Trading according to Karthiks strategy..

[Xitij]

rkkarnani, where are you!? Thanks for your note. I am unable Your suggestion on method to trade adanient is outstanding. Have traded 500 shares daily in cash ! Have some small doubts and wish to clarify them before I jump into trading adanient futures. As you had said, its only for Senior Citizens and its also strictly between you and me, I am not detailing my doubts here. Writing in this thread is solely becoz half of your suggestion is almost like ATP and also your PM is probably full ! ATP is good too as you said , but no one posts the levels regularly here ! So feel your strategy easier for me to trade.

 

[ambarish123]

friday adani was not so nice...bad girl adani

 

[Xitij]

friday adani was not so nice...bad girl adani

Why? It gave its usual return of Re1/- in cash! It was long above 1PM bar and in the very next bar it moved by a Rupee!
Again it was long above 2:15 bar which took some time to give a rupee! I traded only the first one and not the second.
As per a call from rkkarnani had gone long in Adanient futures > 216.80 ~9:50 AM and got a rupee by 11, and then a short below 217.70 at ~ 11 AM and got a Re. very quick. He gave another call around 1 or 1:15 for a long but by then I had seen the levels were ready for a long as per Karthik's ATP so took that trade !
rkk had tried to explain the "why" for these calls but being very raw in Technicals am unable to follow. He even sent a chart but still all went over the head ! It becoz of this lack of understanding I seek Trade levels on these threads !

 

[Xitij]

Karthik, I am so happy to let you know that I have donated a small amount to :

VVKI-Tribal Welfare

All credit to you and others here who have been of immense help in so many ways.

 

[karthik_sri]

Karthik, I am so happy to let you know that I have donated a small amount to :

VVKI-Tribal Welfare

All credit to you and others here who have been of immense help in so many ways.

Thank u so much to have such mindset to give from your earning!:clap::clapping:

 

[ambarish123]

this is how my chart looks

 

[ethan hunt]

Best Way to Calculate ATP both for Cash & Futures is by the AFL by Mr. Ambarish , which is available in the link below:

http://www.traderji.com/technical-a...according-karthiks-strategy-3.html#post748070

If you add a line like this at the end of the AFL

CrntBarATP=SelectedValue(ATP);
Plot(CrntBarATP,"CrntBarATP",ColorATP,styleThick);

It will draw a line on the ATP of the bar selected, which will be helpful in tracking next day's scrip movement.

Is it possible to tweak AFL so that it plots yesterdays ATP on todays real time intraday (5 min, 15 min) charts ?

 

[rkkarnani]

Is it possible to tweak AFL so that it plots yesterdays ATP on todays real time intraday (5 min, 15 min) charts ?

I dont use Ami, so maybe I am wrong, but common sense tells me that its not possible for one simple reason that Amibroker does not "calculate" yesterday's ATP ! We find it from the NSE or other site. I dont know what value is Ambarish using for ATP !

Though not useful for Historical analysis but for RT trading all you have to do is plot a line at ATP at the start of the market.

I have not checked it but the value derived from previous days OHLC/4 or HLC/3 should also work as effectively as ATP (though these values differ a little from the ATP value we find on NSE) and this value of average of OHLC or HLC , I am sure can be plotted by Amibroker in todays RT 5 minutes chart as I am able to do it in Metastock.

 

[ethan hunt]

I dont use Ami, so maybe I am wrong, but common sense tells me that its not possible for one simple reason that Amibroker does not "calculate" yesterday's ATP ! We find it from the NSE or other site. I dont know what value is Ambarish using for ATP !

Though not useful for Historical analysis but for RT trading all you have to do is plot a line at ATP at the start of the market.

I have not checked it but the value derived from previous days OHLC/4 or HLC/3 should also work as effectively as ATP (though these values differ a little from the ATP value we find on NSE) and this value of average of OHLC or HLC , I am sure can be plotted by Amibroker in todays RT 5 minutes chart as I am able to do it in Metastock.

Here I have assumed that ATP from ambarish's AFL is good to trade. In such a case is it possible to tweak the AFL ?

Maybe later we can fine tune AFL to get ATP as close as possible to NSE value.

Manually plotting for a 2-3 stocks is OK but for more we need some automation in order to shortlist.

 

[ambarish123]

atp is nthin but floor pivots,dude ethan here you go,and drop the mister

_SECTION_BEGIN("Floor pivots");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +"
{{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));

Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );

H1=SelectedValue( TimeFrameGetPrice( "H", inDaily, -1 ));
L1=SelectedValue(TimeFrameGetPrice( "L", inDaily, -1 ));
C1=SelectedValue(TimeFrameGetPrice( "C", inDaily, -1 ));

/*PIVOT Calculation*/
p = ( H1+ L1 + C1 )/3;
s1 = (2*p)-H1;
r1 = (2*p)-L1;
s2 = p -(H1 - L1);
s3 = S1 - (H1-L1);
r2 = p +(H1 - L1);
r3 = R1 +(H1-L1);

Plot (p,"Pivot",25,1);
Plot (r1,"R1",12,1);
Plot (r2,"R2",12,1);
Plot (r3,"R3",12,1);
Plot (s1,"S1",3,1);
Plot (s2,"S2",3,1);
Plot (s3,"S3",3,1);
_SECTION_END();
[code]