The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits
(1/N)
You don't need to pay someone ₹50,000 or even ₹25,000 to know CPR Indicator.
This thread will show you how...for Free.
Here's My 16-Points For Using CPR Indicator Into A Profitable System in Intraday Trading:
Thread 🧵
The CPR indicator is based on the concept of support & resistance levels. It can be used to help identify potential entries/exits
(1/N)
As per Frank,
CPR is the Swiss Army Knife of pivots, and Like the Moon, the central pivot range controls the tides of the market.
(2/N)
Pivot point (PP) = (High + Low + Close) / 3
R1 = (2 x PP) – Low
S1 = (2 x PP) – High
R2 = PP + (High – Low)
S2 = PP – (High – Low)
(3/N)
The CPR Indicator consists of 3 components:
Pivot = (High + Low + Close)/3
BC = (High + Low)/ 2
TC = (Pivot – BC) + Pivot
(4/N)
This setup gives more comfort to intraday traders.
In Tradingview, search for "Mnj-CPR" and enable these levels in settings as shown in the image.
(5/N)
By default, it will have a 'line' and it doesn't look smooth.
(6/N)
It immensely helps day traders!
Check the Nifty chart on 5-Sep-2022 in 5-min & 15-min timeframe, and CPR values are the same.
(7/N)
(8/N)
(9/N)
Hint: Short Straddle traders can take more risk 😂
(10/N)
It fails rarely. But all these rare failures display 'One Unique Behavior.'
If you find out this, it will take your trading to the next level.
This is your homework🤣🤣
(11/N)
Check the below Banknifty chart on 8-Sep-2022.
CPR is completely narrow, and the market trended on the upside (open above CPR confirms uptrend).
(12/N)
Check the below Banknifty chart on 1-Sep-2022
CPR is completely wide, and the market displayed range-bound moves for the entire day
Hint: Straddle traders can take some more risk (in case of wide CPR + Price closes inside CPR) 😂
(12/N)
It fails rarely. But all these rare failures display 'One more Unique Behavior.'
Find out this, and you will have a special edge over other traders!
This is your second homework🤣🤣
(13/N)
You can use these levels as support and resistance.
(14/N)
- Use "Daily CPR"
- Use only a 5-min or 15-min timeframe.
BTST/Swing Trading:
- Use "Weekly CPR"
- Use only a 1-Hour or 2-Hour timeframe.
(15/N)
You can watch the below video to know more!
https://t.co/5tbHLAREKR
(16/N)
You can appreciate my work by doing these simple things:
1. Follow me
@indraziths
for more threads on the stock market trading
2. RT the tweet below to share this thread with your audience
3. Read my new book about Intraday Trading
https://t.co/YCiVbk3SVC
Add the 'Pivot Points' indicator, go to settings and change the type to 'CPR'
More from Indrazith Shantharaj
"VOLUME is the ultimate Trading cheat code" PART 2
Please read the FIRST Thread Before Reading this!
https://t.co/IV1HrDlzqk
#StockMarket #stock #volumeintrading
#1 Volume Color Can Create a False Illusion
At first look, it looks like a big volume spike.
But if you notice the price candle, it has a big selling wick.
It indicates "SELLING PRESSURE" is high at that time.
We can easily avoid this false impression using the "BLACK" color code across all the volume bars.
Now your mind doesn't assume it is a bullish volume spike!
(If you don't want to use the black color, then view the chart without getting any bias based on the volume color)
#2 Analyze Each Volume Spike Carefully
In this image, the price is breaking the resistance trendline.
How do you say whether it is a genuine breakout or false breakout (from a volume perspective)?
Observe the major Volume Spikes.
A is Bullish (Price moved upside on the next day)
B is Bearish (Price fell on the next day)
C is Bearish (Price moved sideways and fell)
D is Bearish (Price fell on the next day)
So High Probability of FALSE BREAKOUT!
Please read the FIRST Thread Before Reading this!
https://t.co/IV1HrDlzqk
#StockMarket #stock #volumeintrading
VOLUME is the ultimate Trading cheat code.
— Indrazith Shantharaj (@indraziths) August 6, 2022
But, most people never use it in the right way \u2013 because no one ever taught them how.
Here are 10 psychological triggers to knowing Volume in a better way :
#1 Volume Color Can Create a False Illusion
At first look, it looks like a big volume spike.
But if you notice the price candle, it has a big selling wick.
It indicates "SELLING PRESSURE" is high at that time.
We can easily avoid this false impression using the "BLACK" color code across all the volume bars.
Now your mind doesn't assume it is a bullish volume spike!
(If you don't want to use the black color, then view the chart without getting any bias based on the volume color)
#2 Analyze Each Volume Spike Carefully
In this image, the price is breaking the resistance trendline.
How do you say whether it is a genuine breakout or false breakout (from a volume perspective)?
Observe the major Volume Spikes.
A is Bullish (Price moved upside on the next day)
B is Bearish (Price fell on the next day)
C is Bearish (Price moved sideways and fell)
D is Bearish (Price fell on the next day)
So High Probability of FALSE BREAKOUT!
