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TradeWithAB SignalsThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results. Guidelines :- 1. Default Timeframe - 5 min 2. You have to take almost all the trade generated by this indicator on a particular stock/index for better results. 3. Signal confirmation is required for enter the trade as it will give you maximum profits. 4. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal. 5. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios. 6. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios. 7. Ignore the signals(if any) of 1st candle(9:15)and last candle(3:25)of the day for better results. BUY Trade Management :- 1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the LOW of the signal generated candle. 4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated. 5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade. 7. After Exiting the trade you always have option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures. SELL Trade Management :- 1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the HIGH of the signal generated candle. 4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated. 5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures. Disclaimer :- *I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well. Instructions to access to this invite-only script:- *Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
Pine Script® göstergesi
Trade_With_AB tarafından
SGX Nifty OHLC for Nifty 50 IndexSGX Nifty OHLC for Nifty 50 Index What is this Indicator? • This indicator calculates the OHLC levels of SGX Nifty. How does SGX Nifty impact NIFTY and the Indian Market? • Helps in predicting NIFTY50 Index behavior. • The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50. • SGX Nifty OHLC levels can act as support and resistance in Nifty50. Who to use? • Beneficial for Day Traders, who trade in NIFTY Index. What timeframe to use? • Use 1 minute for better accuracy. • Other timeframes will also work. Important Note • Use 1 min timeframe for accurate OHLC. • In other timeframes OHLC will have negligible difference, it won't be huge. • This indicator will appear only on NIFTY Index and Futures chart. • To hide the warning label go to the indicator Menu.
Pine Script® göstergesi
Arun_K_Bhaskar tarafından
7
Inside Bar SetupScript Details - This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day) - Basis plotted inside bar, relevant targets are marked on the chart - Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings How to use this script ? - This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index - If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high Remember: 1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction. 2. If range of mother candle is very high, it is recommended to avoid the trade. 3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame Example: 1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less. 2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle. 3. As seen in the chart, both the targets are achieved. Additional Info: 1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well. 2. This script plots targets basis the first inside bar formed in the day for selected time frame. 3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar) 4. Don't forget to check volume in case of breakout/breakdown. Note: 1. Mother Candle - First Candle of Inside Bar 2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar) Happy Trading :)
Pine Script® göstergesi
dixitsoham7 tarafından
42
OHL Screener by KiranScript is intended to scan Open = High and Open = Low (OHL) stocks for selected Opening Range in minutes. I have added NSE NIFTY 50 stocks as default input for the script. Hopefully it will work with other stocks and exchanges. Opening Range time is limited to the "1 min, 3 min, 5 min, 15 min, 30 min and 60 min" as OHL generally required for Intraday. Stock qualified criteria OPEN = LOW (in selected Opening Range timeframe) will be listed in the table at TOP RIGHT corner of the chart screen in a green background. Stock qualified criteria OPEN = HIGH (in selected Opening Range timeframe) will be listed in the table at BOTTOM LEFT corner of the chart screen in a red background. Script scans stocks irrespective of current chart symbol and current time frame on the chart. Limitations: - Maximum 40 stocks can be scanned. - request.security can't be placed under loop hence repeat call to request.security should be placed on separate line
Pine Script® göstergesi
phulekv tarafından
21
Average Daily Range (ADR) (Multi Timeframe, Multi Period)Average Daily Range (ADR) (Multi Timeframe, Multi Period, Extended Levels) Tips • Narrow Zones are an indication of breakouts. It can be a very tight range as well. • Wider Zones can be Sideways or Volatile. What is this Indicator? • This is Average Daily Range (ADR) Zones or Pivots. • This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended Target Levels. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the reversal points. • The levels are more accurate and not like the old formulas. • Can practically follow the Buy Low and Sell High principle. • Helps to keep minimum Stop Loss. Who to use? • Highly beneficial for Day Traders • It can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. When to use? • Any market conditions. How to use? Entry • Long entry when the Price reach at or closer to the Green Support zone. • Long entry when the Price retrace to the Red Resistance zone. • Short entry when the Price reach at or closer to the Red Resistance zone. • Short entry when the Price retrace to the Green Support zone. • Long or Short at the Pivot line. Exit • Use past ADR levels as targets. • Or use the Target levels in the indicator for breakouts. • Use the Pivot line as target. • Use Support or Resistance Zones as targets in reversal method. What are the Lines? Gray Line: • It the day Open or can be considered as Pivot. Red & Green ADR Zones: • Red Zone is Resistance. • Green Zone is Support. • Mostly price can reverse from this Zones. • Multiple Red and Green Lines forms a Zone. • These lines are average levels of past days which helps to figure out the maximum and minimum price range that can be moved in that day. • The default number of days are 5, 7 and 14. This can be customized. Red & Green Target Lines: • These are Target levels. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level. General Tips • It is good if Stock trend is same as that of the Index trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%.
