In the last online webinar we learn about the basics of Tradingview Pinescript Programming and in the next webinar we will be learning some of the most used functions in pinescript and the classical technical indicator functions and how you can use those functions to build your own custom indicators and strategies.

Webinar Time : 21th Nov 2018 ( 8p.m – 9.30p.m IST)

Pine Script Functions

1)Inbuilt Indicator Functions
2)Iff Function
3)If and Else Function
4)Crossover, Crossunder Function
5)Highest and Lowest Functions
6)Pivot High , Pivot Low
7)Barsince
8)Valuewhen
9)rising functions
10)Custom Functions in Pinescript

After registering, you will receive a confirmation email containing information about joining the meeting.

The post Free Webinar : Learn the Basics of Tradingview – Pinescript Functions appeared first on Marketcalls.

Nifty Futures Quick Flip 5min Charts

Nifty Futures quick flip holding its buy mode since last two trading sessions current supports are coming around thin band of 10671 – 10678 levels. Short term sentiments are expected to change only if Nifty breaking and sustaining below the thin band of support levels. Near term resistance is expected around 10800 levels in Nifty Spot. Aggressive call writing is seen from the market participants in the last week.

Sector Sentiment

sector sentiment improved a lot and currently as on Nov 16th – 15 sectors are holding positive compared to 11 sectors on Nov 15th Market close. Overall market volatility is expected to be remain muted for some more period. Nifty Auto and Nifty media are currently showing signs of short-term negative extreme sentiment could be poised for short-term trend reversal in those counter.

Sectors like Nifty Bank, Nifty Financial Services, Nifty Energy, Nifty FMCG , Nifty Infra, Nifty Pharma, Nifty Pvt Bank, Nifty PSU Bank, Nifty Service Sector started trading above 200MA. Still not much of sectoral weekness seen at this point in medium term perspective.

The post Nifty Short Term Outlook and Sector Sentiment for November appeared first on Marketcalls.

Nifty Futures 5min Quick Flip

Daily Sentiment continues to be in a positive mode for last three trading session. Quick Flip immediate support comes around 10750-1760 band. Current uptrend is almost 1290 minutes old and interestingly Mondays session is dominated by emotional buyers and call writers are being active around 10800 levels which puts a cap on Nifty spot with EOD resistance around 10800 levels.

Daily Sentiment

Short-term trend could turn down if Nifty futures manages to sustain below 10750 levels. Any shorter term downtrend could possibly bring 10680 and 10580 levels on the downside.

The post Nifty Futures Quick Flip Short Term Update appeared first on Marketcalls.

Algostudio is a simple and clean user interface which is built on top of Upstox REST API with a large feature set, helping you to automate your quantitative trading who is looking to streamline their processes through automation and effective management of their day-to-day trading activities. Algostudio converts amibroker trading signals to automated orders. It is a single interface where provisions are made to execute and monitor your trade positions at one single place.

Algostudio Platform

Features of Algostudio

Supports Automated Trading.
Supports Bracket and Cover Orders.
Supports Place Order/Order Modification/Order Cancellation (Limit/Market/StopLoss/Bracket/Cover).
Close remaining positions from Amibroker if any.
Reads MTM, Traded Qty, Order placement Status from Amibroker Terminal.
Paper Trading Facility for all segments (Equity, Futures, Currency & Commodity Derivatives).
Supports all segments (Equity,Futures, Currency & Commodity Derivatives).
Real-time Watchlists and Place Order from the Watchlist.
Seamless Integration with Amibroker.
Track Open Positions and Intraday MTM
Get Alerts and Notifications on Trading Positions.
Intraday MTM Mobile Notifications at Frequent Intervals.
Time based Automated Square-off.
Separate Orderbook for Algos.
Set Intraday MTM based portfolio level stop loss and Targets.
Gets Todays Open, High, Low, LTP and Prev day close
Trade from Charts and Trade from Scanning/Exploration

Algostudio Paper Trading

Algostudio comes with an in-built Paper trading account where users can connect with their trading algorithm to test their trading strategies with virtual money. In paper trading users will be able to test their trading strategies without any real risk involved. It helps users to learn and test different order types, fine tune their trading strategies, to fix any issues with trading strategies before taking their strategy live

Supporting Platforms

Currently, the following platforms are supported for Automated Trading

1)Amibroker (AFL)
2)MS Excel (VBA script)
3)Python (Python COM)
4)Ninjatrader (Ninjascript)

What is Upstox API?

