Daily charts:
- trend is down on daily charts
- today nifty closed flat at 10652
- AD was flat
5 min charts:
- trend was already down
- break of day's low was one more sell signal... did not trade
- this trade got stopped out
Note when a market starts trading in a small range, the kplswing indicator can give whipsaws. Infact, all indicators will fail.
A solution is to increase the parameter value (N in this case, from 20 to say 30)
Conversely when profits come faster than expected, reduce the value of N from 20 to say 10
- trend is down on daily charts
- today nifty closed flat at 10652
- AD was flat
5 min charts:
- trend was already down
- break of day's low was one more sell signal... did not trade
- this trade got stopped out
Note when a market starts trading in a small range, the kplswing indicator can give whipsaws. Infact, all indicators will fail.
A solution is to increase the parameter value (N in this case, from 20 to say 30)
Conversely when profits come faster than expected, reduce the value of N from 20 to say 10
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