Episodic pivots on INFY | stockbee


Episodic pivots on INFY

A reader asked me my opinion on INFY. Now as regular readers know the hazards of commenting on any single stock. Many times those opinion do not matter because what is important is methodology. But I sent him the following chart of INFY with episodic pivots marked on it. My studies show , further away from the episodic pivots you buy, more risky it is. In fact one of the systems I am experimenting with is to use the price move from such episodic pivots to identify possible short candidates.


Art said...

When I zoomed in on your chart I noticed telechart custom indicators in the middle and bottom panes. Somehow I've missed those in your past writings, and what I am using do not spike as yours do. Would you mind sharing those please.

Thank you

Pradeep Bonde said...

1 ( 100 * (C - C1) / C1) >= 20 AND V > 10000 AND C >= 5
2 ( 100 * (C - C1) / C1) >= 30 AND V > 3000 AND C >= 5
3 (C - C1) >= 5 AND V > 10000 AND C >= 5

These three in bottom panel in light blue color for all three
4 ( 100 * (C - C1) / C1) >= 10 AND V > 1000 AND C >= 5
5 C > C1 AND V > 5 * AVGV50.1 AND V > 3000 AND C > 5
In middle in green color

These three in bottom panel in red color
1 ( 100 * (C - C1) / C1) <= ( - 20) AND V > 10000 AND C >= 5
2 ( 100 * (C - C1) / C1) <= ( - 30) AND V > 3000 AND C >= 5
3 (C - C1) <= ( - 5) AND V > 10000 AND C >= 5
and this bearish in orange
( 100 * (C - C1) / C1) <= ( - 10) AND V > 1000 AND C >= 5
Try this.

Art said...

I'm apologize for require hand holding Paradeep. As I enter each as a custom indicator, I receive an error msg which says: "The formula must not return a boolean value for a Formula Indicator".

May I ask what I am doing wrong?

Thank you for your patience

Pradeep Bonde said...

It has to be under"percent true" not under "indicator".Try that and let me know.

Art said...

Test returns Value=False when I entered formula #1

Also on entering #2 same error msg

Pradeep Bonde said...

continue to enter all formula. For some it will be true. plus that test is for today while this formula spike is in past

Art said...

Thanks Paradeep. All entered, and appears to be working correctly as I space through various symbols. Now to learn how to use it correctly. I hadn't noticed the bottom indicators in the past.

It's repetitious to you I know (& probably frustrating to repeat yourself), but are you calling the "episodic pivots" those times when we see the spike in the middle wheel?

Thanks again for your help and patience.

Pradeep Bonde said...

Both bottom as well as middle pane. The difference is the bottom ones are more common. The middle are rare.
For example See NDAQ or HRT over their lifetime see how many you get in bottom and how many in middle pane .

Art said...

I must of turned something around. For ex. NDAQ I see 5 green spikes in the middle, 1 blue and 2 orange in the bottom. You imply I should see the opposite.

Is the green and blue looking at different time frames?

Pradeep Bonde said...

That is correct for NDAQ.
What the different scans have is different % price growth for a day. The green is 10% which is common. The blue is 20% plus or 5 dollars plus.

Art said...

You are such a patient person. For that, and your freely giving of yourself and of your knowledge, again I say Thank You.