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Sunday, June 2, 2019

BSE Sensex : A Study in Time Frame of 55 Days with MACD (5,34,5) aka ElliotWave Oscillator

BSE Sensex Index is being compiled since 3rd April 1979 on closing basis and from 2nd January 1991 on OHLC basis ; as such, a Time Frame of 55 DaysCycle  (Open, High, Low & Close over a period of 55 days for the Index) cover the full range of the Index since inception  in 168 candles . With first 34 candles being used to create appropriate EMA's , the Elliot Wave Oscillators are being made for a proper study of Sensex Index. Chart in   (in log Scale ) :


A chart with full range of Data follows: 


Some swing value with selected Macd's are tabulated for ready reference :
 
 



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