Pine Script® göstergesi
Arun_K_Bhaskar tarafından
100
VWAP For NIFTY & BANKNIFTY [Zero54]NIFTY and BANKNIFTY Being Index do not have VWAP (because there is no volume generated). This is a simple script that displays NIFTY's future VWAP on NIFTY's Spot chart and similarly, displays BANKNIFTY's future VWAP on BANKNIFTY's sport chart. Fast and quick. Just few lines of code. No hefty un-necessary calculations. No settings necessary. The script automatically detects NIFTY and BANKNIFTY and displays the corresponding VWAP. Enjoy and share the knowledge. If you love this script, please boost/love this script and add a comment. Cheers! NSE:NIFTY NSE:BANKNIFTY
Pine Script® göstergesi
zero54 tarafından
IPB_PBOThis indicator is called Indian Pivot Boss _ Pivot Based Oscillator. This is an oscillator based on pivot level of each candle. It is based on the concept outlined in the Secrets of Pivot Boss book. It is the average of mutual differences between fast moving average, medium moving average and slow moving average of the candle pivots. This is then plotted as an oscillator. When Pivot based oscillator is sloping upwards, it is suggested NOT TO STAY ON THE SHORT SIDE. Staying long side or Keeping quiet are the desirable options. When Pivot based oscillator is sloping downwards, it is suggested NOT TO STAY ON THE LONG SIDE. Staying short side or Keeping quiet are the desirable options. This indicator has to be used in conjunction with other indicators and should not be relied on a solo basis.
Pine Script® göstergesi
scorpiomanoj tarafından
Supply and Demand MultiTimeFrameWhat Is the Law of Supply and Demand? The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource . The theory defines the relationship between the price of a given good or product and the willingness of people to either buy or sell it. Generally, as price increases, people are willing to supply more and demand less and vice versa when the price falls. ( -Investopedia ) This Indicator Help's you to find possible Supply and Demand zones formed on chart on MultiTimeFrame. All the Supply Zones are colored RED and are above the current price. It will vanish once price crosses over it. All the Demand Zones are colored GREEN and are below the current price. It will vanish once price crosses under it. Only Untested Zone are plotted on chart. These zones can be plotted on Chart TimeFrame as well as MultiTimeFrame(Higher). That can be selected from Input Section. Concept Behind the Zones 1. Rally Base Rally 2. Drop Base Drop 3. Drop Base Rally 4. Rally Base Drop Drop base rally Rally base drop rally base rally drop base drop For Supply zones we try to find "Drop Base Drop" and "Rally Base Drop" , and plot RED zones on the width of base. Base can include any number of candle ranging from 1 to 6. This can be controlled from Input Section For Demand zones we try to find "Rally Base Rally" and "Drop Base Rally" , and plot GREEN zones on the width of base. Base can include any number of candle ranging from 1 to 6. This can be controlled from Input Section How to Trade We recommend to use 5-8 time Higher TimeFrame as Supply and Demand Zones. For Example if chart is at 5 min Timeframe then Zones should be plotted on 25 min to 40 min TImeframe. And when Price reaches closer to Supply/ Demand Zone then use some other indicator to confirm the reversal from that level, like trendline , moving average etc. Targets should be nearest Supply/ Demand Zone .
