The thread explains my momentum scanner and how to build it in #TradePoint software.
@Definedge
Conditions :
1)EMA 8 above EMA 34 and rising
2)Candle close above previous 5 candle high
3) RSI above 60
4) Volume above previous 5 candles
5) ADX above 30
1/n

Select Double Moving Average 8 and 34
2/n

Under Patterns select Close Above Prev Bars
3/n

Qualify the candle close
4/n

RSI above 60
5/n

A small multi time frame system to identify stronger stocks based on RSI/SuperTrend/EMA
@Definedge
Conditions:
a) RSI > 55 < 70 in daily
b) RSI > 60 in weekly/monthly
c) Candle close above SuperTrend(10,3)
d) Candle close above 200EMA in daily and 34EMA in weekly/monthly
+

I have published these scanners in TradePoint Web of @Definedge. These scanners can also be developed in TradePoint Desktop.
1) Run these scanners on Multi Time Frame Scanners
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Save the qualified candidates (score above 2) to a group for doing further analysis.
+3

Run FusionMatrix on this group to check stronger candidates, Sort on RS-Ranking score and select top candidates. Look for long entries based on your favorite systems.
+4

One example #TATAELXSI on daily charts
RS chart bullish ABC pattern and in Price chart probable bear trap and bullish ABC
(bullish divergence between price and RS charts also)
+5

This thread will briefly explain my stock selection process for trading

1) At EOD, short list stocks which are in bullish formations or bullish patterns on higher box sizes or time frames. On monthly and weekly time frames or 1% 2% and 3% box sizes
2/n

2) from this, short list stocks that are probable breakout candidates. Here I look for follow through to bullish patterns like super pattern , 💯 pole, turtle Breakout , rare occurrence , bear traps etc
3/n

3) From this list check relative strength against nifty 50 and short list stronger candidates.
Check for price and volume breakouts in candlestick charts on daily timeframes for confirming the momentum
4/n

There are many ways to achieve this. I have built a system in TradePoint from @Definedge for short listing the candidates. I run fusion matrix to find stronger candidates. The idea for this got from one of the weekly newsletters of @Definedge .
5/n

For finding momentum , developed a system in OHLC charts where I check for price and volume breakout for last 5 days, some EMA checks and RSI levels, supertrend etc

Developed a Heikin-Ashi scanner for bearish reversals. Today's outputs and two charts attached.
2 conditions for reversal -
a) HA doji at prev candle and open=high at current candle
b) Open=Low at prev candle and Open=high at current candle
Filter added - disparity indx on 21 EMA

#ADANIENT futures new rockets launched to keep the satellite in orbit 😁😁
#ABC pattern

#JUBLFOOD futures on short term charts 0.25% boxsize #FAST @Definedge

breakfast at Jharkhand ?

Anatomy of a trade.
@blisstrades

#TataSteel futures on short term charts.
1) Entry at Anchor Column FT which is also a FT to bear trap (prompted by a scanner) SL immediate DBS.
2) Momentum scanner and chart suggesting momentum in the stock

1/3

3) Look for pyramidding opportunities on pullback and reversal. Here pullback-scanner gave 123 pullback bullish prompt with immediate DBS as SL for added qty.
4) SL hit for add-on qty and it turned out to be another bear trap.
2/3

5) Momentum scanner and charts showing huge strength. Decided to carry the originally entered qty as positional.
3/3

#Mindtree futures on intraday charts (0.25% X 3) - observe the PMOX indicator - This stock is in bull grip

#SBIN futures in intra day charts, call writers at 400 and 410 strikes not giving up yet , almost no change in OI. Major sideways movement as seen on 0.25% chart.
@ap_pune had covered this in his recent weekly option talk.
@Definedge

#HDFC futures - on short term charts - another excellent trade with very low risk (entry at 123 pullback bullish)

#RELIANCE futures and 2060 CE trades @PRANAV_DOSHI
#

#LTTS futures on intra day charts - #OneBigTrade #FAST - Trade based on simple anchor column follow-through DTB @Definedge

#TataPower on daily charts - a breakout above 126 will be very interesting. It is bullish on higher boxsizes and has given a reversal after a pullback on lower boxsize. Price charts and RS charts self-explanatory

#BANKNIFTY futures on short term charts 0.15% - interesting pattern
@Prashantshah267 @Definedge

#IRCTC futures on short term charts
what a fantastic trade!!!

- our favorite pattern - bear trap in a bullish ABC

#WeekendStudy This week did RS study of 2 of my banking stocks #KotakBank and #HDFCBank
1) Took out a RS matrix of banking stocks with Nifty 50 as denominator on 1% boxsize for medium term
2) Both these stocks are at the bottom

Will implement the shift next week

1/3

Two stocks which looks attractive are #SBIN and #ICICIBANK
RS chart of ICICBANK vs Kotakbank - says shift to ICICIBank 2/3

#HDFCBANK futures on short term charts #OneSmallTrade #LowRisk #StrikeBack

#IRCTC futures - our friend in ban-period @flyingvikas129

@shivaji_1983 Here is P&F charts for short term, medium term and long term - very interesting
- on short term probable ACFT
- on medium term bear trap and bullish ABC pattern / bearish momentum in PMOX became overbought quickly
- multi year BO above 1939 on 4%