Nifty Futures Trading Part 2 (Positional)

[columbus]

columbus, on which TF u apply EMA (9) for positional - 30 min or 60 min or Daily...
and similiarly for intraday EMA (15)
?????????????????????????????????

Sunil,

I apply EMA(9) on EOD data for positional trades.
But EMA(15) or higher, for intraday basis for every
minute are so.It generates around 400 samples for day.
I take HIGH ema's because they give me idea of STOPLOSS
also.

 

[Sunil]

only czar can answer this for his chart...
meaning of RSI (14, E 9)

 

[orderflow13]

first, let me confirm this....
in RSI, only the period has to be specified... 9 or 14 or whatever... let's take RSI (14) for eg.
now, there are no two methods of calculating RSI (14)... it will have one common result... there's no simple moving average method or exponential moving average method for calculating RSI (relative strength index)

Now, that GREEN line is RSI (14) and not SMA (14)

RSI and other prize indicators uses price movements of past period,

100
RSI = 100 - --------
1 + RS

RS = Average Gain / Average Loss

Average Gain = [(previous Average Gain) x 13 + current Gain] / 14
First Average Gain = Total of Gains during past 14 periods / 14

Average Loss = [(previous Average Loss) x 13 + current Loss] / 14
First Average Loss = Total of Losses during past 14 periods / 14

Note: "Losses" are reported as positive values.

now is sma rsi 14 its usual stuff, and in ema rsi we have a importance of last 2 days
hope its clear

 

[Sunil]

Alex, we know for price movement, we have linear scale & log scale....

but for RSI movement, we have ONLY linear movement....

 

[Sunil]

now is sma rsi 14 its usual stuff, and in ema rsi we have a importance of last 2 days
hope its clear

this is what i am asking you two.... as it is new to me....

i thought we have only one type of RSI...

this is news to me SMA RSI & EMA RSI..... i better leave it to you & czar

so, alex, just for my knowledge, u conclude that one should use EMA RSI (9) for our analysis, right....???

 

[orderflow13]

Sunil
for TF, i use 1/5 th ratio. meaning if trading swing ( five days of week ) i use ema15 ema 3 ema ( 15/3 = 5 ) same apples to all time frames
But for scanning the market i use conventional ema that is 13, logic is its default setting and lots of common public is lazy and they dont tweak much , so it gives idea what public is thinking

 

[orderflow13]

this is what i am asking you two.... as it is new to me....

i thought we have only one type of RSI...

this is news to me SMA RSI & EMA RSI..... i better leave it to you & czar

so, alex, just for my knowledge, u conclude that one should use EMA RSI (9) for our analysis, right....???

i think give the answer
ur a intraday trader .. then answer wd be 14 sma 5 ema ( 14/3 = 4.66 apx 5 ) .. but frankly i didnt use it . m just showing the logic, ADX worked for me so i use rsi for confirmation only
I f u come out with good combination, plz dont forget to post, i wanna learn also

 

[xtalk]

Wish you guys a very happy Durga Puja. Lets hope & pray that Devi Durga will bring some speedy recovery to credit market. Historically, October is known for all the bad news. Hope that the last leg of the bear phase be over by Oct and I don't have to short the market again!

Being a Bengali and Calcuttan, I feel sad that Nano project is now pulled out of Bengal just before puja...thanks to some callous politics both from left n right. Anyway, life moves on...

cheers!

 

[orderflow13]

xtalk u echo our voices

sunil, givin u link, in kolkota meet we didnt see much from himadri roy, but i hope he reappears here n guide, postin the interesting link of mov. avgs though its for fchart logic is very beautiful

http://www.traderji.com/f-chart/15095-fchart-formula-10.html

 

[orderflow13]

My god !!! my chart is being torn in pieces

ohhh buddy , i hope u dont mind a minor dissection , sorry guys, patient got up b4 the operation .. anesthesia guys come here !!!!