Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Intraday – Fraction Theory

23 sec read

Choose a share for intraday and apply this formula
H+L+C=A (where H= Previous day high, L=Previous day low, C=Previous day close, A= sum. of H L &C)
A*0.67=Z (0.67 is a constant fraction and Z=Result)
Z- H = S (S = Support for that day)
Z- L = R (R = Resistence for that day)
Z- C = P.B (P.B = Possible Buy)

If P.B is found nearer to R sale it for intraday
This is called FRACTION THEORY and every one can get support resistence for nifty /sensex by this method.
try this theory and it is very effective .

[wp_ad_camp_5]

 

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source:...
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop...
Rajandran R
12 sec read

5 Replies to “Intraday – Fraction Theory”

  1. Dear Rajandran R.
    The theory is very interesting. I try it on Monday if the formula applicable..

    T&R
    ARUP KUMAR BHANDARI

  2. But at what time to judge whether PB is closure to Resistance bcz sometime market open above the resistance level and start moving/falling.Some time market open at PB rate…initial begining of 30 minute is risky to trade in market ..so at what time to trade based on above formula.

  3. Hello sir, i am a fan of your website, i got more useful information from your website, and also i try to create Fraction Theory AFL CODE but no success please help me, i submitted code below created by me .

    Thankyou,

    _SECTION_BEGIN(“FRACTION THEORY”);

    // Day FRACTIONAL Calculation

    A = (H + L + C * 0.67);
    S = (A – H);
    R = (A – L);
    PB = (A – C);

    AddColumn( V, “Volume”,1 );
    AddColumn( C, “Close”,1.2 );
    AddColumn( R, “resistence”,1.2);
    AddColumn( S, “support”,1.2);
    AddColumn( PB, “possiblebuy”,1.2);

    ParamColor(“Color”, colorBlue );
    _SECTION_END();

  4. Hello sir Good morning, I found the Fractional theory AFL code, yesterday midnight i got the solution, and i like to submit the code on this website, but this is not for buy sell signal, don’t drag and drop, it will separate candle chart at new sheet,
    BUT i want to improve of this code, anybody interest then can modify, and sorry for bad english

    SetChartOptions(0,chartShowArrows|chartShowDates);
    _N(Title = StrFormat(“{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}”, O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
    Plot( C, “Close”, ParamColor(“Color”, colorRed ), styleNoTitle | ParamStyle(“Style”) | GetPriceStyle() );

    _SECTION_BEGIN(“FRACTION THEORY”);

    // Day FRACTIONAL Calculation

    A = (H + L + C);
    Z = (0.67);
    T = (A * Z);
    S = (T – H);
    R = (T – L);
    PB = (T – C);

    Plot(s,””,colorWhite,styleLine|styleNoRescale);
    Plot(R,””,colorGreen,styleLine|styleNoRescale);
    Plot(PB,””,colorGold,styleLine|styleNoRescale);
    Plot(O,””,colorPaleGreen,styleLine|styleNoRescale);
    Plot(H,””,colorBlue,styleLine|styleNoRescale);
    Plot(L,””,colorIndigo,styleLine|styleNoRescale);
    _SECTION_END();

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More