Second if I do that what you said, what It does is, then after GU, decline will show higher number with which you dont want because PAD's main purpose is to show if money coming in or not. But if you see GU happened because money is flowing in. Which is exactly what you want to see. not decline with higher no.
And after GU obv profit booking will be there. as per your setting it will show as if money is flowing outside the market.
Can you explain what below things mean? Also what is UL? Is it higher Low? if not can you share what is LL and UL?
When MR20 is going from LL to UL trade objective is 20%+. TSL 2R.
When MR20 is going from UL to LL or chopping around that is volatile then trade objective is 10%+. TSL 1R.
Can you also share link to MM?
Thank you very much for sharing this !!
UL upper limit that is 80 and LL lower limit that is 20
When LL to UL then I am expecting follow through so 20% give little room for stock to work. TSL by 2R.
when UL to LL then I am just expecting 10% because there will be no follow through
TSL trailing stop loss by 1R.
Link is shared in blog - Click on header which is underlined.
What is CT, CD and BB , WSS, PAD??
These are the setups I trade
Continuation
Consolidation
Bottom Bounce
Weak Structure Short
A thing - Percentage Advance decline.
Sometimes due to gap up / gap down in index many time stock also do same and then real picture start
I think pad is good , but there is problem
Many time index gap up or gap down
And in that situation it misleading I guess
Because it calculation is based on previous day close
I guess if we make it from open result will be better
What's your thought
First thing I dont want to complicate things
Second if I do that what you said, what It does is, then after GU, decline will show higher number with which you dont want because PAD's main purpose is to show if money coming in or not. But if you see GU happened because money is flowing in. Which is exactly what you want to see. not decline with higher no.
And after GU obv profit booking will be there. as per your setting it will show as if money is flowing outside the market.