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)

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
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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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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