Re: [ISG:284434] Fwd: Daily Nifty Chart

[+ feltra]

Hi Ashish,

Thanks for the info.. But now, I am lost...  Can't make out from the explanation what's what...  Let me state my doubts:

I had thought that there are only 2 possible scenarios for open vs close
a) Close > Open
b) Close < Open
As I understand, a) Close > Open is a white candle (in the traditional black-n-white candles chart) and  b) Close < Open is a black (or red in this case) candle...  The tails at both ends signify the High and Low for that session.

Now, looking at the chart again (missed it the 1st time around, thanks Neo ji!),  there are 3 colored candles
1) red candle with red borders
2) white candle with green borders
3) white candle with red borders
1) and 2) I suppose are the traditional figures that map to b) and a) respectively (above).   Then what exactly is 3) ?   What is a white candle with red borders?

Can you please throw some detailed explanation or point to some site which explains?  Also, if you are in the know, pls let know which sw will give this kind of chart (3 types of candles).

Thanks & Regards,
-feltra

On Tue, Apr 3, 2012 at 5:51 AM, <scorp...@gmail.com> wrote:

The fill in the candle is based on its opening and closing.

For a fully green or red - opened higher, but closed lower.
Border green or red - opened lower, closed higher...

Thanks
Ashish

---

From: neo <fnord...@gmail.com>

Sender: investment...@googlegroups.com

Date: Tue, 3 Apr 2012 00:31:47 +0530

To: <investment...@googlegroups.com>

ReplyTo: investment...@googlegroups.com

Subject: Re: [ISG:284427] Fwd: Daily Nifty Chart

Good observation, Feltra..

I think its probably 7 MA line, but I can't figure out why there are four color candlesticks instead of two. What's the difference between a green candlestick & white candlestick with green outline...and between a red candle and white candle with red outline?

If I manage to figure that out, I would understand why there is no BUY signal on 9th March. In this chart it shows a white candle with a red outline. Since the closing price on that day was higher than opening, it should have been a green candle and since the red MA line on that day is below the close price, it should have generated BUY signal. 

On Mon, Apr 2, 2012 at 9:44 PM, + feltra <fel...@gmail.com> wrote:

Neo ji,

Your question prompted me to take a close look at the chart....  If I read it correctly, I think the signals are generated depending on price crossings above or below the red MA line (don't know what period it is). I.e:
a) When a white candle closes above the red MA line, its a Buy signal
b) When a red candle closes below the red MA line, its a Sell signal...

Arvind ji,  kindly confirm if this is correct... If not, I would also - like Neo ji - like to know how these signals are generated..

Thanks & Regards,
-feltra

On Mon, Apr 2, 2012 at 4:11 PM, neo <fnord...@gmail.com> wrote:

Arvindji,

If you don't mind sharing, can you tell which amibroker/metastock indicator you are using to generate buy-sell signals?

Thanks..

On Mon, Apr 2, 2012 at 10:56 AM, arvind irpatgire <airpa...@gmail.com> wrote:

Dear All,

Please find attached Chart.

Thanks,

Arvind Irpatgire

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.

--
Universal vision: To Live, To Love, To Learn, To Leave a legacy

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.

--
Universal vision: To Live, To Love, To Learn, To Leave a legacy

--
"Invest in Knowledge, Share with Others, Grow Together"
 
Group Home Page: http://groups.google.co.in/group/investmentsupergrowth/
 
Sheet: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGZZN0F2eGNIUkhWX01iV0NKTlhKcnc&pli=1#gid=0
 
ModelPortfolio: https://docs.google.com/spreadsheet/ccc?key=0AozC9odzFJ0wdGxvR1R2MU9UNnJNYTA0MHBpbmJLSnc&pli=1#gid=0
 
Submit KYM: https://docs.google.com/spreadsheet/viewform?formkey=dHpkZnRfTlVValVObk5HRG1qdVhtSGc6MQ#gid=0
 
ISG is an open forum for expressing views. Members recommending stocks may have positions thus having vested interest in the same. Individual members are requested to do their own research and/or consult a certified financial planner before making decisions with respect to buying and selling stocks or derivatives.
 
ISG, it's owner and moderators do not take any responsibility for the views expressed in the forum and any consequences including financial, legal or otherwise resulting from actions based on such views.