Nifty Analysis

[monkeybusiness]

What we see in the chart are the point with low time(x axis ) and (y axis ) for a day.
The x axis and y axis are actually in seconds. Like 09:16 a.m. will be 09*60+16 => 556.

Most high's are made at Open & Most low's at Close?

 

[vagar11]

Most high's are made at Open & Most low's at Close?

A single point represent a trading day.
X axis Low time
Y axis High time

If there is a point in the left top, that means for that trading day Nifty made the high at the end of the trading day and low at the open.

If there is a point in the right top, that means for that trading day Nifty made the high at the end of the trading day and low also at the end of the trading day. That's why chart is not dark at right top.

I hope I am clear now. Please feel free to ask..

 

[travi]

Most high's are made at Open & Most low's at Close?

Visual definition of classic trend days.

A very strong trending day starts at low and ends at high or vice versa.
That is why there is cluster at the top-left and bottom right.

Even a 50 point range day can give output to appear as trend, but the point is, most of the LoD/HoD occur at those extreme ends of time.

 

[vagar11]

Analysis of Opening Range Breakout system

For 5 min opening bar, Buy or sell at the break of the high or low of the bar. SL at opposite ends. If SL not hit, carried till the EOD.

Data tested from Jan 2012 to 30 Oct 2016.
Time in Minutes and Nifty point Gained

5 5442.85
6 5514.85
7 5863.35
8 5921.85
9 6163.7
10 6253.55
11 6887.15
12 7192.3
13 7454.4
14 7338.0
15 7472.3
16 7540.45
17 7754.3
18 7863.2
19 7601.05
20 7323.4
21 7450.7
22 7264.8
23 7269.5
24 7265.65
25 7382.75
26 7280.05
27 7455.45
28 7401.65
29 7330.55
30 7233.5

Almost 1000 trading days, if we consider brokerage and slippage, then it's not a good system.

 

[vagar11]

Nifty volatility for the last years and 13 SMA plotted.

 

[vagar11]

Data source is yahoo for this. I have found that yahoo does not have proper data. Please don't trust the above figures. Moderators can delete this thread.

 

[manojborle]

Data source is yahoo for this. I have found that yahoo does not have proper data. Please don't trust the above figures. Moderators can delete this thread.

You can get the Nifty data from here

 

[vagar11]

There is a 62% correlation in 5 min opening bar and daily closing.

 

[TradeOptions]

There is a 62% correlation in 5 min opening bar and daily closing.

You mean, if the 5 min opening bar is UP / Down, then there is 62 % chance that the Daily Close price would be similarly UP / Down. Or I got it wrong ?

Thanks and regards

 

[vagar11]

You mean, if the 5 min opening bar is UP / Down, then there is 62 % chance that the Daily Close price would be similarly UP / Down. Or I got it wrong ?

Thanks and regards

Yes. You got it right. So, if the opening 5 min opening bar is green, then there is a 62% chance day will also be green. Data is tested on 58 months shared by R M sharma. I guess most of us are using it.

Similar stats were for Banknifty.