Pine Script® göstergesi
KapoorChandra tarafından
43
Price Pivots for NSE Index & F&O StocksPrice Pivots for NSE Index & F&O Stocks What is this Indicator? • This indicator calculates the price range a Stock or Index can move in a Day, Week or Month. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • The levels are more reliable and authentic than Gann Square of 9 Levels. • Develops a discipline in placing Targets. Disadvantages of this Indicator • The indicator is specifically made for National Stock Exchange of India (NSE) listed index and stocks. • The indicator is calculated only for index NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and Stocks listed in Futures and Options. • The indicator shows nothing for other indexes and stocks other than above mentioned. • The data need to be entered manually. • The data need to be updated manually when the F&O listed stocks are updated. Who to use? Highly beneficial for Day Traders, it can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. • The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe. • 5min is recommended for Day Traders. When to use? • Wait for proper swing to form. • Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am. • Within this time a proper swing will be formed. How to use? Entry • Enter when the Price reach closer to the Blue line. • Enter Long when the Price takes a pullback or breakout at the Red lines. Exit • Exit position when the Price reach closer to the Red lines in Long positions. What are the Lines? Gray Lines: • Every lines with price labels are the Strike Prices in the Option Chain from NSE website. • Price moves from 1 Strike Price level to another. • The dashed lines are average levels of 2 Strike Prices. Red & Green Lines: • The Red and Green Lines will appear only after the first 1 hour. • The levels are calculated based on the 1st 1 hour. • Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation. • Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP(Last Traded Price) to that Level. How to use? Entry: • Enter when price is closer to the Red or Green lines. • Enter after considering previous Swing and Trend. • Note the 50% of previous Swing. • Enter Short when price reverse from each level. • If 50% of swing and the pivot level is closer it can be a good entry. Exit: • Use the logic of Entry, each level can be a target. • Exit when price is closer to the Red or Green lines. Indicator Menu Source • Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price. • LTP: Pivot is calculated based on Last Traded Price. • Day Open: Pivot is calculated based on current day opening price. • PD Close: Pivot is calculated based on previous day closing price. • PD HL2: Pivot is calculated based on previous day average of High and Low. • PD HLC3: Pivot is calculated based on previous day average of High, Low and Close. "Time (IST) (Vertical)" • This is a marker of every 1 hour. • Usually major price movement happen between previous day last 1 hour (2:15 pm) to today first 1 hour (10:15 pm). • Two swings can happen between first 2 hour of current day. • At the end of the day last 1 hour from 2.15 pm another important movement will happen. • Usually rest of the time won't show any interesting movement. To the Users • Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu. • Please inform if any of the Symbol's price levels don't react to the pivots, include the Symbol a well. • Also inform if you notice any wrong values, errors or abnormal behavior in the indicator. • Feel free to suggest or adding new features and options. General Tips • It is good if Stock trend is same as that of NIFTY trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%. • Previous Swing High and Swing Low are crucial.
Pine Script® göstergesi
Arun_K_Bhaskar tarafından
21
BankNifty VWAP VWAP - Volume-Weighted Average price ( VWAP ) The script draws Daily VWAP for BANKNIFTY SPOT , based on Futures Volume or underlying Index Stocks based on user input BANKNIFTY INDICES IS THE WEIGHTAGE OF 12 STOCKS AS DECIDED BY EXCHANGE. BANKNIFTY VWAP CALCULATES THE COMBINED VWAP OF THESE 12 STOCKS AND GENERATES VWAP FOR BANKNIFTY It works with NIFTY as well. Please change the Symbol and Futures Volume symbol to "NSE:NIFTY" and "NSE:NIFTY1!" NIFTY INDICES IS THE WEIGHTAGE OF 50 STOCKS AS DECIDED BY EXCHANGE. NIFTY VWAP CALCULATES THE COMBINED VWAP OF THESE 50 STOCKS AND GENERATES VWAP FOR NIFTY This script is intended for educational purposes only. 03/07/2022 WEIGHT AGE OF INDEX STOCKS (%) HDFC Bank Ltd. - 27.63 ICICI Bank Ltd. - 22.98 Kotak Mahindra Bank Ltd. - 11.40 State Bank of India - 11.73 Axis Bank Ltd. - 11.6 IndusInd Bank Ltd. - 5.03 AU Small Finance Bank - Ltd. 2.54 Bandhan Bank Ltd. - 1.98 Bank of Baroda - 1.76 Federal Bank Ltd.- 1.76 PNB - 0.84 IDFC First Bank - 0.95
Pine Script® göstergesi
Vignesh-Vajiravel tarafından
3
Nifty VWAPVWAP - Volume-Weighted Average price (VWAP) The script draws Daily VWAP for Nifty , based on Futures Volume or underlying Index Stocks based on user input NIFTY INDICES IS WIEGHTAGE OF 50 STOCKS AS DECIDED BY EXCHANGE. NIFTY VWAP CALCULATES COMBINED VWAP OF THESE 50 STOCKS AND GENERATES VWAP FOR NIFTY It works with BANKNIFTY as well. Please change the Symbol and Futures Volume symbol to "NSE:BANKNIFTY" and "NSE:BANKNIFTY1!" BANK NIFTY INDICES IS WIEGHTAGE OF 12 STOCKS AS DECIDED BY EXCHANGE. BANK NIFTY VWAP CALCULATES COMBINED VWAP OF THESE 12 STOCKS AND GENERATES VWAP FOR BANK NIFTY This script is intended for educational purposes only. 26/06/2022 WEIGHT AGE OF INDEX STOCKS (%) RELIANCE INDS = 12.51 HDFCBANK = 8.38 INFY = 7.58 ICICIBANK = 7.21 HDFC = 5.75 TCS = 4.8 KOTAKBANK = 3.74 ITC = 3.26 HINDUNILVR = 2.89 LT = 2.75 AXISBANK = 2.49 SBIN = 2.47 BHARTIARTL = 2.28 BAJFINANCE = 2.23 ASIANPAINT = 1.78 HCLTECH = 1.52 MARUTI = 1.46 M_M = 1.36 SUNPHARMA = 1.28 TITAN = 1.27 TATASTEEL = 1.17 TATAMOTORS = 1.1 POWERGRID = 1.1 BAJAJFINSV = 1.08 NTPC = 1.02 TECHM = 1.01 ULTRACEMCO = 0.97 WIPRO = 0.97 NESTLEIND = 0.87 HINDALCO = 0.85 INDUSINDBK = 0.83 HDFCLIFE = 0.77 ONGC = 0.76 GRASIM = 0.74 DRREDDY = 0.73 JSWSTEEL = 0.73 ADANIPORTS = 0.73 SBILIFE = 0.71 CIPLA = 0.71 BAJAJ_AUTO = 0.69 TATACONSUM = 0.63 DIVISLAB = 0.63 UPL = 0.59 BRITANNIA = 0.59 APOLLOHOSP = 0.56 COALINDIA = 0.56 EICHERMOT = 0.53 HEROMOTOCO = 0.5 BPCL = 0.43 SHREECEM = 0.41
Pine Script® göstergesi
Vignesh-Vajiravel tarafından
4
Sentient levelThe indicator presented here is made based on the study published on NSE:INDIAVIX . Basically it shows 2 sigma (by default) trading ranges of the next day (by default) of indices e.g. NSE:NIFTY & NSE:BANKNIFTY . Everyday three new lines get plotted automatically on the chart of the instrument (preferably NSE:NIFTY & NSE:BANKNIFTY ) you want to trade. Generally it's expected that the index to be traded within the ranges however in case of major gap-up or gap-down if the index opens above the higher range or below the lower range then it's assumed that the day to remain very volatile. This three lines can be considered as important support/resistance . Default parameters are set in consideration of day trading however user can modify them manually as per their trading style. If you like my work you can donate through Tradingview coin. Thanks
Pine Script® göstergesi
arn_sad tarafından
13
Index Reversal Range with Volatility Index or VIXWhat is the Indicator? • The indicator is a visualization of maximum price in which the respective index can go up to in comparison with it's Volatility Index or VIX. Who to use? • Intraday • Swing • Position • Long term Investors • Futures • Options • Portfolio Managers • Mutual Fund Managers • Index Traders • Volatility based Traders • Long term Investors and Options Traders gets the maximum benefit What timeframe to use? • 1 Year: Position & Investors • 6 Months: Position & Investors • 3 Months: Swing & Position • 1 Month: Swing & Position • 1 Week: Swing • 1 Day: Swing • 1 Hour: Intraday & Swing What are Upper and Lower lines? • Upper Line: If the index price reach closer to the Upper line there is a high chance of reversal to Bearish trend. • Lower Line: If the index price reach closer to the Lower line there is a high chance of reversal to Bullish trend. • This need to be confirmed with multiple levels like Daily, Weekly, Monthly etc. How to use? • If the price reach closer to that level there is a high chance of reversal from the current trend. • To identify the reversal zone of the index. • To identify the trend. • Option Traders can Sell a Call or Put Option from that level. • Long term Investors, Position or Swing traders can plan for a Long entry. • Intraday traders can use lower timeframes to do the same. Indicator Menu • Input VIX: Identify the VIX Symbol of your Index and type it in the box. • For example for NIFTY Index chart type INDIAVIX in the box. • Choose multiple timeframes according to your convenience. How to turn on indicator Name and Value labels? • Right side of the screen > • Right click on the Price scale > • Labels > Indicators and financial name labels, Indicators and financial value labels Further Reading: • Various videos and reading materials are available about this method.
