Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
5 EMA Buy and Sell Signals for Nifty
8 sec read
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Chart shows Buy and Sell signals for the past 3 months.
Rule is simple
Go long if the Nifty candle closes above 5EMA and
Go Short if Nifty candle closes below 5 EMA
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, 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. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in
but currently,it is in the no trade zone,is it not,rajandran?
Nifty = 3384 and 5 EMA = 3369Still nifty is greater than 5 EMA means stillthere is no enough sell signal kicked in
Dear Rajandran
how do i see 5EMA charts.
Parimal
i want this softwear with nifty buy sell signal
Dear Rajandran,
how can you made this nifty chart with buy/sell signal? please give me some idea.
@Udit
just Go thro the AFL codes. Its very basic and simple code to understand how buy and sell signals are created.
@Udit
Its manually Drawn by me using Snagit tool
Is it necessary to buy Amibroker?
@Udit
Amibroker is required only in case if you are going to trade with strategies or to analyse strategies
Any possible bank nifty one minit chart for very low stop loss.
Do we apply same 5D EMA rule to stocks as well?
Sir,
Is there any AFL code made by you? I am trying to prepare one as below but not able to include SL, TGTs.
_SECTION_BEGIN(“Daily EMA”);
TimeFrameSet(inDaily);
daema=EMA(C,5);
ddaema=TimeFrameExpand(daema,inDaily,expandFirst);
TimeFrameRestore();
Plot(ddaema,”5 DEMA”,colorBlue,styleStaircase|styleDots);
_SECTION_END();
Requesting you to guide me for the same.