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Python for Quant Trading

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2 contributions to Python for Quant Trading
Excel Spreadsheet for Intrinsic Valuation
Hi Team, Has anyone created an Excel spreadsheet to calculate the true/intrinsic/fundamental value of a company? I’m looking for a model where we can input different variables for various companies and estimate their intrinsic value. Ideally, something similar to the valuation models developed by Ashwath Damodaran. If anyone has developed such a tool or knows of one, please let me know.
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Renko & Stochastic RSI Trading Strategy for Nifty 50
Hello Everyone, I’d like to share a Renko-based trading strategy I’ve been working on for Nifty 50 stocks. The strategy is designed for intraday trading and incorporates stock-specific tracking of profit and loss (P&L). This ensures precise risk management for each stock while enabling better decision-making. Here's the detailed explanation: 1. Strategy Overview - Renko Box Size: a. Calculated using the ATR (14) of the previous day’s 5-minute candles. b. Box sizes are rounded to the nearest 10 paisa for each stock. - Indicators Used: - a.Renko Charts for price filtering. - b. Stochastic RSI, applied to Renko closing prices instead of candlestick data. - Trading Hours: - The algorithm begins scanning for trades at 9:20 AM to allow for initial market stabilization. - Uses the first 5-minute candle (from 9:15-9:20 AM) for calculations. - Profit/Loss Tracking: The algorithm maintains a separate P&L tracker for each stock to monitor individual stock performance. Trades for a specific stock are stopped once the profit or loss for that stock reaches ₹1,000 for the day. 2. Entry Rules - Buy: When %K crosses %D from below in the oversold zone (< 20). - Sell: When %K crosses %D from above in the overbought zone (> 80). - This Stochastic RSI needs to take the closing price of Renko box and not candles 3. Exit Rules - Stop Loss (SL): 2 Renko bricks (e.g., if the box size is ₹1.5, SL = ₹3). - Take Profit (TP): Square off 50% of the position at 2 Renko bricks profit. Trail the remaining position until a Renko box reversal (opposite direction brick forms). - Trade Limits: Maximum 2 trades per stock per day. Stop trading a stock if the profit or loss reaches ₹1,000 for the day. (This is to be tracked only after closing the position) https://www.tradingview.com/x/MBWDgzH0/
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Renko & Stochastic RSI Trading Strategy for Nifty 50
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Anurag Jain
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15points to level up
@anurag-jain-2310
A dependable and adaptable professional with strong organizational skills and a passion for growth and learning.

Active 312d ago
Joined Sep 26, 2024
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