Multitimeframe Sentimental Meter
Sentimental Dashboard is added in our live charting section (NSESignals and MCX Signals Section) to measure the strength in the market. Sentimental Dashboard shows 8 historical values for Multiple Timeframes like 15min, Hourly and Daily). And the reading ranges between 0-100. The right most meter indicates the most recent value.
Increasing reading indicates the possibility of market moving in uptrend and decreasing value indicates a possible downtrend. One can adopt 15min to capture very shorter term movements in the markets(short term intraday especially for holding position ranging between 15min – 2 hours). However 60 min sentimental will give more clarity about the trend for any day (This for traders holding their position anywhere ranging from 1 hour – 8 hours). And Daily Sentimental Meter will give more clarity about the carry forwarding positions to next day.
This sentimental dashboard make sense more for discretionary traders who wants to enter the trend at the earliest and exit closer to the top however it does not benefit much for System Traders.
Market Profile with Letters
Market Profile with Letters ( TPO Size =4, Charts = 30min, Profile Letters = 30min , Daily Profile) for Nifty Futures which benifits the Market Profile Learners in understanding the patterns to take better intraday decisions and 10 more banking stocks from Nifty 50 are choosen to display market profile and currently in Open Beta Stage. And to learn from the Market Profile Experts below the charts you can observe and learn the Market Profile Expert talks from Twitter to make your learning curve steeper.
More tutorials for Market Profile beginners will be available shortly. However if you want to start faster then the following books are recommended
1)Markets in Profile: Profiting from the Auction Process (Wiley Trading)
2)Market Profile Handbook
3)Steidlmayer on Markets: Trading with Market Profile, 2nd Edition
Interactive Charts
The frequent crashing bug in Interactive Charting section is solved and the solution is more stable now and can handle any level of traffic spikes during market/non market hours!
Hope as a trader you take maximum advantage from our site. Put your feedbacks, Suggestions down below to improve our site one step better!
Related Readings and Observations
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