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NimblrTA_Score

Page history last edited by NimblrTA 1 year, 9 months ago

NimblrTA is used to identify the score of a stock.

Following information is taken into account for score calculation:

  • Daily / Weekly / Monthly chart data
  • CCI(8) and CCI(34) for D/W/M charts
  • EMA 5/21/55 for D/W/M charts
  • Alignment weightage on (D/W/M)
  • Momentum weightage on (D/W/M)
  • Reversals on any time frame (D/W/M)
  • Retracements on any time frame (D/W/M)
  • EMA Factor weightage on (D/W/M)
  • Strength Factor on (D/W/M) 


The process of score calculation is as described below:

CMP, EMA 5, EMA 21, EMA 55, CCI(8), CCI(34) on D/W/M charts forms the base data on which rest of the parameters depend.

Momentum: Weights are 2/3/5 for CCI(D/W/M) respectively.
This means a stock with CCI(34) > 100 on D is awarded 2, a stock with CCI(34) > 100 on W is awarded 3, a stock with CCI(34) > 100 on M is awarded 5.

Alignment: Weights are 2/3/5 for EMA(D/W/M) respectively.
This means a stock with CMP>EMA5>EMA21>EMA55 on D is awarded 2, a stock with CMP>EMA5>EMA21>EMA55 on W is awarded 3, a stock with CMP>EMA5>EMA21>EMA55 on M is awarded 5

Example:
If CMP>EMA5 AND EMA5>EMA21 AND EMA21>EMA55 on D stock is awarded 2
If CMP<EMA5 AND EMA5<EMA21 AND EMA21<EMA55 on D stock is awarded -2
Else stock is awarded 0

If CMP>EMA5 AND EMA5>EMA21 AND EMA21>EMA55 on W stock is awarded 3
If CMP<EMA5 AND EMA5<EMA21 AND EMA21<EMA55 on W stock is awarded -3
Else stock is awarded 0

If CMP>EMA5 AND EMA5>EMA21 AND EMA21>EMA55 on M stock is awarded 5
If CMP<EMA5 AND EMA5<EMA21 AND EMA21<EMA55 on M stock is awarded -5
Else stock is awarded 0

Reversal: Weights are 8/5/3 for Reversal(D/W/M) respectively.
Reversal is dependent on alignment (which is the primary indicator).
On a fresh alignment ({n} and {n-1} days comparison) the stock is awarded.


Example:
If alignment on (n-1) day is false AND n day (today) is true on D charts, stock is awarded 8.
If alignment on (n-1) day is false AND n day (today) is true on W charts, stock is awarded 5.
If alignment on (n-1) day is false AND n day (today) is true on M charts, stock is awarded 3.
If alignment on (n-1) day is true AND n day (today) is false on D charts, stock is awarded -8.
If alignment on (n-1) day is true AND n day (today) is false on W charts, stock is awarded -5.
If alignment on (n-1) day is true AND n day (today) is false on M charts, stock is awarded -3.

Retracement: Weights are 8/5/3 for Retracement(D/W/M) respectively.
Reversal is dependent on momentum (CCI8 and CCI34 which are the primary indicators).

Example:
If (cci8_d<-175 AND (cci34_m>100 OR cci34_w>100)), Retracement on D charts is awarded 8.
If (cci8_w<-135 AND cci34_m>100), Retracement on W charts is awarded 5.
If (cci8_d<-175 AND cci8_w<-135 AND cci34_m>100), Retracement on M charts is awarded 3.
If (cci8_d[17]>175 AND (cci34_m<-100 OR cci34_w<-100)), Retracement on D charts is awarded -8.
If (cci8_w[17]>135 AND cci34_m<-100), Retracement on W charts is awarded -5.
If (cci8_d[17]>175 AND cci8_w>135 AND cci34_m<-100), Retracement on M charts is awarded -3.

EMA Factor: Weights are 5/3/2 for 0-2,2-4,4-6 range.
EMA Factor is dependent on alignment (which is the primary indicator).


Example:
For TGC:
Value of [(EMA5-EMA21)/(EMA21-EMA55)] is considered.
If the value is in 0-2 range on D/W/M it is awarded 5
If the value is in 2-4 range on D/W/M it is awarded 3
If the value is in 4-6 range on D/W/M it is awarded 2

For TDC:
Value of [(EMA55-EMA21)/(EMA21-EMA5)] is considered.
If the value is in 0-2 range on D/W/M it is awarded -5
If the value is in 2-4 range on D/W/M it is awarded -3
If the value is in 4-6 range on D/W/M it is awarded -2

It indicates how the EMA are placed, did they just start to converge after alignment.

 

Strength Factor: Weights are 5/3/2 for Strength Candle(D/W/M) respectively.

 

Strength candle is valid if the Body Height >50%of Candle Height

 

If BH>50%CH candle and Close >Open on D, the stock is awarded 5

If BH>50%CH candle and Close >Open on W, the stock is awarded 3

If BH>50%CH candle and Close >Open on M, the stock is awarded 2

 

If BH>50%CH candle and Open > Close on D, the stock is awarded -5

If BH>50%CH candle and Open > Close on W, the stock is awarded -3

If BH>50%CH candle and Open > Close on M, the stock is awarded -2

  

NimblrTA Score is addition of all above values. 

 

Calculate NimblrTA Score:
score=alignment_d + momentum_d + retracement_d + alignment_w + momentum_w + retracement_w + alignment_m + momentum_m + retracement_m + reversal_d + reversal_w + reversal_m + ema_factor_d + ema_factor_w + ema_factor_m + strength_factor_d + strength_factor_w + strength_factor_m

 

#INFY and #HINDUNILVR got additional points for reversal (Fresh alignment - TGC)

 

 

NimblrTA EOD Screener Results and Score co-relation:

 

RRG Implementation based on NimblrTA Score:
The concept of NimblrTA is extended to calculate the scores for NIFTY50 stocks each day and use RRG to indicate their placements w.r.t. scores obtained.
Link to understand RRG Basics: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:rrg_charts

 

Below is an example of RRG posted on twitter each day.

 

Link: http://kkonline.org/screener/rrg.php

 

 

Each quadrant has a score, stock name and an arrow

Up arrow ↑ indicates score has increased w.r.t. (n-1) day.

Down arrow ↓ indicates score has decreased w.r.t. (n-1) day.

Sideways arrow ↔ indicates score remained same w.r.t. (n-1) day.

The symbol ♠ in front of INFY in this example indicates that it freshly moved to Quadrant 1 w.r.t. (n-1) day, implies it was in another quadrant on n-1 day and on n day it moved to Q1. 

 

The below RRG for INFY shows the co-relation of the special symbol ♠ and it meaning, where INFY moved from Quadrant 2 (sequence number [12] on 05/07/2018) to Quadrant 1(sequence number [13] on 06/07/2018)

 

RRG For a particular stock: http://kkonline.org/screener/rrg_stock.php?stock=SUNPHARMA

You can replace SUNPHARMA with any NIFTY symbol to get it's daily tracking w.r.t. RRG

This indicates the stock, score on the respective dates and it's placement w.r.t RRG

The number in the square brackets are to indicate the sequence of events, (highest is the latest), in this example [12] is latest data as on 06/07/2018.

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