What is the Matrix series?

• This indicator detects potential market reversals and identifies accumulation/distribution zones.
•  Compatible with any instrument and time frame, parameters should be adjusted freely. Each level acts as support and resistance.
• It was designed by Glaz, who designed it to measure the directional movement of stocks

How do interpret Matrix Series?

• A blue dot appears when the oscillator crosses the +200 overbought level or the -200 oversold level

Building long positions 

• If the matrix series indicator candle is oversold and closes within the underline
• Buy if the market forms a bullish candle when the Matrix series indicator is green
• Let’s look at an example in the table below (Reliance on Daily timeframe)

• 5 Buy calls generated by Matrix Series

Building Short positions 

• A short position is created when the Matrix Series indicator candlestick is overbought and closes within the lower line.
• Sell ​​when the market forms a bearish candle when the matrix series indicator is red
• Let’s look at an example in the table below (TataSteel on Daily timeframe)

• 5 sell calls generated by Matrix Series

Awesome, but what’s my takeaway?

•  ASIANPAINT, ADANIENT, HDFCAMC, BAJAJFINSV & RELIANCE have given a buy call on a daily time frame (Building long position using Matrix Series)
• ITC, TATASTEEL, ATGL, OIL & PETRONET have given a sell call on a daily time frame (Building Short Position using Matrix series)