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Stock Selection Based on ATH/52 Week Stock and Relative strengthHello community Here I will be talking about the process for picking up the stocks based upon the All Time High (ATH)/52 Week BO Stock and RSI . As this is known to everyone but only few are getting benefited by applying it in real trading. The stock represents strength if it breaks its ATH Level and comes from Weekly BO Base. Most of the gains are made with the stocks breaking its ATH and Coming from Weekly Base BO and once it is combined with the RSI and Price Volume this can do wonders and improve trading style.  In my earlier write up i also talked about the use of RSI with Screener from Tradingview only. Since i used this as my repository so save all my write up here only and can be viewed.(Stock Selection Based on Relative StrengthEDUCATION) Screener for Stock Selection in Trading View:- - Go to Stock Screener Tab at bottom in the Tradingview. - Go to Filters - Symbol Type - Common Stock - Select New 52 Week High- - Select New All Time High - Select Relative Strength Index (14) >=75 The above will filter out stocks based on ATH and 52 Week High stocks and RSI. You can add more filters according to your requirements and make your stock list more refine and Make a list and look for opportunities. I use the above filter to filter out stocks every weekend and mix it with Price and Volume to get Maximum Benefit.  As I am a Price Action trader I mix Price/Volume,Trend and ride the momentum. You can try it and submit your feedback to me. Also, Tell me if you find something else which can be useful to the community. Together we can help each other in Learning and excel in our profession. Remember: I am a Price Action Trader and use Price and Volume together with different Timeframes, including RSI, and market conditions. To get the best result, always wait for confirmation. Focus on Risk Management and Position sizing. Treat trading like a business and it will pay you like a business…..!! Hope this post is helpful to community Thanks RastogiG Disclaimer and Risk Warning. I am not a Sebi registered analyst. The analysis and discussion provided on in.tradingview.com intended for educational purposes only and should not berelied upon for trading decisions. RastogiG is not an investment adviser andthe information provided here should not be taken as professional investmentadvice. Before buying or selling any investments, securities, or preciousmetals, it is recommended that you conduct your own due diligence. RastogiGdoes not share in your profits and will not take responsibility for any lossesyou may incur. So Please Consult your financial advisor before trading or investing.
Editors' picks
NSE:SIGACHIEducation
by RastogiG
15
Dual Bollinger Band Jackpot Strategy.This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:- Bollinger band (20,2) and Bollinger band (20,1) Volume MACD Trade Setup for Long:- 1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE. The BREAKOUT CANDLE should have following properties; a) The volume of this candle should be greater than previous TWO CANDLE's volume. b) MACD histogram and MACD line should be greater than zero. 2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE. And that RED CANDLE should not touch the BASIS. TIMEFRAME:- DAILY CHART. When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE. STOPLOSS is 1 point below the low of BREAKOUT CANDLE. TARGET is 2 times the STOPLOSS. DISCLAMER:- this is for educational purposes only. DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.
NSE:JSWENERGYEducation
by anuragsahu614
2
Ascending Triangle and it's meaning - understand using HALHow to identify an Ascending Triangle on chart and what does it mean? Let’s understand this with current chart of NSE:HAL (dated 21-Aug-2023). • Ascending Triangle is a bullish formation that generally gets formed during the uptrend and confirms the continuation of uptrend. • Ascending Triangle pattern indicates the accumulation and gives bullish buy indication before breakout. • NSE:HAL during its uptrend journey created break out from its uptrend channel on 7-Jun-2023. • However, post that it has gone sideways and started forming an Ascending Triangle. • Ascending triangle is created when price consolidates in the uptrend direction for some time by facing resistance at same level on the upper side of the triangle. Whereas the bottoms keep increasing. • Volume starts getting decreasing from the starting point of the triangle. • At one point, we will get Break Out from triangle with huge volume and uptrend will continue.
