#JSTOCK INDICATOR SCANNER HOW TO#

MACD positive cross over, supertrend signal buy (Green arrows) - buy above high of signal candle Take action only when lower timeframe gives signal corresponding to higher timeframe… If following supertrend strategy either use trend following indicator like macd in same time frame or use multiple time frame combo like say 15 min - 5 min or daily - 1 hr etc. If I had entered at 9917 would have lost heavy.Īlthough Supertrend works on all timeframes, but 1 min timeframe is very impulsive of nature and might not be that concrete unless u r scalping mere paise profit with huge qty. Are there any strategies to confirm the signal? For example today on nifty futures at around 9917 there was a buy supertrend signal only to disappear and fall 70 points from there. Sometimes supertrend signal disappears after appearing on the chart.

#JSTOCK INDICATOR SCANNER HOW TO#

I was wondering if anyone has any suggestions on how to confirm a supertrend signal. How to confirm the supertrend signal Technical Analysis Difficult to trade, but rewards can be big. Big emotions are at play in the first 5 mins - when the trade goes in your direction you feel you are missing the entry, or when the trade goes against you, and you feel you have called the direction wrongly. A mistake I made was not being patient to wait for the retracement, and entering manually. This is a stock which almost always gets you in on the 61.8% retracement, with its big price swings. On two previous occasions I had my stop loss being hit when i was not watching, so i decided to keep a wider stop loss of R.20. Otherwise it is an unpredicatble stock to trade. Infibeam is susceptible to pretty big price swings intraday, so I keep a wide stop loss and a big profit target so I can exit when I want. I had a feeling today will be a down day, so I set my target exit price pretty high (RS.50, in fact). (Manually exited when profit reached 28% as I had to go out on some work.

Long Entry 1280 Exit 1285 (BO, target hit and squared off) Trade closed during the first 3 minutes. Short entry : 983 (sometime during the first 3 minutes) exit 993 at around 10 am (Manual square off since target was not hit and reversed direction. This is what happened in the last 3 days (including today)

Jstock indicator scanner