Banknifty Intraday Trading Strategy With Price Rate of Change[ROC]

Banknifty Intraday Trading Strategy With Price Rate of Change[ROC] in Zerodha

Timeline in the Video:
0:00 How to know BankNifty Price for tomorrow with prediction?
0:35 Lets learn the PROC on BankNifty
1:25 Price Rate of Change Indicator Setting
3:01 PROC Strategy for BankNifty
5:02 How to Avoid False Signals in BankNifty
6:25 How to do perfect entry and exit in BankNifty?
7:30 How to get perfect signals in BankNifty?
7:55 How to generate profit making signals in BankNifty Intraday?
8:30 BankNifty Best Timeframe for Intraday Trading
8:40 BankNifty Intraday Daily Trading Setup for Big Profits
9:25 BankNifty Price Prediction for Next Day Easily
10:50 Pure Price Action Strategy in Nifty and BankNifty
12:20 BankNifty Price Prediction with Good Accuracy
12:40 Trading Accuracy Improvement Trick

The Rate of Change (ROC) is a basic approach that asserts that anytime the ROC rises above zero from below, it provides positive momentum in the price, whereas when it goes below zero from above, it generates negative momentum in the price. The Price Rate of Change (ROC) oscillator is an unlimited momentum indicator that is placed against a zero-level midpoint in technical analysis.

There are three main states that can occur:
An upswing is usually confirmed by a rising RoC above zero.
A RoC that falls below 0 shows a downward tendency.
Consolidation is suggested by a RoC near zero.

Traders utilise it to spot chart divergences, situations that indicate overselling or overbuying, trend reversals, and trend confirmation. Many technical analysts and professionals use it as a leading indication to identify price extremes that will eventually return to the mean value. Traders generally enjoy it and give it a high rating when compared to other indicators. However, there are several disadvantages that traders should be aware of before entering a trade based on the Rate of Change indicator.

What is the function of the ROC Rate of Change indicator?
The ROC indicator is based on a straightforward calculation. Its ROC calculations are also straightforward, with only three variables in the formula. Because it is a non-banded oscillator, it follows shifting market trends to see if the trend speed is increasing, decreasing, or staying the same. It simply compares the closing prices of two different time periods. The period is set to 12 days by default. It finds the previous day's closing price and subtracts it from the current day's closing price. The difference is then plotted or accepted as the Rate of Change (ROC). This rate can also be expressed as a percentage. The ROC curve can be either positive or negative. Finally, Zero Line is employed as a point of reference.

What can traders learn from the Rate of Change indicator?
The Rate of Change is a momentum oscillator with prices that oscillate below and above the Zero Line. Its price calculation indicates readings that climb over a long period of time during a very strong rally. This is due to the fact that it has no boundaries. Furthermore, because its value is determined by the real price of the trading assets, it is typical for its calculations to extend to larger levels with time. It also displays positive as well as negative values. In the trading market, positive levels imply an uptrend, while negative ones indicate a decline.

What is the best way to use the Rate of Change indicator?
The Rate of Change indicator can be used to spot price divergences, confirm price changes, and monitor overselling and overbuying. It's worth noting that the Rate of Change indicator is applicable to all markets. There is no correct or incorrect setting. Every trader, on the other hand, must make decisions based on the financial market's volatility and overall market conditions.

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Видео Banknifty Intraday Trading Strategy With Price Rate of Change[ROC] канала HappyWealth