Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Above 5 EMA (High): Indicates an uptrend with the 5 EMA (High) acting as support. The next support level is at the 5 EMA (Low).

Between 5 EMA (Low) and 5 EMA (High): Suggests a rangebound trend with the 5 EMA (High) as resistance and the 5 EMA (Low) as support.

Below 5 EMA (Low): Points to a downtrend, with the 5 EMA (Low) serving as resistance and the 5 EMA (High) as the next resistance level.

Application Advice:

Apply this method to both weekly and daily charts to accurately determine the trend.

It’s advantageous to buy at the 5 EMA (Low) at the end of the day (EOD), setting a stop loss below the 5 EMA (High).

Reviewing the 3-month Nifty chart with the 5 EMA (High-Low) indicator can provide valuable insights.

This approach is also integrated into my daily Nifty EOD analysis and it helps identify EOD supports and resistances.

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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Nifty week end review on daily and 90 min timeframe and Nifty Option Details

22 Replies to “Simple Rules to Trade Using 5 EMA(LOW-HIGH)”

Dear, Can u plz guide me how to calculate 5 EMA HIGH & LOW.From charts I can get 5 EMA value but where can I get High & Low for 5 EMA. eg: 5 EMA value for NIFTY FUT(JUNE4) is 4508 (JUNE 4 closing is 4582).How can I calculate 5 EMA HIGH & LOW.THANKS IN ADVANCE.

Hi Amirishali,You can use Incredibe charts or icharts.in to use find 5 EMA(High low values) or else visithttp://tradeinniftyonly.blogspot.com/ here heis publishing the values for hourly,daily,weeklyNifty

Thanks Rajandran I will try this strategy.

Sorry im new to trading, are those values suppose to ema -5 (low) and ema +5 (high). Or is it suppose to -5 and -5 for both high and low.How does that happen?

Sir, Your guidelines are good. Just a clarification is requested. When you say, – Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High – is it for shorting ? Please confirm. If it is for going long at 5 EMA – Low, 5 EMA – High should be the first Target. Am I right ? Please advise. Thanks…

please tell me how to calculate ema high,ema low with stock examples

@Mahender… no need to calculate 5 EMA. Just check with icharts.in these basic indicators are available there

in amibroker this can be set . this strategy also works in intraday.

TO MR RAJANDRAN

THANK YOU,BUT IAM UNABLE TO FIND 5DAYS EMA HIGH,LOW WITH ICHARTS,KINDLY
HELP ME

can anybody tell me how to calculate ema high,low with examples

Dear Mahender,

If you are using any chart tool… plot 2 lines of 5 ema’s
1) select 1st ema select open price
2) select 2nd ema select close price

-Vinay

by anay chance cha i have AFL code for EMA crossover 3 and 15 plzzzzzzzzz.

TO MR VINAY
I HAVE TRIED WITH ICHARTS BUT I AM UNABLE TO GET EMA HIGH,LOW,WILL YOU PLEASE EXPLAIN WITH AN EXAMPLE CHARTS

Hello

Sir can you help me calculate MySar from 5ema? if I have taken out 5ema of nifty then how to calculate the mysar from it I have open high low and close with me please tell me how to calculate mysar

Regards

How to set EMA High, Low in I charts?

@Hrishi,
in icharta, u can not put EMA Hi/Lo in java (J-charts). But you can plot them in Charts Premium.
Don’t have an idea regd Platinum charts.
For Charts Premium Plot it like EMA ( High,5)

Dear, Can u plz guide me how to calculate 5 EMA HIGH & LOW.From charts I can get 5 EMA value but where can I get High & Low for 5 EMA. eg: 5 EMA value for NIFTY FUT(JUNE4) is 4508 (JUNE 4 closing is 4582).How can I calculate 5 EMA HIGH & LOW.THANKS IN ADVANCE.

Hi Amirishali,You can use Incredibe charts or icharts.in to use find 5 EMA(High low values) or else visithttp://tradeinniftyonly.blogspot.com/ here heis publishing the values for hourly,daily,weeklyNifty

Thanks Rajandran I will try this strategy.

Sorry im new to trading, are those values suppose to ema -5 (low) and ema +5 (high). Or is it suppose to -5 and -5 for both high and low.How does that happen?

Sir, Your guidelines are good. Just a clarification is requested. When you say, – Its good to Catch the stock/Index at 5 EMA low- EOD with stop loss below 5 EMA-High – is it for shorting ? Please confirm. If it is for going long at 5 EMA – Low, 5 EMA – High should be the first Target. Am I right ? Please advise. Thanks…

please tell me how to calculate ema high,ema low with stock examples

@Mahender… no need to calculate 5 EMA. Just check with icharts.in these basic indicators are available there

in amibroker this can be set . this strategy also works in intraday.

TO MR RAJANDRAN

THANK YOU,BUT IAM UNABLE TO FIND 5DAYS EMA HIGH,LOW WITH ICHARTS,KINDLY

HELP ME

can anybody tell me how to calculate ema high,low with examples

Dear Mahender,

If you are using any chart tool… plot 2 lines of 5 ema’s

1) select 1st ema select open price

2) select 2nd ema select close price

-Vinay

by anay chance cha i have AFL code for EMA crossover 3 and 15 plzzzzzzzzz.

TO MR VINAY

I HAVE TRIED WITH ICHARTS BUT I AM UNABLE TO GET EMA HIGH,LOW,WILL YOU PLEASE EXPLAIN WITH AN EXAMPLE CHARTS

Hello

Sir can you help me calculate MySar from 5ema? if I have taken out 5ema of nifty then how to calculate the mysar from it I have open high low and close with me please tell me how to calculate mysar

Regards

How to set EMA High, Low in I charts?

@Hrishi,

in icharta, u can not put EMA Hi/Lo in java (J-charts). But you can plot them in Charts Premium.

Don’t have an idea regd Platinum charts.

For Charts Premium Plot it like EMA ( High,5)

Thank you…..

Is there any afl for the above?

Try this one out http://www.marketcalls.in/afl-code/modified-5-ema-high-low-afl-code.html

Dear Rajandran,

We are at terrible point.

At were it is written take previous value of ema to calculate new value of ema based on current closing price.

we are stuck. THe first value which is Moving avg of N period is the starting point for calculating the EMA for next value.

We tried the universal formula. But value are not matching.

We are not able to match the numberrs, that are avaible in charting package like sharekhan to calculate 5 ema and 10 ema.

We cant afford to buy expensive charting package to test the module.

Kindly help and reply in my email soon.

Saurabh

How to calculate high and low EMA?

hii,

could u plz tell me if we apply stoploss with 5ema then why there is more loss.