or selling power or pressure. Just started paper trading and will wait for valuable comments from traders.Please don't ask how to feed data in excel or how to feed formulas because the purpose of this thread will turn away.
Last edited: