USE EMA -5(LOW) and EMA-5(High) instead of using 5 EMA.

**Rules**

If the stock/Index trading above 5 EMA(High) – trend is expected to be up with support at 5 EMA(High)and next level of support comes near 5 EMA(low)

If the stock/Index trading in between 5 EMA(low) and 5 EMA(High) trend is expected to be rangebound between 5 EMA

high and 5 EMA low with resistance at 5EMA(high) and suppport at 5 EMA (low)

If the stock/index trading below 5 EMA(low) then price is expected to be trend lower with resistance at 5 EMA low and next level of Resistance comes near 5 EMA(High)

Try applying for both Weekly and Daily Charts to know the exact trend

Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High

**Rest its good to look at the 3 month Nifty chart with 5 EMA(High – Low) Indicator.**

**Also Implemented in our Nifty EOD Tool as displayed in the right corner of the page**

**to guage the EOD Supports and Resistance**

Amirishali says

Dear, Can u plz guide me how to calculate 5 EMA HIGH & LOW.From charts I can get 5 EMA value but where can I get High & Low for 5 EMA. eg: 5 EMA value for NIFTY FUT(JUNE4) is 4508 (JUNE 4 closing is 4582).How can I calculate 5 EMA HIGH & LOW.THANKS IN ADVANCE.

Rajandran says

Hi Amirishali,You can use Incredibe charts or icharts.in to use find 5 EMA(High low values) or else visithttp://tradeinniftyonly.blogspot.com/ here heis publishing the values for hourly,daily,weeklyNifty

Amirishali says

Thanks Rajandran I will try this strategy.

Anonymous says

Sorry im new to trading, are those values suppose to ema -5 (low) and ema +5 (high). Or is it suppose to -5 and -5 for both high and low.How does that happen?

s nagarajan says

Sir, Your guidelines are good. Just a clarification is requested. When you say, -- Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High -- is it for shorting ? Please confirm. If it is for going long at 5 EMA -- Low, 5 EMA -- High should be the first Target. Am I right ? Please advise. Thanks…

mahender says

please tell me how to calculate ema high,ema low with stock examples

Rajandran R says

@Mahender… no need to calculate 5 EMA. Just check with icharts.in these basic indicators are available there

kalyan says

in amibroker this can be set . this strategy also works in intraday.

mahender says

TO MR RAJANDRAN

THANK YOU,BUT IAM UNABLE TO FIND 5DAYS EMA HIGH,LOW WITH ICHARTS,KINDLY

HELP ME

mahender says

can anybody tell me how to calculate ema high,low with examples

Vinay says

Dear Mahender,

If you are using any chart tool… plot 2 lines of 5 ema’s

1) select 1st ema select open price

2) select 2nd ema select close price

-Vinay

Reghulal says

by anay chance cha i have AFL code for EMA crossover 3 and 15 plzzzzzzzzz.

mahender says

TO MR VINAY

I HAVE TRIED WITH ICHARTS BUT I AM UNABLE TO GET EMA HIGH,LOW,WILL YOU PLEASE EXPLAIN WITH AN EXAMPLE CHARTS

Akki says

Hello

Sir can you help me calculate MySar from 5ema? if I have taken out 5ema of nifty then how to calculate the mysar from it I have open high low and close with me please tell me how to calculate mysar

Regards

hrishikes says

How to set EMA High, Low in I charts?

arjun says

@Hrishi,

in icharta, u can not put EMA Hi/Lo in java (J-charts). But you can plot them in Charts Premium.

Don’t have an idea regd Platinum charts.

For Charts Premium Plot it like EMA ( High,5)

vivek says

Thank you…..

sudhin says

Is there any afl for the above?

Rajandran R says

Try this one out http://www.marketcalls.in/afl-code/modified-5-ema-high-low-afl-code.html

SAURABH SHUKLA says

Dear Rajandran,

We are at terrible point.

At were it is written take previous value of ema to calculate new value of ema based on current closing price.

we are stuck. THe first value which is Moving avg of N period is the starting point for calculating the EMA for next value.

We tried the universal formula. But value are not matching.

We are not able to match the numberrs, that are avaible in charting package like sharekhan to calculate 5 ema and 10 ema.

We cant afford to buy expensive charting package to test the module.

Kindly help and reply in my email soon.

Saurabh