Pine Script® göstergesi
Arun_K_Bhaskar tarafından
9
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION: This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization. If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior, Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers. Yes, it is that simple. Follow along to understand how to use this indicator. INDICATOR SETTINGS: RANGEBOUND MACD AND EMA MARKINGS: TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option. MULTI TIMEFRAME CENTRAL PIVOT RANGE: Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description. CPR CONFIGURATION: Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off. Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more. EMA TREND: Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff. Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True. Rest of the EMA settings are fairly obvious. MACD MOMENTUM: Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD. Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you. Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me. Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts. Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market. Rest of the settings are just the standard settings that you will find in a typical MACD indicator. ALERTS: Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long. If you don’t know how to set alerts in TradingView, then please Google it. INDICATOR USAGE EXAMPLES: This indicator can be used in intraday as well as in higher timeframes. There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes. This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes. Here are my personal settings for the intraday 5-minute timeframe: Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want. Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon. For Intraday, I keep the Bands off. Just a personal preference here. You can turn ON the Show CPR Labels , if you want. Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend. Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple. In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator. You can set up EMA Bullcross and Bearcross alarms if you like. Before checking out the examples, remember one super simple rule: SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR. Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move. You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions. Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets. I have added my comments in the charts to make you easily understand what is going on. Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last. BTC 5m Charts NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient) TSLA 5m Charts Some important points for using this indicator in higher timeframes: For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well. The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels. In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!). Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe. Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe. BTC Weekly Chart BTC Daily Chart Nifty Weekly Chart Nifty Daily Chart NASDAQ Weekly Chart NASDAQ Daily Chart FINAL WORDS: Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage. DO NOT conflate the accuracy of examples with the accuracy of this indicator. Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts. You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots. Work on avoiding whipsaws and finding you own edge in the markets. If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Pine Script® göstergesi
pranjalchaubey tarafından
15
IPB_NHNLThis indicator is a market breadth indicator. This is an index that is derived from the number of stocks within the nifty constituents that has made 52weeks high and low. Only top 40 stocks of nifty50 are selected as there is a limitation of calling securities in pinescript. This indicator has to be used in conjunction with other market breadth indicators like IPB_MAMB, IPB_ADMIN, etc. The index is customized for weekly chart. Hence please use only on weekly chart to analyze the market breadth . Look for divergences with the price which indicate reversals.
Pine Script® göstergesi
scorpiomanoj tarafından
2
Artharjan INDIA VIX v/s Nifty Volatility DashboardHi, I have created Artharjan INDIA VIX v/s Nifty Volatility Dashboard to forecast the Annual, Quarterly, Monthly, Weekly, Daily and Hourly Volatility of NIFTY Benchmark Index based on current value of INDIA VIX. This will help Index Options Sellers to decide the range of Nifty for the given period based on current level of volatility indicated by INDIA VIX. Options Sellers may make use of the Min Range and Max Range values for the Strike Price Selection. Regards Rahul Desai @Artharjan
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rsdesai005 tarafından
14
TradeWithAB Signal IndicatorThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results. Guidelines :- 1. Timeframe - 5 min 2. Period should be changed on daily basis(if required) for index trading. 3. Period value would be basically derived from IND VIX value (closest integer) divided by 2. Ex 1. If the VIX value is 23.56, then it will be consider as 24. So the period value will be 24/2= 12. Ex 2. If the VIX value is 23.10, then it will be considered as 24. So the period value will be 24/2= 12. Ex 3. If the VIX value is 22.88, then it will be considered as 22. So the period value will be 22/2= 11. 4. Period value should be fixed at 20 for equity stocks. 5. DO NOT take any SWING or POSITIONAL trade with this indicator. 6. You have to take almost all the trade generated by this indicator on a particular stock/index for better results. 7. Signal confirmation is required for enter the trade as it will give you maximum profits. 8. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal. 9. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios. 10. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios. 11. You have to avoid entering a trade on a round level zone. Eg- Banknifty 37000,35500,40000 etc etc. BUY Trade Management :- 1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated with confirmation of its respective indices (Recent candle of respective index should be similar to the signal candle). *in case of BankNifty , Nifty will be its respective index and vice-versa. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the LOW of the signal generated candle. 4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated. 5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures. SELL Trade Management :- 1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated with confirmation of its respective indices (Recent candle of respective index should be similar to the signal candle). *in case of BankNifty , Nifty will be its respective index and vice-versa. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the HIGH of the signal generated candle. 4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated. 5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures. Disclaimer :- *I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well. Instructions to access to this invite-only script:- *Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
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Trade_With_AB tarafından
4