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
What High Frequency Traders Do – BAD or GOOD for Markets? Over the past few Year’s, there has been a quick shift towards algo / Quant HFT (High Frequency Trading) based trading, Where as Asset managers make 24% return in market & HFT traders make […]
Nifty Future Observation 18 May 2015 What a volatility, Nifty is making 100 points up and 100 points down move just like that. Nifty closed the session on friday at 8261.20 after making the intraday high of 8296. week ahead […]
Trading Secrets Expect losses. If you have an excellent system you have a 60% chance of a winning trade. That means you have a 40% chance of a losing trade. Therefore, you have a 0.4^4 = 3% chance […]
MetaQuotes starts in the Automated Trading Championship 2011 MetaQuotes Software Corp., A worldwide leader in software platforms in currency trading, launched , the automated trading championship 2012 (Automated Trading Championship 2012) , an […]
Online Gaming and Troubled Waters: Legality and Clarity Online gaming is very often confused with online betting and the arrests made in the connection. Gambling laws are outdated and colonial in nature needs urgent notice for modification. […]
Quick Update on Crude
CMP : $52.47 Weekly charts of Crude Oil shows that crude is trading in a tight range between 52-55 levels. History shows that crude is facing huge resistance levels at this […]
Where I can get TRIN formula for Amibroker