NSE:HALEducation
by vicky252
what is The symmetrical triangle patternThe symmetrical triangle pattern is a technical analysis chart pattern that forms when the price of an asset is moving within a range, with the highs and lows converging towards each other. it is characterized by two trend lines that converge toward each other, forming a triangle. It is confirmed when the price breaks out of the triangle, either above the upper trend line (bullish) or below the lower trend line (bearish). Traders often look for a price target that is equal to the height of the triangle at its widest point, projected in the direction of the breakout. The symmetrical triangle pattern can be a reliable indicator of future price movement, but it should be used in conjunction with other technical analysis tools and market indicators. one can support the work by simply following BACTIFY and sharing the same with their friends all the best and happy trading
NSE:BPCLEducation
by pratik2358
dual top pattern explained in simple form The dual top pattern is a popular technical analysis pattern that can signal a potential trend reversal. This pattern is formed when the price of an asset reaches a resistance level twice and fails to break above it. The two peaks of the pattern look like two mountain tops that are approximately equal in height, with a dip or valley in between them. The neckline of the pattern is drawn by connecting the lows between the two peaks. A breakdown below the neckline is considered a sell signal, as it suggests that the price is likely to continue to decline. The dual top pattern is an important tool for traders because it can help to identify potential trend reversals. However, it's important to confirm the pattern with other indicators and analysis before making trading decisions. For example, traders might look for other technical signals such as a bearish divergence or a break below a key support level to confirm the dual top pattern. Additionally, traders may use fundamental analysis to gain insight into the underlying factors that are driving the price movement of the asset. Overall, the dual top pattern is a powerful tool for traders to identify potential trend reversals, but it's important to approach it with caution and to use other analysis techniques to confirm the signal before making trading decisions. In the below example, a newbie too would be able to learn and practice trend reversal using double top pattern Dual top pattern = potential trend reversal. Look for two mountain tops with a valley in between. The resistance level was reached twice but was not broken Draw the neckline by connecting lows between the peaks. A breakdown below the neckline = sell signal. Remember, the dual top pattern can be a powerful tool for traders to identify potential trend reversals, but it's important to confirm with other indicators and analysis before making trading decisions.
NSE:HDFCLIFEEducation
by pratik2358
1
How to Use a Wave Volume Divergence Indicator Wave Volume Divergence Indicator is being introduced In this video, I explain how to use the indication and the purpose behind it. Please forgive me if there are any mistakes in this video as I am not an expert speaker. I'm expecting this video will make wave volume divergence indicator easier for you to understand. Please share this video and indicator with others if it is beneficial to you. Please follow me and like this post to encourage me. Wave Volume Divergence Indicator To learn more about divergence, read my article on divergence, which was selected in Tradingview's Editor's Picks. To learn more about Price and Volume divergence Read My Article on Price and Volume Analysis Indicator help you to identify when the smart money is buying or selling. Wave Volume Divergence indicator is a powerful tool that can help you trade in sync with the smart money and make better trading decisions. The Wave Volume indicator is very useful for determining the direction of a trend & Reversal of trend based on Divergence. The Wave Volume Divergence indicator can be used to see if there is a power shift between bulls and bears. This indicator will give signs for divergence together with the cumulative volume of the bullish and bearish waves. Do not rely on diversions blindly because they may be false signals; instead, use this indicator with your strategy. For high probability trades, use the divergence signal on strong support and resistance levels. Please share this video and indicator with others if it is beneficial to you. Please follow me and like this post to encourage me.
