This Presentation shows two simple strategies of using the Investar Intraday Screener to identify intraday and short-term trading opportunities in the Indian Stock Market (NSE).
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Using the Investar Intraday Screener
1. Using the Investar
Intraday Screener &
Scan Alerts
Himanshu Patil
October 8, 2010
2. Target Audience
Day Trader
Short-
Short-Term/Swing Trader
Long-
Long-Term Trader interested in improving
entry timing
October 8, 2010
3. Prerequisites
Knowledge of Basic Technical Analysis:
– Trend Analysis
– Support/Resistance Analysis
– Find Bullish/Bearish Signals in Indicators
– Find Bullish/Bearish Signals in Candlesticks
October 8, 2010
4. How can the Intraday Screener
Help you?
Finds 32 Bullish/Bearish Technical Patterns
in 5-min charts every 5 mins.
5- mins.
Scans the entire NSE/NSE index of choice.
Great source of ideas.
Helps you “widen” your universe of
trading stocks.
October 8, 2010
5. Intraday Screener
Support/Resistance Breakouts (14 scans)
Bullish/Bearish Signals in Indicators (14
scans)
Bullish/Bearish Signals in Candlesticks (4
scans)
October 8, 2010
6. Intraday Screener
Support/Resistance Breakouts (14 scans)
– Gainers on Strong Volume (3)
– Losers on Strong Volume (3)
– New Highs (3)
– New Lows (3)
– Gap Ups/Gap Downs (2)
October 8, 2010
7. Intraday Screener
Bullish/Bearish signals in Indicators (14
scans)
– EMA (4)
– SMA (4)
– MACD (2)
– RSI (4)
– And more coming soon…
soon…
Bullish/Bearish signals in Candlesticks
(4 scans)
October 8, 2010
8. Intraday Screener
Two simple strategies
– Bullish 5-20 EMA Crossovers
– Breakout on strong volume
October 8, 2010
9. EMA Crossover Strategy
Focus on Bullish 5-20 EMA Crossovers.
5-
Analyze the Current Trend to know if it is
Downtrend or Sideways Trend.
Buy or put a watch if you find a new
intraday trend emerging.
TIP: Better if some other indicators have
also given Buy signal (e.g., RSI).
October 8, 2010
10. Volume Breakout Strategy
Volume =>Institutional Buying interest
Focus on Gainers on Strong Volume
Buy when you find a stock breaking out of
a resistance on Strong Volume
TIP: Put Scan Alerts on End-Of-Day
End-Of-
Volume Gainer stocks, because a lot of
times stocks continue gains over a few
days and you might find some gems here.
October 8, 2010
11. Interpretation of Volume
Terms
– Vol% = Today’s Volume as a % of 50-day
Vol% 50-
avg volume
– Gainers on Strong Volume (Intraday 5-5-
min)
Volume in last 5-min tick
5-
>
Average volume of last 50 5-min ticks
5-
October 8, 2010
12. Interpretation of Volume
– Gainers on Strong Volume (End-Of-Day)
(End-Of-
Volume on the last closing day
>
50-day average Daily Volume
50-
October 8, 2010
13. How do I get the screener?
EOD users will be able to enable intraday
with one or both of these add-ons:
add-
– Intraday Screener Add-On (NSE)
Add-
Intraday Scans
Intraday Scan Alerts
– Intraday Add-On (NSE)
Add-
5-min real-time data
real-
Intraday Expert Advisor
October 8, 2010