Use
pattern explorer
MAKE YOUR OWN STANDARD EXPLORATION CODE
EXPLORE FOR FACTORS
PRICE, ATR(66),VOLUME, V/MA(V,66), MACD(), PDI()- MDI(), ADX()
ATR(66) SHOWS WHAT WAS AVERAGE RANGE OF MOVEMENT OVER PAST 66 DAYS(BETWEEN LOW &HIGH) OR 3 MONTHS(IF THIS IS 2,THEN IS IT WORTH TRADING?)
ABILITY OF MOVEMENT = 100*(HHV(H,66) -LLV(L,66))/MA(C,66)= X
IF X IS LESS THAN 10% THEN NOT WORTH TRADING THAT SCRIP.
IF MACD>0 OK TREND IS BASICALLY UP
IF (PDI -MDI)>12 TREND IS UP & STRONG IF ADX()>25
INSTITUTIONAL BUYING IS THERE IF V/MA(V,66) >2 OR MORE
set 2
scan if price made two touches on an uptrendline on 4 hour or daily chart
scan if price made two touches on downward trendline on 4 hour or daily chart
this part can be done by keystocks software.
set3
look for confluence of
uptrendline,50% fib retracement , support or resistance and use it for entry