Nifty Trend indicator with 4 Hour timeframe
There are times when there is no clear trend in the index. This generally happens when the short term and longer time frame trades are not on the same page or the traders and investors are thinking differently about the markets.
The ongoing week is one such period in the market. The above conditions can be detected very easily with a trend indicator and using it on higher timeframe.
For example: The following chart shows the Trend for both 1 Hour and 4 Hour time frames.
The hourly trend shows traders activity while the half day (4 Hour) timeframe shows large investors take on the markets.
Right now the 1 Hour Trend is in Buy mode while the 4 Hour is in still Sell mode.
Perfect recipe for confusion and that's pretty much evident also as the Index is seeing buy form lows while the rallies are being faded out.
Related Post: Trend indicator with multi time frame
There are times when there is no clear trend in the index. This generally happens when the short term and longer time frame trades are not on the same page or the traders and investors are thinking differently about the markets.
The ongoing week is one such period in the market. The above conditions can be detected very easily with a trend indicator and using it on higher timeframe.
For example: The following chart shows the Trend for both 1 Hour and 4 Hour time frames.
The hourly trend shows traders activity while the half day (4 Hour) timeframe shows large investors take on the markets.
Right now the 1 Hour Trend is in Buy mode while the 4 Hour is in still Sell mode.
Perfect recipe for confusion and that's pretty much evident also as the Index is seeing buy form lows while the rallies are being faded out.
Related Post: Trend indicator with multi time frame
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