NSE:BSOFTEducation
by AfnanTAjuddin
3
Volume price analysis & Volume Divergence Cheat sheetWhat makes volume price analysis so crucial? Volume and price analysis play a major role in trading and investing. Volume analysis helps traders and investors identify whether there is significant interest in a particular security. It also helps to identify potential buying and selling pressure, which can be useful in predicting future price movements. Price analysis helps to identify trends and price patterns, which can be useful in making trading and investing decisions. Volume and price analysis are important tools that can be used to spot trading opportunities and make sound decisions. 2 important things to keep in mind when analysing volume: 1. An increase in volume shows that market players are eager to participate in the developing market activity and want to see the price move higher in an uptrend or lower in a downtrend and are willing to buy higher in an uptrend or sell lower in a downtrend. 2. A drop in volume shows that traders are less interested in seeing prices rise in an uptrend or fall in a downtrend and are more eager to purchase lower in an upswing and sell higher in a downtrend. Volume Divergence: It is essential to check whether price and volume patterns are similar when comparing them. In that case, there is a good chance that the trend will continue. A volume divergence occurs when price and volume diverge, which indicates that the underlying trend may not be as strong. According to my observations, whenever a stock is trading at a high volume, it seems to strongly trend either upward or downward. Here are some important concepts in volume price analysis: 1.When the price of a stock rises with increased volume, it indicates that the bull trend is stronger and buyers are interested, and this is a trend continuation signal. 2. If the stock price rises but volume decreases, it indicates that the bull trend is weakening and may reverse, and buyers are not interested. Price and volume divergence suggest a trend reversal. 3. If the price is falling while the volume is increasing, it indicates that the bearish trend is quite strong and sellers are active. 4. if the price is falling and the volume is decreasing, it indicates that the bearish trend is weakening and will soon reverse, signifying divergence between price and volume and a trend reversal.
NSE:ELGIEQUIPEducation
by AfnanTAjuddin
12
Introduction to Volume profile If you have been in the market for some time, you may have heard of a study called the “Volume profile” . Today we are going to take a deeper look at volume profile, along with a few example strategies. This post will also lay the groundwork for future posts about more advanced volume profile topics. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular style of trading! The post will shed some light on the following topics: → What is volume profile? → Difference between traditional volume indicator and volume profile → Volume profile terminology → Different types of volume profiles → Example strategy 👉 What is Volume profile? Volume Profile is an advanced charting study that displays trading activity at specific price levels over a specified time period. On the chart, it plots a horizontal histogram to reveal significant price levels based on volume. Volume Profile, in essence, takes the total volume traded at a specific price level during the specified time period and divides it into either buy volume or sell volume, making that information easily visible to the trader. 👉 Difference between volume profile and traditional volume indicator The core difference between the traditional volume indicator and the volume profile is how they consider volume with respect to time and price. The traditional volume indicator plots histograms at specific times, without giving any relevance to the price levels. On the other hand, the volume profile gives importance to price levels without emphasizing on the time scale. 👉 Volume profile terminology ■ Point of Control (POC) – The price level for the time period with the highest traded volume. ■ Profile High – The highest reached price level during the specified time period. ■ Profile Low – The lowest reached price level during the specified time period. ■ Value Area (VA) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion. ■ Value Area High (VAH) – The highest price level within the value area. ■ Value Area Low (VAL) – The lowest price level within the value area. ■ High Volume Nodes (HVN) – Peaks in volume around a price level. ■ Low Volume Nodes (HVN) – Valleys in volume around a price level. 👉 Different types of volume profiles TradingView currently provides 5 types of volume profiles. These are: 1. Auto anchored - Specifies the anchor of the volume profile calculation, i.e. how often the volume profile recalculates and where it starts. 2. Fixed range - Builds a profile using the custom anchors provided by the user. 3. Periodic - Sets the period for which the indicator builds volume profile, one profile for each new period. 4. Session (Normal and HD) - SVP displays a profile for all the market action that occurs within a session. If set to "All" (default), the indicator will consider the pre-market, main trading session and post-market as one session. 