Upstox API is a set of rest APIs that provide data required to build a complete investment and trading platform. Execute orders in real time, manage user portfolio, stream live market data (using WebSocket), and more, with the easy to understand API collection.

Algostudio Open Positions

User Requirements
Upstox Trading Account
Upstox API Subscription
Amibroker AFL Knowledge
Amibroker Strategy Knowledge
Amibroker data feeds

Visit here For Detailed Algostudio Installation Instructions

What kind of Traders/Investor does AlgoStudio suits?

i)Technical Analyst who has ready made buy and sell trading rules.

ii)Part-time traders who knows how to trade and has better trading rules/system but cannot associate themselves with live market all the time.

iii)Fulltime traders or wannabe fulltime traders.

iv)Authorized persons who want to assist their clients and improve their business.

v)Experienced Traders who want to control their trading emotions via rule baBeginnersng.

vi)Begineers who want to get a hang of Algorithmic trading and upgrade their trading career with better skills.

The post Introduction to Algostudio 2.0 – Amibroker AutoTrading Bridge for Upstox API Users appeared first on Marketcalls.

October included a market phenomenon that left many economists and commentators scratching their heads.

US stocks and oil prices both dropped simultaneously. In fact, it was the worst month for oil in 2 years and the worst month for S&P 500 in over 7 years.

What was the “phenomenon”? Well, conventional wisdom says that rising oil prices are bearish for stocks. So, how could falling oil prices also be bearish for stocks?

In Chapter 2 of his seminal book, The Socionomic Theory of Finance, Robert Prechter covers 13 erroneous market correlations that most investor believe, but in fact are bogus. Armed with dozens of historical studies, Prechter scrutinizes the evidence regarding each claim. Here’s what he writes about the supposed correlation between oil and stock prices.

(Note: If you haven’t read The Socionomic Theory of Finance, you should. You’d be shocked how much of what you are fed is bogus. Learn more about the book, including how you can get it for free here.)

—

Excerpted from The Socionomic Theory of Finance by Robert Prechter

Claim #2: “rising oil prices are bearish for stocks.”

It would take months to collect all the statements that economists have made to the press over the past forty years to the effect that rising oil prices are “a concern” or that an unexpected (they’re always unexpected) “oil price shock” would force them to adjust or rescind their bullish outlook for stocks and the economy. Academic papers supporting this claim are legion.

For many economists, the underlying assumption about causality in this case stems from the experience of 1973-1974 after the Arab Oil Embargo, when stock prices went down as oil prices went up. That juxtaposition appeared to fit a sensible story of causation regarding oil prices and stock prices, to wit: Rising oil prices increase the cost of energy and therefore reduce corporate profits and consumers’ spending power, thus putting drags on stock prices and the economy.

These headlines are compatible with this claim:

Earnings, Lower Oil Prices Rally Stocks—USA Today, April 8, 2006
Surging Oil Prices Pull Stocks Lower—ABC News, July 14, 2006

Is the claim valid?

In response to these very headlines, the July 25, 2006 issue of The Elliott Wave Theorist offered Figure 6, showing the preceding three-year market environment. Examine it and see if you can discern any indication whatsoever that lower oil prices make stocks rise or vice versa. As I said at the time, “Oil and stocks have trended mostly in the same direction for more than three years, so these headlines are backwards.” Switching to forecasting mode, that issue added, “A falling oil price probably won’t be bullish for stocks, either. When deflation takes hold, they will probably both go down together.” That’s exactly what happened two years later, as you can see on the left-hand side of Figure 7.

One of the most revealing headlines of this period occurred a month into oil’s crash:

It’s hard to lose betting on stocks as oil falls

—USA Today,
August 12, 2008

The accompanying article offered a 20-year study that predicted how much each stock sector would rise during a bear market in oil. An economist and chief portfolio manager explained, “If oil prices are falling, a key cost for both consumers and businesses is also falling. It acts as a benefit for the stock market overall.” A fellow money manager agreed, saying, “Nothing bad happens if oil prices keep falling. But if oil prices turn up, uh oh.”¹ The causal case could hardly have been clearer. As it turns out, the very next trading day capped a three-week stock market rally, after which the Dow began to accelerate downward in its biggest bear market in three generations, all while plunging oil prices were providing their supposed benefit to consumers, businesses and the stock market.

On February 21, 2011, the price of oil rose for a day (ostensibly on unrest in the Middle East), and U.S. stocks fell. The media once again quoted many economists warning that an “oil-price shock” would be bearish for stocks and the economy. At least three world-class news publications ² ran lead editorials detailing the financial and economic damage said oil price shock might cause. Those assertions prompted our publication of Figure 7. Observe that as oil prices crashed 78% in five months, stock prices were cut in half; and then, as oil tripled, stocks doubled. These are not minor moves that one could dismiss as being anomalous. They include the biggest, fastest decline in oil prices ever along with the deepest stock market decline in 76 years, and the fastest oil-price-tripling on record along with the fastest two-year stock market rise in 72 years. Consider also that during most of the decline in both markets a recession was in progress, and during most of the rise in both markets an economic recovery was in progress. These are palpable refutations of economists’ causal hypothesis.

No one looking at these histories could wrest from them the idea that rising oil prices “shock” the stock market into a decline and the economy into a contraction and vice versa. Only those not looking at data who are married to their causal explanation and who routinely ignore evidence could tell reporters in February 2011 that a one-day rise in the oil price was bearish for stocks and that further rises in its price would wreak havoc on the stock market and the economy. Yet dozens of experts did just that, in dozens of articles.

As with our interest-rates example, an economist could account for the evidence in Figure 7 and stay true to his exogenous-cause model by reversing the direction of his exogenous-cause argument—as we did earlier with respect to the stock market and interest rates—to postulate that an expanding economy makes stock prices and oil prices rise and fall together. He could offer the following logic: As the economy expands, business picks up, so stock prices rise; and as businesses operate at higher capacity, demand for energy rises, pushing up the price of oil. That’s why prices for stocks and oil go up together. That makes sense, too, doesn’t it?

An economist who made that case, however, would have to tell the media that the one-day rise in the oil price was bullish and that a falling oil price would jeopardize the stock market and the economy. Would economists ever say such a thing?

—

In the rest of this chapter, Prechter investigates the correlations between stock prices and interest rates, corporate earnings, employment … and much, much more. It’s an essential read for serious investors. Learn more here.

The post How NOT to Be Among the MANY Investors Fooled by This Market Myth appeared first on Marketcalls.

Nifty November futures post emotional buyers dominance took a 100 pointer on the downside. Trading sentiment turned down on the daily charts with immediate quick flip resistance comes around 10663-10674 band. Trading Focus remains down as long as the price is able to hold down below the immediate resistance band. Short term focus on the downside is towards the 10640 and 10580 reference levels.

Nifty Futures Quick flip strategy

Call writers are staying aggressive at 10800 strike price which remains as the EOD resistance for this series in Nifty Spot. Nifty daily volatility continues to be in a compressed mode where the 20-Day ATR levels are sliding. That puts a check that volatility and emotions are thus far in control for this series. However, the near-term events like GDP growth announcement on 30th Nov, RBI policy announcements on 5th Dec and Rajasthan December election results could bring elevated volatility in the markets.

The post Nifty November Futures Flips to Negative Short term Trend appeared first on Marketcalls.

Learn the nuances of trading/investing strategies, the art of chart reading and picking up high probability trades. It is an educational workshop for active traders focused on how to pick low-risk, high potential entry points for your trade.

What you will learn?

1)High Probability Positional Trades using Traders Behavior.
2)Learn to Identify potential short covering rally/Long Liquidation setups.
3)Lean when to use supertrend and when not to use supertrend.
4)Lintra – Intraday and Positional Trading System for Bank Nifty.
5)Vlintra – Positional Trading System for Bank Nifty and High Beta Stocks.
5)Vlintra – Ultimate – Intraday Portfolio Trading System and How to Automate it.
6)Quick Flip Trading System – Use to identify momentum trades & identify the trend very earlier for investing.
7)How to understand the emotions behind gaps and how to trade gaps.
8)When to trade – before the event / post the event.
9)Managing the Risk with Heding Positions.
10)Potential Market Top/Bottom Setups using Market Profile.
11)Money Management Practices, When to Scale in/Scale Out.
12)How to setup professional charting desk/ required software tools/accessories.
13)How to Identify sideways markets using Expected Value.
14)How to Identify Trading Range for Nifty using PCR charts.
15)How to Identify where most of the traders keep their stoploss.
16)How to Identify the Market Confidence using Market Confidence Indicator.
17)How to Identify Trend Cycles using Turbo RSI.
18)Learn to do Top Down Analysis and How to build a successful day trading plan.

Where do I attend the course?

About the Mentor

Rajandran is a Full time trader and founder of Marketcalls and co-founder of Traderscafe, hugely interested in building timing models, algos , discretionary trading concepts and Trading Sentimental analysis. He now instructs users all over the world, from experienced traders, professional traders to individual traders.
Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading software like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma), Metatrader, Tradingivew, Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Benifits of Attending the Workshop

1)Lifetime Access to Marketcalls Private & professional trading community
2)Access to Recorded Webinars on Amibroker, Ninjatrader, Options Studies, Market Profile , Harmonics & Volume Analysis
with more than 100+ hours of recorded webinars
3)Access to Tradestudio ( Marketcalls Proprietery Trading Systems/Indicators/Scanners/Algos/Trading Alerts)

Pre-Requisites
Knowledge about Futures and Options Trading Concepts, Basics of Technical Analysis.

Frequently Asked Questions

Should I attend the programme?

The course suits for day timeframe traders, positional traders and a mix of traders looking for active investing/active trading strategies.

What are the Software Tools used in the Workshop
Technical Analysis Softwares like Amibroker and Ninjatrader will be used predominantly.

What is Trade Studio?
TradeStudio is a Amibroker Plugin Worth Rs20,000/- which gives access to set of Marketcalls Proprietary Custom Indicators, Trading Strategies (Intraday & Positional) & Scanners from Marketcalls. All the attendees will get the privilege of accessing in Trade Studio in Amibroker up to 1 Year.

How do I contact the Instructor post the course?
Lifetime Slack Access will be provided to our private trading community where we will be discussing algo trading, trading strategies, trading api and best practices.

Do you Provide Wifi Facilities at the Venue?
No, Participants are requested to bring their own 3G/4G dongle.

The post [Online Workshop] Trading Strategies for Active Traders appeared first on Marketcalls.

Daily Sector Sentiment

Out of 28 sectors/indices that we are monitoring 25 sectors, daily sentiment turned negative since last Wednesday and only 3 sectors (Media, Pharma, Realty) are holding with positive sentiment. And Most of the sectors which tested above 200 day MA got back below 200 MA last week. Currently sectors like pharma, FMCG, Fin Service are holding above 200MA.

Overall immediate short-term sectoral weakness is expected to continue in near term. Weekly Sentiment is still broadly positive with 24 sectoral indices holding in green indicating medium-term strength is still holding on.

Weekly Sector Sentiment

The post Most of the Sectors Sentiment turned Negative appeared first on Marketcalls.

Here is a video tutorial which explains how to make use of your Amibroker backtesting report by building simple metrics and visualize your trading strategy with MS Excel Pivot tables. Some of the metrics built in this video include total profitable months, total losing months, Max Profitable Month, Max Profitable Loss and the visualization of the month on month profitability using condition-based coloring and pivot table charts for a better understanding of risk-reward ratio involved in your trading strategy.

For more in-depth insights into a trading strategy consider attending Online Workshop on Trading Strategies for Active Traders

Here are the data visualization and simple metrics that got created from Amibroker backtesting report. In this example 1000000 initial capital used and the tested time period is almost 7.5 years on Bank Nifty 5min charts.

Monthly Trading Stratgegy Profit/Loss Heatmap

Monthly Profit Visualization

The post How to Build Simple Metrics using Excel from Amibroker Backtesting Report appeared first on Marketcalls.

In this webinar, you will be learning how to create How to Create Multi Timeframe Trading Strategy. Also we will be looking into some of the multi timeframe strategies and insights on how multi timeframe apporach could help you to take better trading decisions.

Date & Timing: 29th Nov 2018, 08.00p.m – 09.00p.m IST

Webinar Agenda

1)How to perform multi timeframe tradiing strategies

2)Entry and Exits in Multi timeframe strategies

3)How to choose Best Multi timeframe combinations

4)Top Down Approach to get the Bird eye view using Multi timeframe Analysis

After registering, you will receive a confirmation email containing information about joining the meeting.

The post [Webinar] : How to Create Multi Timeframe Trading Strategies appeared first on Marketcalls.

Here is a simple tutorial on how to spot intraday mean reversion trading opportunities when you are able to spot an ABC elongation pattern in market profile. This video tutorial classifies tradeable and nontradeable ABC elongation intraday patterns and how one can confirm using orderflow tool to trade quick and fast mean reversion oppoutunities. This market profile tutorial explains with real life trading example from instruments like Nifty, Bank Nifty, Reliance Futures. It also discusses, When the ABC elongation is spotted, how long the trader have to wait for the trade opportunity and how one can take confirmation via orderflow.

Pre-requesite
-Basic Market Profile Knowledge
-Ninjatrader 8
-Bell TPO Market Profile indicator

Currently, video tutorial access is limited only for marketcalls premium users and TradeZilla workshop attendees.

The post [Premium] : Market Profile Tutorial on How to Trade ABC Elongation using Market Profile and Orderflow Charts appeared first on Marketcalls.

WTIC Crude is in a clear downtrend since the start of Oct 2018. November month alone it lost more than -21%. Currently crude is trading above the psyhogical support zone 50 which is expected to provide better support zone and short term buying is expected to happen in this zone as long as 50 is protected on the downside.

In todays activity crude had broken 4 day low and got back into the range. Looks like some tigher stops held below the psychological reference. Price got a break below 4 day llow and got back into the range. This could potentially target nearest resistance levels 52.3 and 54 respectively.

Crude is consolidating between 50-52 zone for the past 4 trading sessions which is relatively good for the steep downtrend to take a pause and get back into counter trend reversal mode. Daily Sentiment holding positive is an addon for positive sentiment. Price spending more time below 4 day low (50.04) is a pattern invalidation.

The post WTIC Crude Oil Getting Oversold? appeared first on Marketcalls.

Algoaction is a Next Generation Algotrading Platform built on top of low latency Tradejini Arrow API. Algoaction brings clean user interface and smart algo engine to simplify algotrading process for budding algorithmic traders and highly trained algo traders.

Download AFL discussed in the webinar – Algoaction V1.0.zip

Get started with Algoaction [Beta] introductory session and learn to understand how algoaction simplifies algorithmic trading process and learn how you can connect with trading software tools like Amibroker to perform fully automated trading.

Date & Time: 1st Dec 2018 3p.m – 4p.m

Objectives:

See what’s new in AlgoAction Beta and learn how to participate in the Beta process.

Agenda

1)Introduction to Algotrading
2)Algotrading requirements
3)Tools required for setting up Algotrading.
3)How Algoaction simplifies algotrading requirements
4)Algoaction Features
5)How to send algo orders from Charts/scan/exploration
6)Q&A Session

The post [Recorded Webinar] Introduction to AlgoAction – Web Based Algo Trading Platform appeared first on Marketcalls.

Learn to use Orderflow – the most powerful too to analyse the market activity and to interpret truly what is happening in the markets. This orderflow course helps intraday traders/scalpers to understand how to utilize the tool to take better trading decisions.

It helps traders
– to view the market objectively & build objective trading rules
– to identify high probability trading patterns
– to identify major intraday reversal points
– to understand the traders behavior
– Learn to identify key price acceptance/price rejection levels
– How to prepare for the intraday trading and design your game plan

Introduction to Orderflow – Crash Course

Lesson 1 : Introduction to Auction Theory, Orderflow & Market Depth 101
Lesson 2 : How to Setup Orderflow Charts, Orderflow Settings, Datafeed Vendors
Lesson 3 : Orderflow using Minute Bars, Range Bars, UniRenko Bars which one to use?
Lesson 4 : Understanding Market Particiants
Lesson 5 : Importance of Delta & Point of Control
Lesson 6 : Orderflow Support & Resistance levels
Lesson 7 : How one can identify Absoption from Orderflow
Lesson 8 : Identify Orderflow Momentum Patterns & Momentum Exhausion (Trend Reversal) Patterns
Lesson 9 : How to Combine Orderflow with Market Profile / Price Action Studies
Lesson 10: Best Orderflow Trading Pratcies
Lesson 11: Intraday Scalping Strategies using Orderflow
Lesson 12: Case Studies & Conclusion

Where do I attend the course?

About the Mentor

Rajandran is a Full time trader and founder of Marketcalls and co-founder of Traderscafe, hugely interested in building timing models, algos , discretionary trading concepts and Trading Sentimental analysis. He now instructs users all over the world, from experienced traders, professional traders to individual traders.
Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading software like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma), Metatrader, Tradingivew, Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Frequently Asked Questions and Answers:

How is the course delivered?

After registering for the course you will be getting access to the webinar link. Webinar link
will be deivered 1-2 days before the course starts.

What Instruments Can I use to trade?

Course contents are designed relative to NSE Futures (Nifty, Bank Nifty, Stocks). However same concepts are applicable for any high liquid trading instrument.

Which Orderflow software do you recommend?

We recommend belltpo.com orderflow tool on Ninjatrader 8 platform.

Do I get access to Past Orderflow webinars?

Yes you will 1 Year Premium membership to access past/present webinars on orderflow.

How can I get access to Marketcalls Private Trading Group?

You will be getting Lifetime access to Market Profile/ Orderflow trading community where we pratice Market Profile / Orderflow day in – day out.

Do I need any prior trading experience?

Basic Futures and Options Knowledge is enough. However if you already have trading experience that will be a addon.

For Queries:

The post [Online Workshop] Crash Course on Orderflow appeared first on Marketcalls.

In the last webinar, we discussed how to send automated orders via AlgoAction platform. In this webinar, we will be looking closer into the understanding of chart-based trading vs Exploration based Automated Trading. This webinar also explores the pros and cons of chart-based trading vs scan/exploration based trading using Amibroke software. Traders will be learning, what are the day to day operations required for chart based or scan/exploration based automated trading.

Webinar Date & Time : 6th Dec 2018 , 8p.m – 10p.m

Agenda

1)How to Setup Chart Based Trading
2)How to Setup Scan/Exploration Trading
3)How to Trade Portfolio of Stocks
4)What is the ideal scan/exploration frequency
5)Which one is better chart based or scan/exploration based
6)How many chart one can run for automated trading

After registering, you will receive a confirmation email containing information about joining the meeting.

