Time frame for BTST

Technical Analysis
1

What are the best time frames

  1. If I’m looking to buy today sell tomorrow (Not for Intraday) (I’m using oscillators)
  2. Also, How to verify that time frame with another time frame, for the same Indicator
    e.g. suppose If 1-day chart gave signal to buy, while 1-hour chart gave signal to sell or vice-versa (what should I Interpret with such chart) (Only for BTST purpose)
    Please give elaborative example if possible
2

1 For BTST market conditions are important, its better to use not just oscillators, use moving averages , RSI also…
2. Time frame should be like from Higher time frame to lower .time frame, in my example ( refer sample chart) taken Bharti Infratel chart, if you compare daily and hourly chart, there is a “sell” signal and also “Buy” signal on daily chart and Hourly chart followed it
If daily chart and hourly charts are out of sync , its better to avoid that stock or wait for both the charts at in sync with each other ( example blue marker on hourly chart , and still a downward bias in daily chart)
I use the above procedure and being BTST my favorite, my success rate in BTST/Swing trading is above 90%

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1 Like
3

Thanks for your reply,
I would like to ask one more thing can we create an alert on in.tradingview.com, Conditions are:
If day signal AND (Boolean logic) hour signal give the same signal then create alert, instead of manually searching them
Or any other platform apart from in.tradingview.com (In short any screener which can sort both the signals)

4

Thank you too, In my opinion simple things works better,

  1. You can use Pi for scanning stocks and for alerts with the indicators, mentioned in my chart example…
    2 Kite platform is very good in its simple format ( Hope Zerodha will keep it as " Slimmer"/ Simpler as possible) Once you get the alert on Pi scanner you can cross check with Day chart on Kite.
  2. I would like to post on Trading Q&A , not for appreciation/ gain, not to be “Market man” or “Chartist”,
    i see that many on Trading Q &A are newcomers, and are reminding me of my past mistakes :slight_smile: