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Levels Using daily volitality |
vids
White Belt
Joined: 12 Mar 2010
Posts: 102
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Post: #1  Posted: Tue Jan 04, 2011 7:43 pm Post subject: Levels Using daily volitality |
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Hi….
Here is a method to calculate levels for next trading session using todays close and daily volatility.
Ketangosar had explained once in SB but i have made changes and using spot values.
The data needed for calculations are – the Spot closing value AND Daily volatility value.
You can find daily volatility on http://www.nseindia.com/
- Go to F&O / Market today / Daily volatility.
- For historical value check archives.
Now for example we will take Nifty Spot closing value for 3rd jan 2011 – 6157.60
And the volatility on 3rd jan 2011 - 0.91795
Calculations
(a) 6157.60 x 0.91795 % = 56.52
(b) 56.52 x 10% = 5.652
(c) 56.52 – 5.652 = 50.87
Assuming the volatility remains same for next session the high should be 6157.60 + 50.87 = 6208.47 and the low should be 6157.60 – 50.87 = 6106.73.
Now we have the full range and can calculate the intermediate and further levels using Fibo retracement.
Fibo retracement using 6157.60 (close) and 6208.47 ( calculated high)
0% 6157.6
61.8% 6189.03
100% 6208.47
161.8% 6239.90
Fibo retracement using 6157.60 (close) and 6106.73 (calculated low)
0% 6157.6
61.8% 6126.16
100% 6106.72
161.8% 6075.29
This method can also be used to calculate levels for stocks.
If someone can refine more or add their findings related to this method pls do so.
Regards,
Vidyanand. |
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vids
White Belt
Joined: 12 Mar 2010
Posts: 102
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| Post: #2 Posted: Wed Jan 05, 2011 9:22 am Post subject: |
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Levels for 5th Jan 2011
161.8% 6226.105808
100% 6195.642836
61.8% 6176.812973
0% 6146.35
61.8% 6115.887027
100% 6097.057164
161.8% 6066.594192 |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #3 Posted: Wed Jan 05, 2011 3:16 pm Post subject: Re: Levels Using daily volitality |
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| vidyanand_m wrote: | Hi….
Here is a method to calculate levels for next trading session using todays close and daily volatility.
Ketangosar had explained once in SB but i have made changes and using spot values.
The data needed for calculations are – the Spot closing value AND Daily volatility value.
You can find daily volatility on http://www.nseindia.com/
- Go to F&O / Market today / Daily volatility.
- For historical value check archives.
Now for example we will take Nifty Spot closing value for 3rd jan 2011 – 6157.60
And the volatility on 3rd jan 2011 - 0.91795
Calculations
(a) 6157.60 x 0.91795 % = 56.52
(b) 56.52 x 10% = 5.652
(c) 56.52 – 5.652 = 50.87
Assuming the volatility remains same for next session the high should be 6157.60 + 50.87 = 6208.47 and the low should be 6157.60 – 50.87 = 6106.73.
Now we have the full range and can calculate the intermediate and further levels using Fibo retracement.
Fibo retracement using 6157.60 (close) and 6208.47 ( calculated high)
0% 6157.6
61.8% 6189.03
100% 6208.47
161.8% 6239.90
Fibo retracement using 6157.60 (close) and 6106.73 (calculated low)
0% 6157.6
61.8% 6126.16
100% 6106.72
161.8% 6075.29
This method can also be used to calculate levels for stocks.
If someone can refine more or add their findings related to this method pls do so.
Regards,
Vidyanand. |
(b) 56.52 x 10% = 5.652
Hi,
Why 10% have u taken why not 9% or any other number ? plz explain.
regards, |
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vids
White Belt
Joined: 12 Mar 2010
Posts: 102
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| Post: #4 Posted: Wed Jan 05, 2011 3:58 pm Post subject: Re: Levels Using daily volitality |
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Hi sherbaaz,
For 10% (point b) i am not sure .... but may be due to the unit - in which the daily volatility values are published.
Basically as mentioned this method was explained by ketangosar using future values,
i experimented with spot values and retracement which were giving good results... hence posted in the forum...
If someone can refine more or add their findings related to this method pls do so.
Thanks n Regards,
Vidyanand.
| sherbaaz wrote: | | vidyanand_m wrote: | Hi….
Here is a method to calculate levels for next trading session using todays close and daily volatility.
Ketangosar had explained once in SB but i have made changes and using spot values.
The data needed for calculations are – the Spot closing value AND Daily volatility value.
You can find daily volatility on http://www.nseindia.com/
- Go to F&O / Market today / Daily volatility.
