Nifty and Bank Nifty hourly charts are shown. currently both nifty and bank nifty is in prolonged buy mode and currently the positional trailing supports comes around 5954 and 12289 respectively. Reverse your positional strategy to shorts only if the supports breaks on hourly charts
Rajandran R Follow Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and 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. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)
Nifty and Bank Nifty hourly Positional Trend Update
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8 Replies to “Nifty and Bank Nifty hourly Positional Trend Update”
I have been a silent viewer of your website.
After a very long research about technical analysis i came to know about your site.
Your super trend indicator is very simple and yet very effective.
your system always keeps us with the trend .
people try to find complex systems to profit but they your system is perfect for trending markets
Sir can you suggest a way to shortlist trending scripts
Sir apka website bahut acha hai hamko ye softwere mobaile me downl6od karna hai to kaya karne ke hamko bataie pls
Hi Rajandran R, I downloaded trend magic AFL from this website few days back but for 5 minute time frame it shows few additional signals on my Amibroker than your live chart of Bank Nifty for the same time frame. Can you please let me know why there is such a difference? Thanks in advance.
My live charts shows supertrend Trading system.
Thanks for reply. Even for super trend there is some issue as mentioned below:
Today I downloaded super trend AFL from your website and started watching it for Bank Nifty on 5 minute time frame. One thing that I noticed was that it shows different results than what it shows on live charts available on your website(http://www.marketcalls.in/livecharts/bank-nifty).
For example, last signal generated today in Bank Nifty was sell call. On your website it shows that it was sell from 13231 while my Amibroker for the same time frame shows sell call from 13203.
Can you please let me know the reason for these differences?
my Parameters are ATR= 7 and Multiplier= 3 for Nifty and Bank Nifty. Whereas default parameters in supertrend is ATR =11 and Multiplier = 2. Kindly change it.
Thanks again for prompt reply Rajandran. If possible, can you please update back tested report of super trend indicator till today on this website? This will be very useful for your followers. Thanks!
How can i download this intratrend AFL code, is it different from supertrend AFL ???