#NiftyIT index on daily TF - nearing the resistance area. A nice bullish rejection from 34 EMA last week. This is why I generally love trading with 34 EMA.
@shivaji_1983 @blisstrades @pradytrader1 @ameethvorra @ChartingG @sortingthings @rvgandhi
More from DTBhat
#BearishMomentumScanner
Conditions -
1) EMA 8 below ema 34 and falling
2) bar close below prev 5 bars
3) RSI below 30
4) volume above prev 5 bars
5) ADX above 30
6) +DMI below -DMI
All conditions should be true
Conditions -
1) EMA 8 below ema 34 and falling
2) bar close below prev 5 bars
3) RSI below 30
4) volume above prev 5 bars
5) ADX above 30
6) +DMI below -DMI
All conditions should be true
The thread explains my momentum scanner and how to build it in #TradePoint software. @Definedge
— DTBhat (@dtbhat) August 29, 2021
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
More from Screeners
How was the trap set in USA Small-Cap index
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc