Nifty Futures 5 Min Charts(Current Month) (10 sec auto refresh)[cf]nf1[/cf]
NSE Futures Charts with 10 Second Refresh
Supertrend is a ATR Based Trailing Stoploss Trading strategy. Supertrend is a trend following strategy for system traders which makes money in a trending market and losses in sideways market. Learn more about Supertrend here
Green Up Arrow represents Buy Signal
Red Down Arrow represents Sell Signal
Green Line Represents Trailing stop for Longs on the close of candle (not intraday stoploss)
Red Line Represents Trailing stop for shorts on the close of candle (not intraday stoploss)
Filter : 200 EMA (yellow line) acts as a supertrend filter to remove some of the noise in the trading signals
1)Signals are Non Repainting means the Buy and Sell Signals are decided based on the close of the candle.
2)Time left feature is added to track how many seconds left for the candle to close.
3)Multitimeframe Dashboard tracks the Supertrend Signals across different timeframes.
4)Sentimental Dashboard which track the sentiment in the market. for more details about how to use the info about the market sentiment view below.
5)Itrend Ribbons (Red and Green Band) below the candlestick charts.
Multitimeframe Dashboard tracks the Trading Signals (P/L Reports, Trailing Stops, When the Signal Arrived, What price the Signal Arrived) across different timeframe 5min, 15min and 60min. The above charts shows supertrend signals for 5min only. However our regular visitors requested to know what is happening on the other timeframes that leads to multitimeframe dashboard. If you are a amibroker user and would like to have this strategy on your machine download the AFL code for Supertrend Multitimeframe Dashboard here.
200 EMA Filter
Supertrend is a long/short based system trading concept. however by introducing supertrend with 200EMA filter we can filter out some of the unwanted noise in the system. If you want to learn how to trade supertrend with 200 EMA filter go thro the video here
Buy – if suptrend buy signal continues and candle above 200 EMA
Exit Buy – if supertrend shows a exit signal
Short – if suptrend sell signal continues and candle below 200 EMA (Red Arrow)
Exit Short – if supertrend shows a exit signal
Sentimental Dashboard is added in our live charting section (NSESignals and MCX Signals Section) to measure the strength in the market. Sentimental Dashboard shows 8 historical values for Multiple Timeframes like 15min, Hourly and Daily). And the reading ranges between 0-100. The right most meter indicates the most recent value.
Increasing reading indicates the possibility of market moving in uptrend and decreasing value indicates a possible downtrend. One can adopt 15min to capture very shorter term movements in the markets(short term intraday especially for holding position ranging between 15min – 2 hours). However 60 min sentimental will give more clarity about the trend for any day (This for traders holding their position anywhere ranging from 1 hour – 8 hours). And Daily Sentimental Meter will give more clarity about the carry forwarding positions to next day.
This sentimental dashboard make sense more for discretionary traders who wants to enter the trend at the earliest and exit closer to the top however it does not benefit much for System Traders.
What is the Timeframe Shown in the Above Charts
It is a 5min charts and update every 5min with limited historical data. Alternatively you can use free Interactive Charts or subscribing to our premium trading platform services to get more control over charts, custom timeframes, custom Indicators and professional customer support.
Is Supertrend a Intraday Trading Strategy?
No Supertrend is a carry forward strategy and not a intraday trading strategy. If you are trading supertrend then you have to carry forward your position every day, every week.
How Intraday players can take advantage of this strategy?
Sentimental dashboard helps the people in Trading Decision on how to play the intraday trend.
What is the Winning Ratio of the Trading Strategy in the Past?
From the past historical data, winning ratio ranges between 38-44% in the long run for different trading instruments after brokerage, slippage and other taxes. However if you are planning to trade this strategy backtest the strategy from your end to understand the nature of the trading system.
What is the maximum continuous losses the trading system can yield?
Since 2010 after backtesting in Nifty Futures (5min data) it is inferred that till to date 8-10 consecutive losses are possible and and may vary for different timeframes and different trading instruments.
How to Enter and Exit?
Entry should be based on the completion of the close of 5min Bar Candle. Trade should be executed with 5secs once the 5min candle complete. Trade should not be executed before the completion of 5min bars.
Can i trade using the live Buy or Sell indicator?
Charts shown in marketcalls is to study the nature of the trading system to improve your knowledge on trading system. If you are trading based on these buy and sell signals then do it at your own risk. marketcalls wont be responsible for the losses incurred.
How to Trading using the Multitimeframe Dashboard?
Multitimeframe dashboard is shown here to observe what is happening in the other timeframe. However Supertrend is not a multitimeframe strategy and higher timeframes often involves higher risk. Its better to stick with 5min timeframe for a better risk control in long term.
How to Trade the Green and Blue Ribbons shown below the charts?
Those Green and Red Ribbons are called as iTrend Ribbons . iTrend Ribbons are nothing but the additional filters to avoid whipsaws in our trades.
Other useful links to Read more about system trading
20 Reasons why your Buy/Sell Signal Indicators will Fail
Things you need to know before buying PAID indicators
7 Things a Trader Should Understand to Do Proper Backtesting
Disclaimer : The charts shown here is purely for educational purpose to study the market behavior with SuperTrend indicator. Buy and Sell Signals are not meant here to take real trades. If you are trading based on these buy and sell signals then do it at your own risk. marketcalls neither be responsible for accuracy of the data nor the losses incurred.