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#1
30th November 2006, 05:56 PM
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Help on detection of Trend & its software
To All SR. Members
Whether Trend is Up or Down that doesnot matter but one should catch a ship of Trend & leave it before its reversal I have Fibotrader Free software , trying to detect trend with so many indicators , reading book on candlestick pattern. But still not successful totally in early detection or at the innitial time of trend so I am in need of a software which will indicate that whether the share is trending , also which measures strength of trend & which can give early detection of reversal of trend. or tell me which indicators i should use & how in fibotrader to detect trend early or its in innitial period along with detection of reversal of trend ( what is happening with me is when i noticed trend its nearly 30% journey is over & after that one reverse colour candle or doji comes i.e if trend is up , then for some prd it goes down & vice versa in this case how to recognise that it is not reversal of trend ) I am interested in short term trend only i.e. 6 to 10 days max. I also post the same thread in Software Forum as it is request to guide me in using Trend dection softwarel Kindly help me 
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#2
30th November 2006, 07:17 PM
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Re: Help on detection of Trend & its software
IMHO a good look of bar chart/candlestick chart (I prefer bar chart) will give enough clues for short term trend reversals. Further, operators are known to make misleading moves in the short term to trap others. Look at daily chart of last one month of Gujarat Apollo Equipment (BSE Ticker: 522217). It was in a nice downtrend. Now inspect last two days movement of share price. If one tries to enter long now, IMHO he is bound to suffer loss. Be careful to serach for that elusive software or elusive indicator. Human brain can conjure many things to hoodwink all these softwares and indicators.
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