The indicator used is Ekambit Strength Index (ESI), which makes it easy to identify trends and reversals using weighted multi-timeframe comparisons in the same chart.
We at Ekambit Technologies use it daily with consistent success in Indian markets, especially with
NIFTY and 
BANKNIFTY.
ESI indicator rules:
1) Above mid-zone & rising: uptrend
2) Falling from high-zone: uptrend reversal
3) Below mid-zone & falling: downtrend
4) Rising from low-zone: downtrend reversal
Apply the same indicator to VIX (in the same chart!) or upto 3 correlated instruments to gain greater conviction for your trades, as shown in the chart.
In addition to the chart timeframe, optionally 3 higher weighted timeframes can be used in ESI computation.
So in effect, ESI is a single indicator which provides an insight of 16 indicators (4 timeframes * 4 instruments).
Use the link below to obtain 7-days free access to ESI indicator.
We at Ekambit Technologies use it daily with consistent success in Indian markets, especially with
NIFTY and BANKNIFTY.ESI indicator rules:
1) Above mid-zone & rising: uptrend
2) Falling from high-zone: uptrend reversal
3) Below mid-zone & falling: downtrend
4) Rising from low-zone: downtrend reversal
Apply the same indicator to VIX (in the same chart!) or upto 3 correlated instruments to gain greater conviction for your trades, as shown in the chart.
In addition to the chart timeframe, optionally 3 higher weighted timeframes can be used in ESI computation.
So in effect, ESI is a single indicator which provides an insight of 16 indicators (4 timeframes * 4 instruments).
Use the link below to obtain 7-days free access to ESI indicator.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.