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Drummond Geometry analysis |
opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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Post: #1  Posted: Sun Jan 15, 2012 2:43 pm Post subject: Drummond Geometry analysis |
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Seemingly simple though quite a potent method to identify trend. Very much like Moving averages though the output is more dramatic and useful I feel. When the dots are horizontal then market is not trending and one should keep out. When dots are trending in one direction, follow them. Quite effectively the change in direction of the dots indicate change in direction.
Highly recommended and would come up with few more scrips besides nifty. Particularly in scrips where volatility are high it would be immensely useful (such as Natural Gas). Currently only EOD patterns given since lesser TFs not readily available in data format.
Regards,
Oppo |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #2 Posted: Sun Jan 15, 2012 4:37 pm Post subject: |
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Opportunist: yes, very nice Nifty chart, we can clearly identify trend but WHAT are these dots and how are they constructed?
and why you cannot give intra day chart? even historical intra day charts are available for top 500+ nifty in j charts premium
Regards, Prakash Holla |
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opportunist
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Joined: 27 Apr 2010
Posts: 356
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| Post: #3 Posted: Sun Jan 15, 2012 6:38 pm Post subject: |
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| pkholla wrote: | Opportunist: yes, very nice Nifty chart, we can clearly identify trend but WHAT are these dots and how are they constructed?
and why you cannot give intra day chart? even historical intra day charts are available for top 500+ nifty in j charts premium
Regards, Prakash Holla |
For intraday I need ohlc values, not just charts. Of course from charts one can do but it is laborious to first jot down the values first. |
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ajayhkaul
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Joined: 18 Jun 2009
Posts: 866
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| Post: #4 Posted: Sun Jan 15, 2012 7:41 pm Post subject: |
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How do the results compare with psar ?
How teachable is this ? Pls share |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #5 Posted: Sun Jan 15, 2012 10:32 pm Post subject: |
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Opportunist: please post this chart more often till we can ourselves construct the diamond points AND also please explain the procedure
Is there any source like text book where we can learn (like Hull/ Murphy?)
Thanks in advance and regards Prakash Holla |
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jyothi2011
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Joined: 10 Oct 2011
Posts: 81
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| Post: #6 Posted: Mon Jan 16, 2012 12:08 am Post subject: drummond formula |
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| the formula for pl dot is PLdot= {Avg[H(1),L(1),C(1)] + Avg[H(2),L(2)C(2) + Avg[H(3),L(3),C(3)]] / 3 hope i am right pls correct if i am wrong |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #7 Posted: Mon Jan 23, 2012 9:35 am Post subject: |
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| Educomp downtrend |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #8 Posted: Mon Jan 23, 2012 9:38 am Post subject: |
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| Reliance uptrend on daily TF. Good omen for Nifty too. |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #9 Posted: Mon Jan 23, 2012 9:46 am Post subject: |
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| Nifty still bullish. May rise because of reliance |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #10 Posted: Mon Jan 23, 2012 1:29 pm Post subject: |
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| Drummond is a multi-timeframe strategy. single timeframe is not sufficient, i think (as per old memory) |
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