Trading NR7 setup

[Shantala]

Bataindia

nr7 ib
nr21 ib

 

[sumitalwar]

does it work for intraday or eod. and if intraday what time frames.

 

[santhosh2010]

 

[dr.pkjee]

Hi All,
Been away from trading for sometime.Can someone help me on spotting the start of Elliot Wave cycle(start of wave 1) on real time chart?
thanks in advance
pkj

 

[dr.pkjee]

Hi amitsh27

If you are using Amibroker here is an exploration code to find NR7 in real time.

AFL Code(blue lines only):-

Filter=
H-L==LLV(H-L,7)
AND (EMA(C,20)>HHV(H,7)OR EMA(C,20)<LLV(L,7 ));
AddColumn(H-L,"R0",1.2);
AddColumn(Ref(H,-1)-Ref(L,-1),"R1",1.2);
AddColumn(Ref(H,-2)-Ref(L,-2),"R2",1.2);
AddColumn(Ref(H,-3)-Ref(L,-3),"R3",1.2);
AddColumn(Ref(H,-4)-Ref(L,-4),"R4",1.2);
AddColumn(Ref(H,-5)-Ref(L,-5),"R5",1.2);
AddColumn(Ref(H,-6)-Ref(L,-6),"R6",1.2);
AddColumn(HHV(H,7),"HH",1.2);
AddColumn(EMA(C,20),"EMA20",1.2);

thanks
pkj

 

[rkkarnani]

Hi All,
Been away from trading for sometime.Can someone help me on spotting the start of Elliot Wave cycle(start of wave 1) on real time chart?
thanks in advance
pkj

wisestocktrader dot com has a large library of AFL's maybe something will fit your requirement.

Such as : http://www.wisestocktrader.com/indicatorpasties/84-elliot-wave

Look around!

 

[pratik 1387]

Following are stocks for 24-Nov Monday.

1 bataindia nr7
2 castrolind nr7
3 divislab nr7 ib
4 hdfc nr7
5 hindpetro nr7
6 ioc nr7
7 ongc nr7 ib
8 ranbaxy nr7 ib
9 sunpharma nr7
10 tatacomm nr7
11 ultracemco nr7 ib

Pls check by your self also.
Happy trading....:thumb:

 

[hemalsutaria]

i got too many stock in this exploration

how to do it ???

 

[pratik 1387]

i got too many stock in this exploration

how to do it ???

One can use following filters for selection of stocks
- select high volume stocks.
- select stocks which is having less difference between previous close and previous high price.
- past seven bars should be above 20 period EMA line.

 

[pratik 1387]

NR7 stocks for 25th Nov.

1 BATAINDIA -------- 20.55 NR7
2 MOTHERSUMI ------ 10.25 NR7
3 PNB --------------- 19.2 NR7