Hi friends
This is one of the trend change finding methods using 9ema. Method is same but with some minor modifications by KK’s factory
Method :
- Calculate 9 days EMA for nifty
- Calculate the difference between previous days 9ema and current days 9ema
Copy the formula for the entire historical data set.
Now you can find difference as +ve number series or -ve number series basis the current trend which is going on.
When to enter the trade ?
If the current trend is UP and accordingly difference will be +ve numbers. When the number changes to –ve and difference is more than -0.06% of current days close value, then SELL
Similarly,
If the current trend is DOWN and accordingly the difference will be –ve numbers. When the number changes to +ve and the difference is more than +0.06% of current days close value, then BUY.
Accuracy of this method is almost 85 to 87%
Kindly back test with past data and confirm your findings.
Thank you
