IndianPivotBossPIVOTSHIFT

7 avr. 2020

This is a new avatar of the Pivot Shift Indicator.

This indicates the trend of the market.
This is an advance indicator when compared with IndianPivotBossDPWMACD.

If the indicator slopes upwards, a trending move is likely and if it crosses above zero, trending mode is most likely.

This indicator is a strategy on its own.

However, it is to be used with IndianPivotBossMUPS indicator inorder to be more effective.

20 mars 2021

Notes de version

Strategy:

A) This strategy uses pivot shift indicator, which is the developing pivot's BC and TC difference as the main trigger for the short term context of the market. If the histogram of the difference slopes upwards, the context is bullish and if the histogram slopes downwards, the context is bearish.

B) Once the Context is determined, the next step is to look for a proper entry. This strategy enters when price moves above intraday pivots and also above developing pivots (Not shown in the chart. To have a visible experience, it is suggested to add my IndianPivotBoss_JPMUPS strategy to the price chart). An extra layer of confirmation is also added by way of Developing Pivot RSI which should be greater than 50 and sloping upwards for longs and reverse for shorts.

C) For a more fine tuned entry, once a signal is generated in 5 min tf, it is suggested to go to a lower tf, say 1/2 min and plot stochastics 8,3,3 and look for entry at the oversold crossovers, provided the signal is 5 min tf is still valid. Vice versa for shorts.

D) Exits for Longs are programmed at EOD. However it is suggested to exit as price drops below Developing pivot and / or Intraday Pivots.


Position Sizing :

The Strategy is tested for Indian Market Index Futures.

Currency is selected as USD as there is no option for INR. Hence please assume currency as INR.

The initial capital is fixed at USD 2,500,000, which is to be assumed as INR 25,00,000. The exposure that can be taken using this as a margin money is around 10 lots in indices. Hence based on this calculation, a capital of 25,00,000 (assuming INR instead of USD) and lot size of 10 contracts is considered. Commission of 100 (Assume INR) per order is considered as against the INR 50 charged by Retail brokers in real market.

Disclaimer :

Past results are not representative of future results. Trading is a risky proposition where the probability of losing entire capital exists. The author is not responsible for any loss arising out of trading this strategy.