niftyonly trading

[timepass]

Nifty spot closed 10421.4

Long term bullish
Medium term bearish
SHORT TERM BULLISH, BEARISH IF CLOSES BELOW 10375
8DEMA 10335

 

[gopicbin1]

Nifty spot closed 10426.85

Long term bullish
Medium term bearish
Short term bullish, bearish if closes below 10380
8DEMA 10355

 

[gopicbin1]

Nifty spot closed 10410.9

Long term bullish
Medium term bearish
Short term bullish, bearish if closes below 10385
8DEMA 10365

 

[gopicbin1]

Nifty spot closed 10360.15

Long term bullish
Medium term bearish
SHORT TERM BEARISH, BULLISH IF CLOSES ABOVE 10385
8DEMA 10365

 

[timepass]

Nifty spot closed 10360.15

Long term bullish
Medium term bearish
SHORT TERM BEARISH, BULLISH IF CLOSES ABOVE 10385
8DEMA 10365

 

[timepass]

I guess the bullish trend will be more believable when 8dma is above the mda.

 

[gopicbin1]

Nifty spot closed 10195.15

Long term bullish
Medium term bearish
Short term bearish, bullish if closes above 10360
8DEMA 10330

 

[gopicbin1]

Nifty spot closed 10094.25

Long term bullish
Medium term bearish
Short term bearish, bullish if closes above 10325
8DEMA 10275

 

[gopicbin1]

Nifty spot closed 10124.35

Long term bullish
Medium term bearish
Short term bearish, bullish if closes above 10295
8DEMA 10245

 

[timepass]

Have you studied how the MDA s calculated ?? I googled and found this :

https://www.investopedia.com/articles/forex/09/mcginley-dynamic-indicator.asp

But the problem is how to calculate MD(-1) initially.

Suppose you had a new script and wanted to calculate MDA, how would you go about it ?