Menu
  • AFL2018
  • Training
  • Premium
  • Traders Cafe
  • Intraday signals
  • MCX Signals
  • Library

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

  • Software
    • Amibroker
    • NinjaTrader 7
    • Ninjatrader 8
    • Option Action
    • Market Analyst
    • Metatrader
    • Python
    • Datafeed
  • Library
  • Markets
  • Commodities
  • Forex
  • Economy
    • Banking
  • Webinars
  • Trading Lessons
    • Algo Trading
    • Market Profile
    • Infographic
    • Video
You are here: Home / Amibroker / How to Build a Simple Bubble Finder?

How to Build a Simple Bubble Finder?

April 4, 2017 by Rajandran 1 Comment

Was thinking yesterday about “is there is a more simplistic way, where we can list out the stocks with exponential rise in price aka bubbles.” Suddenly this simple thought process strikes my mind. It is a good old classical analysis idea using RSI(2) but on the yearly timeframe with RSI(2)>99.

The idea is relative strength index of 2 period over yearly timeframe indicates a possible exponential price formation in otherwords we can call it as extremely overbought and people are really crazy about such stocks and market participants are driving it madly high and higher year on year.

Here is the simple exploration code applied over NSE Cash scrips and found out over 136 scrips with RSI>99. By the way RSI(2) – Yearly for Nifty index is at 92.95.

Here is the list of stocks from the exploration scan. Make sure you are not holding it one from the pack 🙂

TickerDate/TimeCloseRSI2-Yearly
AARTIIND42828789.599.84
AEGISCHEM42828196.5599.59
ALICON42828444.899.16
AMARAJABAT42828908.3599.93
AMBIKCO428281325.199.79
APLAPOLLO428281202.5599.6
ASAHISONG42828277.3599.38
ASIANPAINT428281089.8599.82
ASIANTILES42828368.299.36
ATUL428282367.0599.87
BAJAJFINSV428284098.2599.45
BALAMINES42828377.899.71
BALKRISIND42828141099.96
BANARBEADS4282878.9100
BEARDSELL42828440.1599.59
BERGEPAINT42828248.399.87
BHARATRAS428283017.899.85
BODALCHEM42828165.399.73
BROOKS42828138.9599.63
CANFINHOME428282324.399.95
CAPF42828769.1100
CARBORUNIV42828291.0599.73
CCL42828338.899.74
CEATLTD428281335.399.62
CERA428282920.799.99
CEREBRAINT4282839.75100
CHEMFALKAL42828292.6599.5
CNX AUTO428289921.199.61
CNX Energy4282811819.499.44
CNX FMCG4282823639.6100
CNX MNC4282811022.55100
DABUR42828280.399.83
DALMIABHA428281970.65100
DALMIASUG42828178.5599.35
DEEPIND42828327.899.34
DHFL42828372.8100
DWARKESH42828459.599.25
EICHERMOT4282825543.65100
EMMBI42828156.599.67
ESCORTS42828537.599.06
FILATEX42828121.699.21
FINPIPE42828590.299.61
FLFL42828272.499.82
GABRIEL42828125.299.03
GANDHITUBE42828335.599
GARWALLROP42828723.0599.52
GHCL42828268.999.18
GODREJCP428281695.999.99
GOLDINFRA4282879.0599.33
GREENPLY42828283.199.66
GRUH42828399.399.96
GUJALKALI42828409.0599.66
HARITASEAT42828697.3599.16
HAVELLS42828468.899.91
HDFCBANK428281433.299.53
HERITGFOOD428281095.999.16
HIMATSEIDE42828342.599.51
HINDPETRO42828518.699.03
HITACHIHOM428281820.6599.68
IGARASHI42828806.1599.24
IGPL42828379.699.45
INDTERRAIN42828168.699.43
INDUSINDBK428281403.4599.83
JBMA42828280.0599.69
JSWHL428281524.8100
KAKATCEM42828330.9599.22
KANSAINER4282837499.88
KEI42828189.6599.15
KOTAKBANK42828875.9599.62
KRBL42828420.2599.8
LANCOIN42828389.2599.53
LUMAXIND428281374.899.49
M1004282817.9999.74
MARICO42828296.5599.93
MARUTI42828607299.41
MINDAIND42828440.3599.65
MORARJEE4282857.25100
MOTILALOFS4282875499.02
MRF4282860993.5599.93
N10042828399.52100
NATCOPHARM42828864.899.92
NAVINFLUOR428283136.8599.77
NEULANDLAB428281498.299.85
NILKAMAL428282001.4599.14
NOCIL4282895.8599.07
OCL42828937.3599.73
PAGEIND4282814579.2599.99
PANAMAPET42828167.699.15
PAPERPROD42828245.799.66
PEL428281936.05100
PIDILITIND42828702.9599.88
PVR428281437.499.8
RAMCOCEM42828674.65100
RBL428281028.6599.57
RUCHIRA42828168.4599.75
SHILPI42828222.1100
SHIVTEX42828365.499.56
SHREECEM4282817169.6599.61
SHREYANIND42828138.3599.42
SIYSIL42828169899.41
SOMANYCERA42828693.8599.86
SONASTEER4282882.199.41
SRF428281662.0599.26
STARPAPER42828180.999.15
STEL4282870.9599.48
STERTOOLS42828224.199.84
SUBROS4282821899.41
SUMMITSEC42828582.2599.41
SUNCLAYLTD428283671.45100
SUPPETRO42828313.899.84
SUPRAJIT42828240.0599.91
SUPREMEIND428281102.199.97
SWARAJENG428281482.699.51
TAINWALCHM428285799.26
TIIL4282845199.56
TIRUMALCHM42828893.199.26
TOKYOPLAST42828120.899.57
TRENT42828271.999.43
TRIDENT4282885.499.54
TTKPRESTIG428285872.199.99
TVSMOTOR42828436.199.53
TVSSRICHAK428283496.2599.91
UNIPHOS42828735.4599.64
UNIPLY42828314.8599.75
UPERGANGES42816377.799.16
V2RETAIL42828191.399.9
VAKRANSOFT42828329.1599.98
VARDHACRLC428285499.36
VESUVIUS428281244.9599.81
VHL428282908.1599.8
VINATIORGA42828745.699.94
VSSL42828159.4599.55
VSTTILLERS428281791.699.83
VTL428281358.8599.54
WHEELS428281329.799.31
ZEEL42828528.5599.45