5. Visible range - Builds a profile considering all the visible data on the screen. Please note that the Volume Profile is a paid-only feature that can be accessed by subscribing to one of our paid plans. If you need to upgrade your account, be sure to check out our Black Friday sale . You can get up to 60% off on subscriptions. Example strategy Just like with most other tools or studies, Volume Profile has a number of uses. There are many trading strategies out there using Volume Profile as a key component. Below are the basics of one such strategy which is based on comparing the current day’s opening price to the previous day’s Volume Profile. 👉 If the current day opens above the previous day’s value area (but still below the Profile High) A sample setup is to look for the price to retrace back toward the Point of Control and then proceed to rise (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a buying opportunity. 👉 If the current day opens below the previous day’s value area (but still above the Profile Low) Some traders may look for price to retrace back towards the Point of Control and then proceed to fall (the direction of the day’s open). Therefore during the retracement to the Point of Control, there is a selling opportunity. 👉 If the current day’s opening price is completely outside of the previous day’s profile (above the Profile High or below the Profile Low) In general, this is seen as a possible runner in the direction of the opening price relative to the previous day’s profile range but different traders may look at it differently. Thanks for reading! As we mentioned before, this isn't trading advice, but rather information about a tool that many traders use. Hope this was helpful! See you all next week. 🙂 – Team TradingView Feel free to check us out on Twitter and Instagram for more awesome content! 💘
Editors' picks
NSE:ADANIENTEducation
by TradingView
23
Trading with the Buy Sell Signal Indicator with More accuracy Using Indicators to Display Buy and Sell Signals It's difficult to tell which ones to trade and which ones to avoid on the chart, so this is my idea of how I traded with this indicator when I was new to trading. I hope you enjoy it. Plot two indicators : (1) Buy Sell Indicator (2) Option Volume Indicator (it consists of average RSI and it has already included a lot of confirmation) / You can use your own indicator as well. Strategy : - Go for this signal with STOPLOSS nearest Swing and target minimum to 1: 2 once the Pivot UP arrow appears on the chart and the volume indicator is showing faint aqua color, and vice versa for the Short signal (Faint Red volume). Never trade if the volume is showing Black Candles in Option Volume Indicator . or - Whenever Signal Appears on chart wait for next candle to break the high/Low of signal candle - Small traders can use the candle's low as a stop loss. Don't Break Rules : - If signals appear on the chart, the volume indicator is showing a faint color, and the subsequent volume candle is dark, close the trade in your favor. - Avoid trading every signal as doing so will result in the loss of your capital; instead, wait for the right opportunity. - Once you are in profit, you should always trail Stoploss rather than book because it always increases your profit. I hope you enjoy trading with my signals. Message me with any questions, and I'll do my best to answer them. & Back Test it
NSE:BANKNIFTYEducation
by TradingTail
1
RSI Divergence + Demand Zone + Volume SpikeTo identify any divergence, first of all look at the current structure that the price is forming like the above case, Price is consolidating at the same place and when we look at RSI it is forming up Higher highs and Higher lows. Therefore RSI contradicts the price and this tells us that RSI doesn't support what the price is doing & is not inline with the price, so it's a bullish RSI Divergence. Also, if we look at the stock in higher time frame then the consolidation was happening at the key support level, which was another sign that the price was getting ready for breakout. Breakout with the volume is the sign to go long on the trade keeping SL below the consolidation line. This is an example of Bullish RSI divergence. Now for spotting Bearish RSI divergence the price must be forming higher highs or distributing at the same place whereas the RSI will be forming Lower highs which is an early signal that price is going against the RSI and hence we should short. That's how RSI divergence works, hope I made it simple! Enjoy Trading...
AEducation
by Vinay227
Trading the Head & Shoulders - Normal and InvertedThis Exide Industries Chart is a perfect example of a Head & Shoulders pattern moving into an Inverted Head & Shoulders pattern. In the H&S pattern, the neckline forms a crucial support level, whereas in an Inverted H&S, the Neckline forms crucial resistance. In this particular pattern, volumes have increased during formation of the Head & Right Shoulder in the Inverted H&S, thereby giving an opportunity to buy if the resistance level is broken out of.
NSE:EXIDEINDEducation
by Wolf-AD7
1