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| Discuss breakout at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; hi, can i know what are the indicators to look at to spot a potential ... |
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#5
17th August 2005, 11:00 AM
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Re: breakout
in this case there is no increase in volume.
how can you be should that it is a breakout? Quote:
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#8
17th August 2005, 07:41 PM
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Re: breakout
Quote:
Consolidation Breakout Upside If(Ref(Fml("Congestion Index"),-5),<,10, {and} If(Fml("Congestion Index"),>=,10, {and} If(CLOSE,>,Ref(HHV(C,80),-5), {and} If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)),+1,0),0),0),0) Consolidation Breakout Downside If(Ref(Fml("Congestion Index"),-5),<,10{%}, {and} If(Fml("Congestion Index"),>=,10{%}, {and} If(CLOSE,<,Ref(LLV(C,80),-5), {and} If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)),+1,0),0),0),0) Congestion Index ((HHV(C,80)-LLV(C,80))/LLV(C,80))*100 You can use these formulas in the explorers to screen the stocks hope this helps Karthik
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#9
17th August 2005, 08:41 PM
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Re: breakout
when you use this on KEC is it successful?
Quote:
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#10
17th August 2005, 11:47 PM
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Re: breakout
cmlee
The formula I gave was from guppytraders.com. After experimenting with this I found that we have to fine tune this to suit the market condition. The formula assumes that during consolidation the congestion index is less than 10% and the consolidation period is quite long. In a fast market like the one we are seeing the consolidation period is short and the the congestion value is rarely less than 10%. So after some fine tuning I found that 15% congestion value is more appropriate for our present bullish market we are seeing. Also I reduced to period to 40. With this the Indicator does show the breakout for KEC. Also for D-LINK which jumped up by 15 points the Indicator showed the breakout. My tuned formula is given below for your reference. Iam enclosed the charts also. Consolidation Breakout - Upside If(Ref(Fml("Congestion Index"),-5),<,15, {and} If(Fml("Congestion Index"),>=,15, {and} If(CLOSE,>,Ref(HHV(C,40),-5), {and} If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,40,S),-5)),+1,0),0),0),0) Consolidation Index ((HHV(C,40)-LLV(C,40))/LLV(C,40))*100 Karthik Last edited by karthikmarar; 20th May 2008 at 12:31 AM.
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. Check my post on Radico, very similar breakout it has reached the mentioned targets.
