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
Gold Holds Weekly Support Holds
CMP : $839$825 Support Holds on Weekly basis... Now needs a consolidated weeks for an uptrend in gold.Check out our earlier view on gold Bull Market for Gold […]- The One Million Milestone Reached Marketcalls crosses the One Million Page Visits today. It is a great milestone for me to reach this point. Its good to see like minded peoples searching for the topic what i had searched. […]
- SDA2 Hourly Nifty Future charts Hourly Nifty Future charts for the fans of SDA2 Trend trading system. Few more hourly charts are included for you reference about the trading system. Testing this afl code and feedbacks appreciated!
- Reliance, Ansal, GMR bid for Amritsar Airport development A total of 23 companies, including Reliance Energy, Ansal Properties, L & T, GMR Infrastructure and GVK, have submitted their bid for the development of Amritsar International Airport […]
- Dow Jones likely to test the GANN Support 9640 Daily GANN Charts of Dow Jones shows the Next level of GANN Support near 9640. GANN Indicator has been drawn from the 2008 Low to 2010 High.
- Short Update on the Emotional and Exponential Gaps in Nifty Futures Nifty is trading very close to all time high levels which is perfectly normal for a bull market sentiment and nothing much changed from the last view on exponential unfaded gaps in Nifty […]
Where I can get TRIN formula for Amibroker