Hi everybody,
I want to discuss a method which I figured out a couple of months back and which I am using for intraday trading.
Buy when:
the total range of all the green candles is greater than the range of red candles by a set value through parameters.
AND
Fibonnachi retracement signals Buy and when cross 23.6%
AND
OBV angle >30
AND Chaikin volatality is greater than zero
target 1: 61.8%
target 2: 78.6%
as each level is crossed trail the stop to the preceding level.
Stoploss: the immediate fib level preceding the level crossed upon price close greater than 60% of last level on way up (trail).
- VICE VERSA FOR SHORTS.
Stock selection criteria
using the eod explore (set through parameters) select those stocks which are NR7,8 and inside.
attached afl for this.
trade at your own risk.
Best of Luck
I want to discuss a method which I figured out a couple of months back and which I am using for intraday trading.
Buy when:
the total range of all the green candles is greater than the range of red candles by a set value through parameters.
AND
Fibonnachi retracement signals Buy and when cross 23.6%
AND
OBV angle >30
AND Chaikin volatality is greater than zero
target 1: 61.8%
target 2: 78.6%
as each level is crossed trail the stop to the preceding level.
Stoploss: the immediate fib level preceding the level crossed upon price close greater than 60% of last level on way up (trail).
- VICE VERSA FOR SHORTS.
Stock selection criteria
using the eod explore (set through parameters) select those stocks which are NR7,8 and inside.
attached afl for this.
trade at your own risk.
Best of Luck