Nse Nifty Index is available in OHLC basis since 06 November 1995 ; here is a 5DaysCycle chart wherein Open from a range of 5 Days' DATA, High & Low of that range & finally Close were selected from Data sourced from NSE site and a Chart was created with excel in usual course :
Exponential Moving Average over 5 & 34 periods were derived & finally MACD (5,34,5) were derived. Let me list a few key observations :
Over a 5DaysCycle Nifty is having lots of up & down (Including side wise moves) over 1875 Minutes in consecutive five days but represented in a single Candle.
Out of 1095 candles, Macd were found to be positive (i.e., EMA_5 > EMA_34 so that immediate (current) trend were robust than longer-time trend) in about 77% period & rest in negative. Following two tables list such trend :
Notice consecutive periods of positive duration in range of 1 to 99 but mostly double digit numbers showing bullishness.
In contrast negative duration in range of 1 to 33 but mostly single digit numbers showing bearishness.
Exponential Moving Average over 5 & 34 periods were derived & finally MACD (5,34,5) were derived. Let me list a few key observations :
Over a 5DaysCycle Nifty is having lots of up & down (Including side wise moves) over 1875 Minutes in consecutive five days but represented in a single Candle.
Out of 1095 candles, Macd were found to be positive (i.e., EMA_5 > EMA_34 so that immediate (current) trend were robust than longer-time trend) in about 77% period & rest in negative. Following two tables list such trend :
Notice consecutive periods of positive duration in range of 1 to 99 but mostly double digit numbers showing bullishness.
In contrast negative duration in range of 1 to 33 but mostly single digit numbers showing bearishness.
No comments:
Post a Comment