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.

Nifty Positional Long and Short Based on TRIN

32 sec read


 

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)
 

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.

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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