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
State of the Market : May Expiry Overview The Nifty Futures and Bank Nifty Futures continued to move up last week, gaining 2.2% and 1.0% respectively on close. And Bank Nifty is relatively under-performing in the recent uptrend. […]- US – Recession and the Unemployment Data I dont know much about the Economy. But I think a pictures and some data's could able toexplain a the economy and the financial market sentiments.And some of the data and views […]
- Nifty Options Open Interest Snapshot for Jan 2012 Option Series Nifty higher open interest shown in 4700PE indicating that 4700 will be act as a strong support zone for current option series. Also inline with our EOD View on Nifty.
- Marketcalls – Chennai Meetup Photo – Gallery Marketcalls - Chennai Meetup Photo - Gallery
- STRADDLES ARE STRANGLES – Lies, Lies and Damn Lies -9 Sellers of naked calls face unlimited loses if the price of asset they sold goes up. For example if a speculator sells 1000 MSFT calls at strike 25 for a premium of $2, his loses starts […]
- Increased Volatility and Flipping Option Writers Market fallen down 100+ points and once again there is a flip in open interest 7600CE and 7700CE writers taken advantage by building higher open interest. There is a confused state among […]
Where I can get TRIN formula for Amibroker