today i checked the nifty level of 9th august 2016 and it was showing 23.82
also from this very forum a contributor of the forum had tabulated based on sensex history when there is a bubble
i am attaching images to support
for the nifty pe level one can look at the following...
just a small query
1) which sw are you using for plotting renko .
2) which data vendor and data feed are u using for plotting renko . tick or normal
3) plain vanila renko looks better to me .they are more ap pealing to me . (observation )
Too gracious on both's part ! I have never seen such maturity very often .
Esp in the online world ! Ego says only I am right respect ) says you may be right in ur own way and I may be in my own way let's agree to disagree .
We have seen ppl stooping to low levels in debates which...
entry is defined already for long and shorts . sl and targets can be done with ease based on a thumb rule or by previous candle lows .
more imp is scaling up and defining support and resistance.
at this stage let the system be defined and then the coding aspect can be looked at...
thanks bunti for replying before this thread goes to oblivion
however my main objective was on other paramters of making the system like sl , scaling up profit booking and plotting resistance and support !
coding although required is still not on the immediate priority .once i get...
please accept my warm wishes !
i want to make a trading system based on price action .
the criteria for long and short is defined already however i am more interested in making a complete trading system .
the system is mainly suitable for equities the time frame is eod .