Queries -- 60min Flow method
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Questions on the 60min Flow Method
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» Questions on the 60min Flow Method
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THREAD LEADERS:SATYA,PUNEET
nice job prateek :) … keep it up
Keep Flowing
Saurabh
Friends
I want to open discussions on filters and its setting and effect on profits. All discussion will be on the principles and specifics will be avoided due to obvious reasons.
This is pertaining to NF only but can be extended to other securities also.
1. A few months back, NF used to trend more than 300 - 400 points one way and we used to catch the trend and add and filters used were smaller as compared to now-a days when NF is rangebound and is hardly trending more than 200 points one way. Some points are lost in pivot formation in the reverse and now we are using around 25 to 33% larger filter and that is also eating into our profits.
2. Now some thought has to be given on pegging the filters to either ATR or volatility. Or some other way?
Kindly give this a thought and lets discuss.
Thanks
Bee
Bee,
Great initiative.
Let me give my thoughts on this. You are right that NF used to trend more few months back. Now coming to the choice of filter, for a well trending security, even a small filter would be enough. The purpose of filter is to prevent triggering of false trades. So, when a security becomes volatile not in terms of the average daily range, but in terms of volatile movements up and down, we would require a larger filter.
So, in my view volatility plays a much imp role as compared to the ATR in the selection of filter.
Kapil
Agreed Kapil,
So volatility, it is. Will have to look up the literature on this — plus NSE has a handy tool now — Volatility index — which is updated daily. So lets do some research and try to link up things here.
Great
Bee
hi friends
i want to know about the time frame for 60 min flow…. is it like 5 min frm 9.55 to 10.00…. then 30 min till 10.30…. n then 60 min till 3.30…. in amibroker 4.9 this is how hourly charts are shown….. plz help me……
cheers
we trade using 60min charts, meaning all bars on the chart are 60min except 2.
The opening bar, the first bar is 5mins. then we have hourly bars until 3pm. After that, the last bar is from 3pm to 3:30 and is a 30min bar.
MJ-
/forum/t-142196/questions-on-the-60min-flow-method#post-
