Get started

Indicators

NIFTY levels for the month of "valentine" nifty ANALYSIS 4 the month of " BEAUTY , LOVE , PROMISES , Choclates , TEDDY BEARS AND BARBIE DOLLS ,and {broken promises } I AM OVERALL bearish on the market and see any opprtunity of rise below IMP levels can be good opportunity to sell , market may consolidate at the range of 10650 - 760-800 mark and further a down slide can be seen . an upside can be possible only IFF it sustains 10800 MARK AND THAT may lead to 111050 and 11175. the possibility of 11200 for me is near to IMPOSSIBLE ! but lets wait and watch what the MONTH OF LOVE brings !
NSE:NIFTY
by pratik2358
1
Nifty : More with Indicators & Stuff !Indicators ??? On InsiderB post ?! Oh yes & It's not by mistake, for the purpose of explaining few things to the community. The wide spread view on Indicators be it RSI, Macd, stochastic or any indicator is that they lag & always come behind price action, they fail, can't be used for counter in trending markets, n lot more. But, Does any of the strategy out there works 100% of the time without failures ? In the same way Indicators do fail at times & work at times but if the same indicator is used with discipline without switching from one to another every week/day, you will be doing good at trading. So all of sudden I support Indicator usage ? I support all kinds of trading except gambling without a plan, its just that most of times I don't use indicator to take a trade, for very few setups only I look for RSI else none only price action. During starting phase of trading its more than welcome to use an indicator. Why ? Bcos it takes out the confusions for you indicating a direction for you, leave about trade fails or wins, if the same indicator & setup is followed every single time you can simply make money with an Indicator & moving averages. Bcos the winners will compensate the money you lost but only thing same process needs to be repeated for trading every single time. Marked those 1 & 2 just to show how they work normally, 2 being normal scenario they are well aligned with price & as price moves down, Indicator also goes down. But look at 1 . those are opposed, its divergence. The zones marked ( circled white), first two worked n next failed. There is Normal divergence & Hidden divergence and if you google you will find those variations & there are different school of thoughts which conflict which each other calling same divergence as Bullish & Bearish. And, last point as I shown Macd, it doesn't mean I'm following it :) Points to take home : i) Indicators has its flaws, Not failure ii) If followed consistently it makes money InsiderB
NSE:NIFTY
by InsiderB
20
USEFUL INDICATORS #1Here, I am starting a new series where I'll be sharing useful scripts available on Tradingview. Some people do not know that apart from the usual indicators, there are 100s of custom indicators/scripts on Tradingview. I'll be sharing a few good ones time to time which will help you in trading decisions. So, starting with the first one, this is Sentimental RSI by Rajandran Sir. ( link in the end ) The whole description of how it works and details are in the link. Now, my personal observations on this : 1 . Indicators like this work best in the daily timeframe or above. Don't use them for timeframes like 1 hour or 15 minutes. 2. Use them in addition to your trading strategy. If both of them give the same signal ,you have additional confirmation. 3. In this indicator, basically, a. Long when it turns green. b. Book partial profits when it turns blue. c. Exit when it turns red. and then ; a. Short when it turns red b. Book partial profits when it turns yellow. c. Exit when it turns green. The cycle goes on. ( now go to the chart and see if it works :p ) . also try with different stocks. Apply other extra filters according to your trading strategy. So, currently, you can see it's showing all green in Nifty indicating very good strength, so don't even think of shorting :p Here's the link of the indicator : Add it to your fav scripts and then add easily every time through the indicators section. I'd love to hear your feedback on this , if there any view or doubts, please comment. And please like Sir's script if you found it useful. And hit the 'thumbs up' button if you found this of any value.
NSE:NIFTYLong
by dravya
29