The post Chart Based Vs Scan/Exploration Based Automated Trading – Amibroker appeared first on Marketcalls.

This tutorial demonstrates how to send orders from Amibroker to Algoaction using Simple GUI buttons. GUI buttons are newer functions in Amibroker 6.21 version onwards. This utilize this afl code requires Amibroker 6.21 version or higher and access to Algoaction + Tradejini arrow API.

Currently, Amibroker version 6.22 features preliminary support for native chart GUI (buttons and edits at the moment). Voice alerts are added to the code. Voice alerts automatically gets triggered whenever buy or sell button is pressed.

Button Trading in Amibroker – AFL Code

The post Button Trading in Amibroker using AlgoAction Platform appeared first on Marketcalls.

Last time Nifty Pharma rejected around 10700+ levels. Interestingly this time both short term and medium term view sentiment shifts to a positive mode which brings a positive outlook into Nifty Pharma sector. More likely this time 10700 is likely to breach this time.

Volatility during Oct and Nov month got settled down post the September volatility spike. Possibly a short-term bottom can be anticipated here with immediate support comes around
9120 levels. Responsive Coppock indicator is holding positive since Oct 2018. Probably a good zone to look for short term investment bets in Pharma stocks. Here is out past extreme sentiment analysis on Nifty pharma – 6 Reasons Why Nifty Pharma Will Make 50% upside from here.

The post Nifty Pharma does 200MA Hook Reversal and Responsive Coppock Turns Positive appeared first on Marketcalls.

Nifty Futures is continuing its uptrend and approximately made 4% in the last 6 trading sessions. Immediate supports are coming around 10910 levels. Price sustaining below 10910 levels could bring a short-term downtrend towards Friday low i.e 10857 levels. Currently, quick flip uptrend on 5min charts is almost more than 1800 trading minutes old which is an outlier going by historical stats of quick flip holding period

Trading sentiment holding positive for the last 5 trading sessions. Since RBI policy announcement is lined up. No major move trend reversal is expected in a very short term immediately. Possibly market could be in a range bound between 10800 – 10950 range.

The post Nifty Futures Quick Flip December Overview : Short Term Outlook appeared first on Marketcalls.

Open Range Breakout is a simple strategy which monitors first 5min / 15min / 15min / 30min / 60min range from the start of the market. From the opening high range and low range is calculated for the specified timeframe. Most of the AFL code found on the internet is either buggy or not suitable for building back-testable trading systems. To solve this issue we are releasing a prototype for ORB – Open Range Breakout Levels. On top of this indicator now traders can built backtestable trading systems.

Recommended Timeframe to Run this strategy : 1min or 5min charts (Higher timeframe may or may not yield desired results)

By default code uses 60min range breakout from the market open. However Parameters can be changed from the Parameter window. Currently Open Range breakout options are available for 5min / 15min / 15min / 30min / 60min ranges. However if someone needs a customized ORB range then code customization needs to be done accordingly.

Code will start plotting the Open Range values only if the Open Range timeframe is completed else nothing will be plotted. For example for an Open Range value of 60min. Plot will start only from 10:15:00 onwards for NSE Futures instruments and will start from 11:00:00 onwards for MCX futures instruments automatically.

Code works well with Illiquid scripts. Quick AFL is turned off to compute for all the bars.

Code Snippet : ORB – Open Range Breakout Levels – Amibroker AFL Code

The post Code Snippet : ORB – Open Range Breakout Levels – Amibroker AFL Code (Better Version) appeared first on Marketcalls.

Nifty futures is showing extreme indications with quick flip currently in sell mode. Resistance upgraded to 10667. Price holding above 10667 could bring a possible test towards 10725 levels and 10800 levels. Current downleg of rally started post the India Quarterly GDP announcement. So far the current sell-off is attributed to Global Market sell-off.

Nifty futures daily trading sentiment continues to be negative with island reversal pattern formation.

The post Nifty Futures Extreme Indications – Short Term Overview appeared first on Marketcalls.