Nifty Futures Trading Part 2 (Positional)

[columbus]

Fear index should drop down that line, so bulls will be reassure.Historically VIX readings above 40 are considered abnormal.So if we want to see the reversal in long term trend vix below 40 along with o.i. pcr consistently trading above reading 1 will give us early signs.

Average VIX for last one month is 65 and it was 45 one month ago. Cooling off
to 50 level and below ,will set momentum for bulls.

 

[desi123]

SS,

If the AFL is available in public domain, could you please post the same.

Thanks

Prashanth

 

[orderflow13]

Its too difficult to take positional trades these days.
Stochs has fallen sharply around 20 points which is indeed bearish Macd is now giving bear signals down 4 points frm yest close. Adx is giving sell. RSI 39 is good though still not oversold. The pattern today is HAMMER i guess which is bullish. So more bearish than bullish signals. Maybe the rallies will fizzle out as dow is up we may have a gap up. Awww , Gap up gap up , will it sustain???

Ok frnds bye for 1 week will now see u on tuesday!!! Goin to himachal.

CB adx never gives buy or sell signal, it only indicates market in range or trend, so as of now adx is indicating the existing trend is loosing its steam and nothing else.
And yes keep posting the charts and share your understandings, great to see you posting charts.
Boa viagem, ate' a vista

 

[dumdum20008]

Hi,
its make or break time

 

[S S]

SS,

If the AFL is available in public domain, could you please post the same.

Thanks

Prashanth

Check for "Fibonacci Internal and External Retracements" by David K. in the Amibroker afl File section. This was added only a month ago.

If someone could improve upon it, would be fine
Cheers!

 

[MurAtt]

Hi,
its make or break time

Symmetrical Triangles are Generally a continuation pattern BUT Not Necessarily.

http://chart-patterns.netfirms.com/symmetrical.htm

Murtaza

 

[orderflow13]

Check for "Fibonacci Internal and External Retracements" by David K. in the Amibroker afl File section. This was added only a month ago.

If someone could improve upon it, would be fine
Cheers!

Thanks a ton SS, this will really save lot of time as by mouse cursor we fail to get exact peak and trough.
If one get bore of black color he/she can change color like this, copy pest below at the afl start.

SetChartBkGradientFill( ParamColor("BgTop", ColorRGB( 172,172,172 )),
ParamColor("BgBottom", ColorRGB( 172,172,172 )),ParamColor("titleblock",ColorRGB( 172,172,172 )));
SetChartBkColor(ParamColor("Outer panel color ",colorBlack)); // color of outer border

SetChartBkGradientFill( ParamColor("Inner panel color upper half", colorBlack),ParamColor("Inner panel color lower half",

colorBlack)); // color of inner panel

 

[learn2trade08]

i used to use this ....i am not sure if it can actually catch the peaks.back then,it needed a lot of fine tuning ...i am not sure if this is a updated version or the same....

Thanks a ton SS, this will really save lot of time as by mouse cursor we fail to get exact peak and trough.
If one get bore of black color he/she can change color like this, copy pest below at the afl start.

SetChartBkGradientFill( ParamColor("BgTop", ColorRGB( 172,172,172 )),
ParamColor("BgBottom", ColorRGB( 172,172,172 )),ParamColor("titleblock",ColorRGB( 172,172,172 )));
SetChartBkColor(ParamColor("Outer panel color ",colorBlack)); // color of outer border

SetChartBkGradientFill( ParamColor("Inner panel color upper half", colorBlack),ParamColor("Inner panel color lower half",

colorBlack)); // color of inner panel

 

[S S]

Thanks a ton SS, this will really save lot of time as by mouse cursor we fail to get exact peak and trough.
If one get bore of black color he/she can change color like this, copy pest below at the afl start.

SetChartBkGradientFill( ParamColor("BgTop", ColorRGB( 172,172,172 )),
ParamColor("BgBottom", ColorRGB( 172,172,172 )),ParamColor("titleblock",ColorRGB( 172,172,172 )));
SetChartBkColor(ParamColor("Outer panel color ",colorBlack)); // color of outer border

SetChartBkGradientFill( ParamColor("Inner panel color upper half", colorBlack),ParamColor("Inner panel color lower half", colorBlack)); // color of inner panel

Alex dear.... I have 4.90 Ami, and the changes you have suggested do NOT make any difference to my chart.... puzzling for me.

Can you post a chrt to show the difference, please?

 

[mitasatyajit]