Hi All Traders,
I am new to this trading forum. But while going thro various posts I found very interesting comments and the main aim all the people aare having is to design a system for finding advance signals to Buy or Sell.
I have designed a System in which it is possible to have a signal. Only point is to go for a trade when signal and its confirmation is received. No doubt it also gives a false signals which ofcourse are easily identifiable. In this system I have developed it is possible to enter the stock either in Long or in Short side. but I am not able to tell you when to book profit.
If anybody could work on this system further and make it available it would be great for all the community on this forum.
The input required is the historical values of Open High Low and Close which we get from NSE Web. just enter the values and quickly check for the signals which are in + / - factor form. When +ve factor changes to -ve and the Closeing price is lesser than last close, then it is time to go SHORT Confirm it with PIVOT Point analysis and Bearish candlestick.
In other way round if the factor turns +ve from the -ve trend then it is time to buy GO LONG Also confirm it with Pivot Point and Bullish Candlestick generated.
Just let me know your comment and also check with the historical data and previous signals generated.
I feel this system does not work for penny stock which usually gets freezed in either upper circuit / lower circuit.
I have entered the values of NIFTY Data for the example.
I am new to this trading forum. But while going thro various posts I found very interesting comments and the main aim all the people aare having is to design a system for finding advance signals to Buy or Sell.
I have designed a System in which it is possible to have a signal. Only point is to go for a trade when signal and its confirmation is received. No doubt it also gives a false signals which ofcourse are easily identifiable. In this system I have developed it is possible to enter the stock either in Long or in Short side. but I am not able to tell you when to book profit.
If anybody could work on this system further and make it available it would be great for all the community on this forum.
The input required is the historical values of Open High Low and Close which we get from NSE Web. just enter the values and quickly check for the signals which are in + / - factor form. When +ve factor changes to -ve and the Closeing price is lesser than last close, then it is time to go SHORT Confirm it with PIVOT Point analysis and Bearish candlestick.
In other way round if the factor turns +ve from the -ve trend then it is time to buy GO LONG Also confirm it with Pivot Point and Bullish Candlestick generated.
Just let me know your comment and also check with the historical data and previous signals generated.
I feel this system does not work for penny stock which usually gets freezed in either upper circuit / lower circuit.
I have entered the values of NIFTY Data for the example.
