My System - My trades.

[varunkochhar]

So how to use these ribbons to trade ?
Well i have thought this.
Rule 1 Only take trades in the direction of 60min. OBV ribbon.
i.e. be on the lookout for going long when it is blue and short when it is red.
Rule 2 Take only trades where both the ribbons in the price pane are of the same colour as the 60min. OBV.
Book out as per your greed or trail SL to the lowest level in the opposite colour ribbon in price pane just preceding the trigger ribbon colour.

 

[Kabira 21]

you can edit afl where change color White to Black same for others
OR remove that afl and insert OBV from indicators and ema so you can select which colour you want....

Thanks,ho gaya bhai

 

[varunkochhar]

Am I missing something :

At 11:04 the ribbon is changed to blue color and again it changes to red colour from 11:27 to 11:32 ...

Varunji can you plz mark your entries today and reason for the same ...

I think i just answered your querry in my previous post.

 

[varunkochhar]

Is it clear CEPE ji.

 

[varunkochhar]

Will post today's charts shortly. Though i was so shell shocked to see the morning movement to trade it as per rules. (Never have seen BN at such a discount to spot). But if had followed these rules to the T, would have been a much much bigger profitable day.

 

[VJAY]

not that tech savvy dont know how to do it.I have a fear I will mess up afl badly.
yeh lo pura afl error de raha hai

You can use this I edited it and removed 36 ema

//===========================================================================================================================
GraphXSpace=5;
_SECTION_BEGIN("On Balance Volume");
Ob = OBV(); e200 = EMA(Ob,200);
Plot(Ob,"",colorBlack,styleNoTitle|styleThick);
Plot(0,"",colorRed,styleNoLabel|styleNoRescale|styleDashed,0,0,5,-5);
Plot(e200,"",colorBrightGreen,styleNoLabel|styleNoRescale);

_SECTION_END();

//===========================================================================================================================

 

[Kabira 21]

Thanks Happy Ji for a nice code for a lower version ami users like us.
Last time,I was little rude,I am Sorry Happy Ji.

 

[cepetrading]

Ok Sir ...

Rule 1 : Clear ..... I look at the lowest of the 3 ribbons which is 60 mins ... so if its blue then I will look for long and vice versa ...

Rule 2 : "Both the ribbons " means the other time ribbons 15 min and 30 mins or the OBV coded separately ...

Sorry for too many doubts ...

So how to use these ribbons to trade ?
Well i have thought this.
Rule 1 Only take trades in the direction of 60min. OBV ribbon.
i.e. be on the lookout for going long when it is blue and short when it is red.
Rule 2 Take only trades where both the ribbons in the price pane are of the same colour as the 60min. OBV.
Book out as per your greed or trail SL to the lowest level in the opposite colour ribbon in price pane just preceding the trigger ribbon colour.

 

[varunkochhar]

I have drawn 2 vertical lines in the price pane. One green and the other red. In the period prior to the green line only longs were considered looking at the colour of the 60min. ribbon. In the period between green and red, only shorts were considered. After the red, only longs were considered. I hope it is clear now.

 

[varunkochhar]

No for rule 2 you need to look at the 2 ribbons in the price pane.