🥊Candle "Wicks" have their own story to tell🥊

@ every timeframe, its like a boxing match between the buyers and sellers.
Candle Body (🟩/🟥) tells who won the round

What about the Wicks?
They do tell a story.. read on..

#StockMarket #sharemarket
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Thread on Average True Range (ATR)

- J. Welles Wilder created the ATR back in 1978

- ATR measures the volatility of the instrument

- Direction cannot be ascertained by using ATR

- Min/Max : 0 to 100

- Handy tool to measure volatility caused by Gap up/downs

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The formula for ATR is

Average of True Range = avg( max[(high - low), abs(high - previous close), abs (low - previous close)], length)

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Usage 1 : Volatility Regime Filter

Periods of High and Low volatility can be identified by a slow and fast ATR crossovers.

In high vol regimes, the fast ATR is above the slow ATR and vice versa for low vol

ATR crossover cannot be used to go long or short!!

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Usage 2 : Mean Reversion

Extreme price movements are followed by reverting to the mean (equilibrium price). ATR bands can be plotted on chart to identify such extremities and take high probability mean reversion trades

Complementing indicators are stochastics, RSI

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Usage 3: Pyramiding Strategy

Legendary trader Richard Dennis borrowed $1,600 and made $350 million in 6 years

The concept around his Turtles trading strategy revolves around Pyramiding, Position Sizing and Risk Mngmnt calculated with ATR

Below is a example of pyramiding

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For traders who are fond of moving averages, Here are some practical pointers:
1. Get rid of the shorter term moving average completely in case of crossovers (unless its 5 period or less, or used for smoothing data)

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2. Considering moving to Moving Average Bands
- baseline with high and low
- baseline with ATR bands
-baseline with STDev bands (Bollinger)

my chart study with moving average is like this👇

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3. Avoid trades on a moving average crossover (unless its long term averages used for direction bias)

Below are the trades from a 3x5 moving average crossover system

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Thread on INDICATOR DUPLICATION

We usually try our hands with some of the well known indicators to see if they have an edge.

But the fact is that most indicators are based of the humble...you guessed it.. MA

Lets see this with famous ones : RSI, Wil %R, CCI, PSAR, MOM, ROC

RSI, William %R 50 level crosses coincide with 14 MA crossovers

CCI, Momemtum crosses coincide with 14 MA crossovers

PSAR, ROC crosses coincide with 14 MA

MEGA Thread on Moving Averages 🧵👇

In this thread, we will cover a lot of ways in which moving averages can be calculated

Goal of the thread is not to find the best MA but to explain the concept behind
I am sure you will find new ones on the list!

Lets start!
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Simple Moving Average (SMA)

A SMA is a sum of past N values of PRICE divided by N

A SMA looks like below on the chart and is basis for more than 50% indicators out there (50% indicators show more or less same info as a SMA)

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Exponential Moving Average (EMA)

The EMA places priority to price values that are recent. This enables it to be responsive compared to SMA.

Hints:
- Use it if you need a responsive MA
DEMA, TEMA are application of EMA over EMA to make it more responsive.
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Weighted Moving Average (EMA)

The WMA is similar to placing priority to recent price changes. Its smoother because it adds weights rather than price fraction.

Hints:
- Jitteriness of EMA can be avoided with using WMA
- VWMA adds volume component to calculation

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Hull Moving Average (HMA)

Perhaps the most elegant moving average and very smooth to look at.

HMA has reduced lag and also very responsive to price change.

Sudden price changes induce a overshoot which is rectified by the Jurik Moving Average (JMA)

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Happy Diwali everyone 🙏!

Here is a #TradingView example that calc ideal position size for your acc. size and max risk

The position is volatility adj. (⏫vol,⏬pos size)
Am sure you will see immediate results if you follow this position mgmt. concept

RT,❤️& DM for the script!

