metastock code for this condition

S

sumit.agarwal

Member
#1
#1
metastock code for this condition

stock should have fallen from a very high level and has reached near it's support level , or atleast the stock shud be near to support levels.

can we code for this condition.
 
rajatheroyal

rajatheroyal

Active Member
#4
#4
Just try a scan with Stochastic or Rsi above or below OS OB region.But these are useless,just because a stochastic reads above a certain number does not change the demand and supply.
 
S

sumit.agarwal

Member
#5
#5
rajatheroyal said:
Just try a scan with Stochastic or Rsi above or below OS OB region.But these are useless,just because a stochastic reads above a certain number does not change the demand and supply.
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yeah, but after that if the stock is trading nearly to a good support region, then there is less risk for it to go below that support and i may buy and hold it for around a month for the stock to come up again.

surely only good stocks

like Jain Irrigation, it falled from 930 to around 780's i bought around 790 hold it for a week and exited near 860.
 
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