On 274th day of O(pen)H(igh)L(ow)C(lose) Data
availability (4th December 1996) , #Nifty Index showed the life time
LOW of 775.43 & on 5471th day
(17-Oct-2017) the A(ll)T(ime)H(igh) of 10251.85
was seen after (5471 – 274 =) 5197 days ; ATF as such is 34.65 days.
I presume my 34 DaysCycle chart is OK in the present circumstance. Let us
have a look for Period end 23/10/2017 :-
Next is a 150 candle Chart to comply with Macd (5,34,5) better representation :-
A table with select values of Nifty & Macd may be referred for both the above charts.
Significantly, low to high were in the range of 521 to 5507 over the long duration & subsequent correction (High to low) were in the range of 44 to 95%. EMA_5 were more than EMA_34 in about 79% time (118 candle in positive territory while 32 in negative in the last 150 candle count).
But for a short period of 2 candles (with dip of #ZeroLine during 4531), Macd were in positive territory during last 41 candle nearly 6 years. Looking at EMA's chart there is a little chance of dip even though divergence shown : -
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