Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty GANN FAN, NMA Signal, Ichimoku Charts Overview

17 sec read


 
Long term GANN Fan Charts of Nifty shows that it is trading currently between the long term resistance line 5400
and the long term support zone 5200 pts. Still there could be a possibility of oscillation before the breakout or breakdown occurs. Remember currently the bias is on negative side as nifty is trading below the cloud supports as shown below with the cloud resistance of 5293

Also NMA Charts of nifty holds with the sell signal right from

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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One Reply to “Nifty GANN FAN, NMA Signal, Ichimoku Charts Overview”

  1. Regarding the Gann Fan in Amibroker.

    It has been noticed that the angle of 45 differs according to the number of bars on the chart or zoom level.

    Since the ratio of Price to Time in Amibroker is not fixed according to the requirement, the angles will always change.

    Further it’s not about the angle, it’s about the unit. if the unit is correct, the angle will be correct.
    Amibroker zoom levels distort the unit ratio of price:time and so the angles are different on every zoom level which makes it impossible to draw Gann angles with this software.

    Would you have any explanation or solution to this?

    Thanks,
    Rukshad.

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