Chart Shown here is the Nifty chart in comparision with 10 day SMA of TRIN.
Red Line – TRIN
Blue Line – Nifty
Here is a simple view for you when to initiate positional longs/shorts based on 10 day SMA of Trin
Initiate Positional Shorts if 10 day SMA of TRIN crossed above 1.0(Overbought)
Initiate Positional Longs if 10 day SMA of TRIN dips below 1.0(Oversold)
Initiate Positional Longs if 10 day SMA of TRIN dips below 1.0(Oversold)
check here for 10 day SMA Trin Charts for nifty
In short a rising Trin signals that the Bears are beginning to take control. Likewise, a falling Trin tells us that the Bulls are taking control of the direction of the market because a falling Trin shows us that more volume is flowing into advancing stocks than declining stocks.
And Current trin setup shows that there is a rising trin towards 1.0 which shows that
bears will be visible in couple of days.
Related Readings and Observations
GANN Shorter term updates
Resistance at 5050 and supports at 4880-4890Source:
www.marketcalls.in
Pivot Point Calculator The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. […]
Bollinger Band Based Trailing Stop Loss – Amibroker BBand TSL or or Bollinger Band based Trailing stop loss trading is once again a mechnaical trend trading system for lower timeframes inspired from mql4 (metatrader). The trailing stoploss […]
Kotak JiFi – Banking, Just a Hashtag Away Social media like Twitter are garnering more importance by the passing day. The hashtags, a predefined term, is becoming an important approach to pass a message. Kotak Mahindra Bank has […]- Panoramic Universal – Long Term call "Panoramic Universal Ltd is poised to make a splash in the Indian hotel industry. The flagship company of the Panoramic group plans to acquire 20 properties in the country over the next […]
![[Webinar] : Understanding Orderflow and Trading Strategies using Orderflow](https://i1.wp.com/www.marketcalls.in/wp-content/uploads/2018/08/NIFTY_I-160-Range-2018_08_13-14_41_36.png?resize=150%2C150&ssl=1)
[Webinar] : Understanding Orderflow and Trading Strategies using Orderflow When it comes to order flow, many newer traders tend to think of interpreting volume information and identifying where big volume happens. It is much more than that, and it really helps […]
Where I can get TRIN formula for Amibroker