Charts and trades

suri112000

Well-Known Member
#3
How come the charts show shorts/longs at extreme positions ??

I am guessing that the line is Supertrend indicator. Why not initiate position when the indicator changes direction ?
Last Nifty trade gave a total of 4832 points in 2+1+1 lots.
Banknifty trade gave a total of 14173 points in 2+1+1 lots.

Logic is based on large swings. Signal looks silly in short sight.
 

suri112000

Well-Known Member
#5
The indicator works as mere risk control. You can see the actual signals in Red and Green arrows which are clearly printed on the charts.
 

suri112000

Well-Known Member
#10
I believe the Green & Red arrows which appear as Signal is based on the the candle closing below or above the previous ST Indicator High/Low...
I appreciate your assumption. But I suggest you to wait for some more days to know the actual basis of the signals.
 

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