Inputs:
1. Max Account value
2. Max Risk
3. Long / Short
4. ATR based SL and TP targets

Output:
1. SL and TP price targets
2. Max CASH and FUT positions allowed
4. Risk/Reward Ratio

Kolaru Pathigam-Thevaram hymn composed by ThiruGnana Sambandar- #Thread

In Tamil Kol means planets,Aru means cut- set of songs in Kolaru Pathigam addresses all Navagrahas& last 2 lines of every song with end a plea to Bhagwan Shiva to reduce/erase the ill effects of Navagrahas

கோளறு பதிகம் - This pathigam was sung by Thirugnana Sambandar at Thirumaraikadu Kshetram -Vedaranyam,Tamilnadu

Thirugnana Sambandar & Appar(Thirunavukkarasar) travelled together to various Shiva Alayam to spread shivam & bhakti among people.They both reached Thirumaraikadu.

Thirumaraikadu(Vedaranyam) -
Appar & Sambandar were asked to enter the temple through side entrance.The main door was locked by Vedas many years ago.Appar&Sambandar sang devotional hymns praising Shiva, after which the gates opened & closed.After which main door opened for all.

After darshan of Bhagwan Shiva at Thirumaraikkadu,Sambandar received a message to travel to Madurai.
During that time, Samanam was on the rise in the Pandya Kingdom.The Pandya King converted to Samanam.The Queen Mangaiyarkkarasi was a staunch Shiva devotee and was upset.

Kularchirai Nayanar ,Chief Minister of Pandya kingdom was in agony by the turn of events.Queen requested Kulachirai Nayanar to escort Thiru gnana Sambandar to Madurai.Kularchirai Nayanar met Thiru gnana Sambandar at Thirumaraikkadu & requested him to visit Madurai.

FEW USEFUL CHARTINK SCANNERS :

This Scanner will be More than Enough for any Swing / Positional Trader to find Good Stocks.

Few Important Chart ink Scanners which can help you to find Setups and boost up your Trading Account : 🧵

Do Retweet If you If it Useful

1. Momentum Stocks

This Scanner can be helpful for Short term Swing Trades . you can easily find Stocks which are in Momentum.

Stocks which are up by 20 % in 5 Days
Stocks which are up by 30 % in 30 Days
Stocks which are up by 30 % in 30 Days

2. Volume Spike

We always Look for Price and Volume Confirmation for Breakout Trading. This scanner will help you to find the Stocks Which has given a move with Good Volume . You can keep this Stock in Radar and catch the Next move in them :

3 . Reversal Scan

Stocks which are Down by 20 % + in 5 days

When Market Corrects for sometime , You can find Stocks where selling is Exhausted and they can make a Good Reversal move .

4. Reversal Scan - Stock Down continues 5 days .

If you Know the Concept of 3-5 Days move . you might catch few stocks from this scanner. Always try and Pick stocks which are in strong momentum , you have more Chances of Getting Right in Reversal Trade.

Guruvayur Sri Krishna & Coconut with Horns.
#Krishnaleela
#Bhakthi
🕉
We’ve all grown up listening to stories of Shri Krishna. This one is a famous story of Shri Krishna in Guruvayur Temple, also called Dakshina Dwaraka.

There lived a villager who planted coconut saplings and had promised that he would offer the 'first coconut' from each of his coconut trees to "Guruvayurappan". When the trees started to yield coconuts, he collected the first coconut from all the trees in a sack 👇

and set forth to Guruvayur.

On the way he was stopped by a robber who asked all the items in the sack. The villager told the robber that the coconuts in the sack belonged to Guruvayurappan and so he was unable to hand it over.
@SriramKannan77 @Jayalko1

The robber with anger asked the villager "Is Guruvaurappan's coconut any different? Does it have horns ?".
Saying so the robber pulled the sack forcefully out of the villager's hand, and coconuts came out..👇

To their astonishment each and every coconut in the sack had horns! Even today, the coconut with horns are displayed in the temple for devotees to see.

Below Picture is not original, as we cannot take photos inside temple.
Hare Krishna
Guruvayurappa
🕉🕉🕉🕉🕉
Shubham

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