Related Readings and Observations

  • Open = High and Open = Low Intraday Scanner – Amibroker Exploration CodeOpen = High and Open = Low Intraday Scanner – Amibroker Exploration Code Open = High and Open = Low is a widely used scanner across the day traders community. Here is the Amibroker exploration code which looks for stocks with matching open and high lows and […]
  • First 1 Hour Cumulative Volume Scanner – Amibroker Exploration AFL CodeFirst 1 Hour Cumulative Volume Scanner – Amibroker Exploration AFL Code Here is the simple prototype for finding first 1 hour cumulative volume for a given script. This helps one to visualize how the volume in the first 1 hour compare to previous trading days.
  • NMA Swing ExplorerNMA Swing Explorer I had added few more codes to the NMA Buy or Sell Signal to make it exploration possible. The purpose of the Exploration is to identify the stop loss of any kind of trade at the given time.
  • High Volume Scanner AFL codeHigh Volume Scanner AFL code Scanning for High Volume Stocks is interest of everyone. But scanning stocks manually from the 1600 stocks is literally time consuming and it is one of the primary requirements of […]
  • Start Scanning Stocks using Amibroker ExplorationStart Scanning Stocks using Amibroker Exploration Now all you need to do is you have to find the list of stocks that had recently made 5/20 EMA crossover from the bunch of NSE Stock pack and also you have to scan the stocks with price […]
  • Amibroker Technical Analysis and Automated Trading System Workshop – Chennai and MumbaiAmibroker Technical Analysis and Automated Trading System Workshop – Chennai and Mumbai This course will give you an indepth view on deep technical usage of Amibroker software, handle it effectively on day to day usage (Scanners, Exploration, Trading System, Custom […]

Filed Under: Amibroker Tagged With: Amibroker, Bubble Finder, Exploration

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Akshay says

    April 4, 2017 at 9:39 pm

    Can we use then RSI(6) on monthly charts

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Sign up to receive email updates on latest trading strategies , analysis & financial market updates

We Respect Your Privacy

Premium Access

Username:
Password:
Remember Me
Lost your password?

Tools For Traders

  • Marketcalls Android App
  • MCX Signals
  • Intraday Signals
  • International Commodities
  • OI Tracker
  • Participation OI
  • Your Broker
  • Market Sentiment Analysis

Amibroker Updates

Amibroker Technical Analysis and Automated Trading System Workshop – Chennai and Mumbai

March 6, 2018 By Rajandran 16 Comments

Onetimeframing Against Initial Balance – Intraday Trading Strategy Amibroker AFL Code

March 4, 2018 By Rajandran 1 Comment

[STA2018] Systematic Trading using Amibroker – Online Workshop

January 30, 2018 By Rajandran 13 Comments

Absolute Monthly and Yearly Profit/Loss Table – Amibroker AFL Code

January 18, 2018 By Rajandran 4 Comments

How to Integrate Tradingview Charts and Ideas with Amibroker

October 1, 2017 By Rajandran 13 Comments

  • Facebook
  • Google+
  • Linkedin
  • RSS
  • Twitter
  • YouTube

Metatrader Updates

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 By Rajandran 6 Comments

ChartIQ – WebTrader for MT4

December 4, 2017 By Rajandran 2 Comments

Metatrader 4 – Web Platform Overview

October 29, 2015 By Rajandran 8 Comments

William VIX FIX Indicator for Metatrader 4

May 16, 2015 By Rajandran 9 Comments

How to Install Custom MQL4 indicators in Metatrader

November 14, 2014 By Rajandran 5 Comments

Required US Government Disclaimer & CTFC Rule 4.41

​Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.

About | Contact Us | Terms and Conditions | Privacy Policy | Support Policy | Disclaimer


© Copyright 2015 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos & Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.