This Odoo integration with stock market uses Bank nifty for share market updates. It is based on VWAP & pivot points (fibonacci) and Intraday strategy which keeps you updated for each of your investments just by configuring few details of your share purchases.
Features:
-Uses intraday strategy
- works only on bank nifty
-Based on VWAP & pivot points (fibonacci)
Ignores first candle. Whenever single candle (real body excluding wicks) crosses both vwap & any pivot from bottom to up & closes above both ( i.e. open of candle is below to both & close is above to both) then buy near high of candle provided high is breaked in coming candle (not necessarily immediate next) with candle low as stop loss. If after taking trade some candle closes below vwap or pivot then exit the trade. If stop loss is greater than 150 points then wait for some retracement & when stop loss becomes 150 points then enter.
Whenever single candle (real body excluding wicks) crosses both vwap & any pivot from up to bottom & closes below both ( i.e. open of candle is above to both & close is below to both) then short near low of candle provided low is breaked in coming candle (not necessarily immediate next) with candle high as stop loss. If after taking trade some candle closes above vwap or pivot then exit the trade. If stop loss is greater than 150 points then wait for some retracement & when stop loss becomes 150 points then enter.
If one candle gives a signal but trade not triggered & after that another candle gives signal in another direction (or crosses pivot/vwap in reverse direction) then old signal will be invalid.
Maximum stop loss points should be 150.
If we have taken 1 lot then we should book at 1:2 i.e. if stop loss is 150 points then book at 300 points movement in our direction . If we have taken more than one lot then book 50% lots at 1:2 ( i.e. if stop loss is 150 points then book at 300 points movement in our direction) & rest at more than 1:3 ( i.e. if stop loss is 150 points then book at more than 450 points movement in our direction).
Click On Hyperlink Click Here To Create Your API Key
Fill All Details And Click On GET FREE API KEY To Get An Email That Contains Your API Key
Create Companies From Configuration
Click On Stock Details Menu, Select Company From Your Company List And Fill In Details
Select Time Interval Option And Then Click On The Refresh Button TO Update Stock Market Data For That Interval
If The Last Share’s Close Price Is More Than Your Target Price Then It Will raise A Wizard
If The Last Share’s Close Price Is Lower Than Your Stop Loss Price Then It Will Raise A Wizard
To View Candlestick Graphs With VWAP Values Click On Candlestick Button
If you want to see The current status of your investment click on "Current Status" button
If The Last Share’s Close Price Is More Than The Target Price Then It displays This Wizard
If The Last Share’s Close Price Is Lower Than The Stop Loss Price Then It Displays This Wizard
Stock Market Integration With Odoo