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.

5 EMA Buy and Sell Signals for Nifty

8 sec read


 

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
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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12 Replies to “5 EMA Buy and Sell Signals for Nifty”

  1. Nifty = 3384 and 5 EMA = 3369Still nifty is greater than 5 EMA means stillthere is no enough sell signal kicked in

  2. 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.

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