- For historical value check archives.
Now for example we will take Nifty Spot closing value for 3rd jan 2011 – 6157.60
And the volatility on 3rd jan 2011 - 0.91795
Calculations
(a) 6157.60 x 0.91795 % = 56.52
(b) 56.52 x 10% = 5.652
(c) 56.52 – 5.652 = 50.87
Assuming the volatility remains same for next session the high should be 6157.60 + 50.87 = 6208.47 and the low should be 6157.60 – 50.87 = 6106.73.
Now we have the full range and can calculate the intermediate and further levels using Fibo retracement.
Fibo retracement using 6157.60 (close) and 6208.47 ( calculated high)
0% 6157.6
61.8% 6189.03
100% 6208.47
161.8% 6239.90
Fibo retracement using 6157.60 (close) and 6106.73 (calculated low)
0% 6157.6
61.8% 6126.16
100% 6106.72
161.8% 6075.29
This method can also be used to calculate levels for stocks.
If someone can refine more or add their findings related to this method pls do so.
Regards,
Vidyanand. |
(b) 56.52 x 10% = 5.652
Hi,
Why 10% have u taken why not 9% or any other number ? plz explain.
regards, |
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #5 Posted: Wed Jan 05, 2011 5:58 pm Post subject: Re: Levels Using daily volitality |
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| vidyanand_m wrote: | Hi sherbaaz,
For 10% (point b) i am not sure .... but may be due to the unit - in which the daily volatility values are published.
Basically as mentioned this method was explained by ketangosar using future values,
i experimented with spot values and retracement which were giving good results... hence posted in the forum...
If someone can refine more or add their findings related to this method pls do so.
Thanks n Regards,
Vidyanand.
Hi,
Thanks for quick reply. I got it, its for calculating 10 days historically volatility. u can change it to any number like 6 for 6 days which is also popular.
Regards,
| sherbaaz wrote: | | vidyanand_m wrote: | Hi….
Here is a method to calculate levels for next trading session using todays close and daily volatility.
Ketangosar had explained once in SB but i have made changes and using spot values.
The data needed for calculations are – the Spot closing value AND Daily volatility value.
You can find daily volatility on http://www.nseindia.com/
- Go to F&O / Market today / Daily volatility.
- For historical value check archives.
Now for example we will take Nifty Spot closing value for 3rd jan 2011 – 6157.60
And the volatility on 3rd jan 2011 - 0.91795
Calculations
(a) 6157.60 x 0.91795 % = 56.52
(b) 56.52 x 10% = 5.652
(c) 56.52 – 5.652 = 50.87
Assuming the volatility remains same for next session the high should be 6157.60 + 50.87 = 6208.47 and the low should be 6157.60 – 50.87 = 6106.73.
Now we have the full range and can calculate the intermediate and further levels using Fibo retracement.
Fibo retracement using 6157.60 (close) and 6208.47 ( calculated high)
0% 6157.6
61.8% 6189.03
100% 6208.47
161.8% 6239.90
Fibo retracement using 6157.60 (close) and 6106.73 (calculated low)
0% 6157.6
61.8% 6126.16
100% 6106.72
161.8% 6075.29
This method can also be used to calculate levels for stocks.
If someone can refine more or add their findings related to this method pls do so.
Regards,
Vidyanand. |
(b) 56.52 x 10% = 5.652
Hi,
Why 10% have u taken why not 9% or any other number ? plz explain.
regards, |
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amit0666
White Belt
Joined: 23 Jun 2010
Posts: 86
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| Post: #6 Posted: Wed Jan 05, 2011 6:34 pm Post subject: |
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| how to use these numbers |
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THINKER25
White Belt
Joined: 02 Sep 2010
Posts: 16
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| Post: #7 Posted: Thu Jan 06, 2011 6:52 am Post subject: Levels using daily volatility |
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You cannot post any link or content from a commercial website. Please go through the rules and regulations of the forum at http://www.icharts.in/forum/forum-usage-rules-und-regulations-t2771.html
Please ensure that you do not repeat this in future or else your access to the FORUM will be removed.
Thanks & Regards
Kamal
Amit : try this <REMOVED> |
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vids
White Belt
Joined: 12 Mar 2010
Posts: 102
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| Post: #8 Posted: Thu Jan 06, 2011 9:28 am Post subject: |
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Levels for Nifty spot - 6th Jan 2011
161.8% 6159.851866
100% 6129.275813
61.8% 6110.376053
0% 6079.8
61.8% 6049.223947
100% 6030.324187
161.8% 5999.748134 |
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