More from Trading strategies
Detailed Study of Stocks that became 5X in past 2 Years
A Mega Thread🧵
Concepts :
Relative Strength
Stage Analysis
Retweet and Comment If you want to attend a live session on the same !
We have Got around 86 Stocks that became 5X in 2 years
These Belonged to various sectors and Groups
Excel Link for List of Stocks
https://t.co/jESOUM32b5
1/n
All stocks had few things in common :
Stocks doubled Before entering into Stage 2 Uptrend
52 week RS was positive in stage 2
90% stocks even gave all time high breakout after Stage 2
60 Stocks had market cap less than 1000 Cr
Examples : OLECTRA , PGEL
2/n
So What is Relative Strength ?
Relative strength is a strategy used in momentum investing and in identifying value stocks.
It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
3/n
How to Apply ?
Type
“Relative Strength”
Choose any
By bharattrader
By traderlion
By Modhelius
I use by bharattrader
In setting use 52 period
Use Weekly Chart
4/n
A Mega Thread🧵
Concepts :
Relative Strength
Stage Analysis
Retweet and Comment If you want to attend a live session on the same !
We have Got around 86 Stocks that became 5X in 2 years
These Belonged to various sectors and Groups
Excel Link for List of Stocks
https://t.co/jESOUM32b5
1/n
All stocks had few things in common :
Stocks doubled Before entering into Stage 2 Uptrend
52 week RS was positive in stage 2
90% stocks even gave all time high breakout after Stage 2
60 Stocks had market cap less than 1000 Cr
Examples : OLECTRA , PGEL
2/n
So What is Relative Strength ?
Relative strength is a strategy used in momentum investing and in identifying value stocks.
It focuses on investing in stocks or other investments that have performed well relative to the market as a whole or to a relevant benchmark.
3/n
How to Apply ?
Type
“Relative Strength”
Choose any
By bharattrader
By traderlion
By Modhelius
I use by bharattrader
In setting use 52 period
Use Weekly Chart
4/n
STOCK TRADING STRATEGIES to get started today...💸
Here are 6⃣ simple strategies which you can use if you are still struggling to trade cash stocks!
They are very simple yet very effective if you can stick to them🤓
Ready to learn?
Let's go🧵...
1⃣ CCI & Pivot based strategy to ride massive trends in stocks
Don't forget to checkout the fundamental
2⃣ Multi-time frame positional strategy based on CCI with
3⃣ Only CCI based investment strategy - You can catch massive trends in stocks with good Sales/PAT growth using this
4⃣ Tradingview code for strategy shared by @heartwon based on the long term and short term
Here are 6⃣ simple strategies which you can use if you are still struggling to trade cash stocks!
They are very simple yet very effective if you can stick to them🤓
Ready to learn?
Let's go🧵...
1⃣ CCI & Pivot based strategy to ride massive trends in stocks
Don't forget to checkout the fundamental
For 7 yrs I struggled to ride trends..
— Trendline Investor (@dmdsplyinvestor) April 30, 2022
& in 2015-17 when I started learning TA smthng crazy happened..
Here is a simple strategy that helped me..
\u2022 Identify turning points in stocks
\u2022 Find quality stocks
\u2022 Not panic & ride trends
\u2022 Finally make \U0001f4b8
CCI & Pivot Strategy\U0001f9f5.. pic.twitter.com/S0QFx00541
2⃣ Multi-time frame positional strategy based on CCI with
There are 1000s of indicators in Technical Analysis...
— Trendline Investor (@dmdsplyinvestor) May 12, 2022
But you need to MASTER ONLY ONE\U0001f3afto win in markets...
I selected 'Commodity channel index' (CCI) as my PRIMARY INDICATOR & all my scanners are a variation of this...
MULTI TIMEFRAME POSITIONAL STRATEGY using CCI...\U0001f9f5 pic.twitter.com/4O2PrBxSw9
3⃣ Only CCI based investment strategy - You can catch massive trends in stocks with good Sales/PAT growth using this
My CCI based investment strategy - How does it work? A thread.
— Trendline Investor (@dmdsplyinvestor) May 23, 2020
Objective: Identify stocks that are entering a phase of momentum on the upside and ride the stock until momentum weakens.1/n
4⃣ Tradingview code for strategy shared by @heartwon based on the long term and short term
A brilliant concept based on the long term and short term EMA by @heartwon. I'm here on twitter for such stuff that helps me build my systems. Really good one. Here is the trading view indicator that I coded. Please RT for everyone's benefit. 1/3 https://t.co/uleWiysyL1
— Trendline Investor (@dmdsplyinvestor) July 5, 2020
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He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...
... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:
Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.
Tweet: https://t.co/36FnYnsRT9
Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."
I wonder why...
Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x
Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.
Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq
He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...
... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:
Ivor Cummins BE (Chem) is a former R&D Manager at HP (sourcre: https://t.co/Wbf5scf7gn), turned Content Creator/Podcast Host/YouTube personality. (Call it what you will.)
— Steve (@braidedmanga) November 17, 2020
Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.
Tweet: https://t.co/36FnYnsRT9
Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."
I wonder why...
Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x
Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.
Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq