In this episode, we are going to create a multi time frame indicator. Sometimes, we want data from one TF on another timeframe. Simple example is daily pivot point. Regardless of any timeframe we are trading like 5M, 15Min, 1 hour, we always want out pivot points to be plotted based on the daily timeframe…
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OHOL Strategy In this episode, we will be scripting a Strategy for intraday traders to trade using a simple OHOL. This strategy is back-testable. So, let’s begin with the rules…. Rules Buy : We need to buy, If low price of the stock is equal to it’s open price, as this indicates buying pressure. Short :…
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How dividends are handled by mutual funds? Equity Mutual Funds primarily invest in stocks of various companies. So from time to time, the Mutual Fund can receive dividends from one or more of the companies it has invested in. The dividends received by a Mutual Fund do benefit investors even though the money is not…
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What is a dividend? And How to make best use of it? Everyone deserves reward for hardwork. After a long day’s work, there is no better reward than a nice steaming cup of tea/coffee. Likewise companies also give out rewards to those who show trust and invest in their company. This reward is called a…
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Exceptions and resets In the last episode, we discussed what is over extension, how to identify over-extension and how we can draw an aggressive trend line and once this trend line is broken, how we need to realign. But there is an exception to this rule. Over-extension and thus an aggressive trend line can be…
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How to modify our scripts without coding? A cool feature about Pine script is that we can create custom inputs to easily change the parameters of our strategies and indicators. We have discussed about this in detail in one of the earlier episodes. Let’s take it a step further now Take a look at any…
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52 Week HL Strategy In this episode, we will be scripting a Strategy for intraday traders to trade using a simple 52 Week HL. This strategy is back-testable. So, let’s begin with the rules…. Rules Buy : We need to buy, If price closes above the 52 Week High Short : We need to short, If…
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Difference between Bonus issue & Stock Split We often hear in the news that some XYZ company has announced bonus shares to its investors and some other company is going for stock split. Sometimes, we also see that whenever a company announces Stock Split or Bonus Issue, it will have an immediate impact on stock…
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OVER-EXTENSION Having explained what are the different types of trends and trend consolidation is and what criteria need to be fulfilled for each of those scenarios and how a trend changes, we can look at the concept of over-extension. As discussed in the previous episodes, we can draw two types of trendlines. · Downtrend line…
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This can be used as base for 52 Week HL Strategy and as a base for any breakout trade as well. But in this episode, we will be focussing on triggering reversal trades when a stock moves by 3%. So if a stock moves up by 3%, we will short it and viceversa. This is…
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