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)

DowJones Still Under long term Sell Mode?

32 sec read

The NMA Trading System refers to a trading strategy that incorporates the Nick Moving Average (NMA), also known as the Nick Rypock Trailing Reverse (NRTR) trading system, and it utilizes the Heikin-Ashi technique. The NMA or NRTR is designed to help traders identify and follow trends in the market by using a trailing stop loss method to determine entry and exit points.

Dow Jones Weekly NMA Chart




The Dow Jones has been in a sell position since May 21, according to the NMA (Nick Moving Average) chart analysis on weekly timeframes, with a trailing stop loss positioned at 10966. For the trend to shift to a buy position(long term bullish mode), the Heikin-Ashi candlestick for a week—calculated as the average of the week’s open, low, high, and close prices—needs to exceed 10966. If this condition is not met, the current sell trend in the Dow Jones is expected to persist.

 

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)

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4 Replies to “DowJones Still Under long term Sell Mode?”

  1. Once again a great work done buy you sir, 🙂

    Sir from where can I get the EOD data for dow jones?

    Can you plz provide a link do download Dow Jones data till date & from where can I download the rest of the data in up coming Future.

    Thx sir awaiting for a positive response

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