SH's 315 Strategy - how to use if effectively

[tanewbie]

Thanks!!
Seems like a mathematical calculation, Tanewbie, how about giving an actual example with Calculation steps to help people like me , a bit weak in maths understand...

NF yesterday close 5529.85

15 ema 5520.43
3 ema 5539.91
crossover point=(EMA(Close,3) * (1 / 2 - 1)-EMA(Close,15) * (1 / 8 - 1)) / (1 /2- 1 /8);

in the abv formula

3ema=5539.91
15 ema =5520.43
1/2-1= -0.5
1/8-1 = -0.88
1/2-1/8= 0.38

putting the valuesin the formula
(5539.91*-0.5-5520.43*-0.88)/0.38 =5494.46 which is close reqd for bearish crossover

regards

 

[vinst]

Thanks for your effort Vinst!! How about giving an example (actual calculation)
The figure may vary from others as I am converting RT chart to RT, but that is immaterial for this purpose!!

EMA3 on 8th June 5542.41 say 5543
EMA15 on 8th June 5520.70 say 5521

EMA3 on 7th June 5551.68 say 5552
EMA15 on 7th June 5518.93 say 5519

What other data is required to calculate the Closing price today (9th June) where EMA3 will be below EMA15? Please show the caluclations Step wise... (Asking for a lot of your time, but if comfortable please do it!!)

Please do it at leisure, no hurry...

EMA3 on 8th June 5542.41 say 5543
EMA15 on 8th June 5520.70 say 5521

Since ema3>ema15 on 8th June, we guess that NF has to fall to obtain bearish cross-over.
take 1st guess value of NF close 5500, then
ema3 on 9th june = 5500*(2/4) + 5543*2/4 = 5521
ema15 on 9th june = 5500*(2/16) + 5521*14/16 = 5518 --> No bearish crossover

Now some refining, 2nd guess for NF close 5495, then
ema3 on 9th june = 5495*(2/4) + 5543*2/4 = 5519
ema15 on 9th june = 5495*(2/16) + 5521*14/16 = 5518 --> No bearish crossover


3rd guess for NF close 5490, then
ema3 on 9th june = 5490*(2/4) + 5543*2/4 = 5516.5
ema15 on 9th june = 5490*(2/16) + 5521*14/16 = 5517--> bearish crossover

I do this in excel, but a code can also be made easily (only in language familiar to me ).

 

[rkkarnani]

EMA3 on 8th June 5542.41 say 5543
EMA15 on 8th June 5520.70 say 5521

Since ema3>ema15 on 8th June, we guess that NF has to fall to obtain bearish cross-over.
take 1st guess value of NF close 5500, then
ema3 on 9th june = 5500*(2/4) + 5543*2/4 = 5521
ema15 on 9th june = 5500*(2/16) + 5521*14/16 = 5518 --> No bearish crossover

Now some refining, 2nd guess for NF close 5495, then
ema3 on 9th june = 5495*(2/4) + 5543*2/4 = 5519
ema15 on 9th june = 5495*(2/16) + 5521*14/16 = 5518 --> No bearish crossover


3rd guess for NF close 5490, then
ema3 on 9th june = 5490*(2/4) + 5543*2/4 = 5516.5
ema15 on 9th june = 5490*(2/16) + 5521*14/16 = 5517--> bearish crossover

I do this in excel, but a code can also be made easily (only in language familiar to me ).

A really helpful post!! Thanks a lot Vinst! :clap: :clapping:

 

[rkkarnani]

With immence guidance from Vinst, I could make an Excel Sheet to calculate EMA! And by in tghe sheet by trial and error could arrive at an approximate Closing price at which the Crossover may take place!! Found a number of members trying to 'guess' the crossover point!!

Here is the link!!

https://spreadsheets.google.com/spr...cUlXeGs1SWR1LXZ1VWc&hl=en_US&authkey=CLer66sJ

 

[summasumma]

long @ 5555
CMP 5533
MTM:12 pts Loss...
3EMA over 15EMA...

long @ 5555
CMP 5522
MTM:33 pts Loss...
3EMA over 15EMA...

 

[rajesh pawar]

Everybody is trying to guess/calculate the crossover point. I have attached excel file in post no 3055 which calculates 3 and 15 ema at different closing levels for next 150 points and also indicates the cross over point (if it is within next 150 points). hope it is helpful..


http://www.traderji.com/technical-analysis/30428-shs-315-strategy-how-use-if-effectively-306.html#post555851

 

[rkkarnani]

Everybody is trying to guess/calculate the crossover point. I have attached excel file in post no 3055 which calculates 3 and 15 ema at different closing levels for next 150 points and also indicates the cross over point (if it is within next 150 points). hope it is helpful..


http://www.traderji.com/technical-analysis/30428-shs-315-strategy-how-use-if-effectively-306.html#post555851

Rajesh, Seems I overlooked your post!! Its very good!!! :clapping:
Took the trouble of asking Vinst and others about it to create an excel sheet which you had posted much beofre, but it helped me understand the concpt of EMA!

Thanks again.

 

[tanewbie]

NF below 5506.8 will be 315 sell cmp 5510

BNF below 10742.7 will be 315 sell cmp 10750

 

[sumosanammain]

NF below 5506.8 will be 315 sell cmp 5510

BNF below 10742.7 will be 315 sell cmp 10750

Good to see you active

 

[rkkarnani]

NF below 5506.8 will be 315 sell cmp 5510

BNF below 10742.7 will be 315 sell cmp 10750

Hi Tanewbie, Many are still very new here so I feel if we can mention like this :

NF : A "Close" below 5506.8 will be 315 sell cmp 5510,
(one has to wait till 3:27 to enter or reverse as per Strategy)!!

Thanks for your effort!!