Manually have to select every stock and apply indicators and set their values just to find that if there's a crossover or not.

[Vaibhavv14]

Problem statement
Manually have to select every stock and apply indicators and set their values just to find that if there's a crossover or not.

Indicators used : 50 Exponential Moving average and 200 EMA

Basic strategy :

look for the opportunities where 50 EMA has crossed 200 EMA "above" to make buying opportunity(Golden crossover)
If 50 EMA crosses 200 EMA "Below" then we need to look for selling opportunity.(Death crossover)

*50 EMA is average value of last 50 candles.
*200 EMA is avg of last 200 candles.

Solution:

Creating a algorithm that runs a scan from predefined list of stocks to check for the "crossover" and sends an alert.

[ShubhamNagure]

Thanks, Vaibhav for bringing this up.

It's a great idea to keep track of all stock at EOD to apply the quote indicator logic to them which will return us a list of stock (only nifty 50).

Being said that, in order to calculate the EMA for nifty stocks we will be leveraging below formula.

EMA = [ CMP X e ] + [ previous EMA X (1 - e) ]

where,
CMP = current market price
e = exponential quotient

in order to calculate the 'e' formula is.

e= 2 / (n+1)

where n = number of days.

I will take this to issue dashboard and will implement the said logic. Please feel free to comment.