Zeta Scanner

It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.

They have large amounts of money to invest and they buy & sell in bulk.

When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).

Zeta Scanner seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.

Zeta Scanner detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.

In order to use this scanner, simply deploy this on your chart, and wait for Buy/Sell signals.

Primarily, it is meant for Intraday trades and works best with 5 min, 10 min, 15 min & 30 min. time frames.

When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.

It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.

Notes de version

Added provision so that 10 minute time-frame could also be used.

Notes de version

Tweaked the code to filter out low probability or high risk signals and detect some more good signals based upon momentum.

Notes de version

Removed Repeating Buy/Sell Signals.

Notes de version

Changed Indicator Name to Zeta Scanner+

Notes de version

Updated code to remove some false positives.

Notes de version

We have tweaked the code further to catch some better trades. Also, traders may use following methodology while using this indicaror:

1. If you take a Buy Trade, hold your position till either (a) You Get a 'Sell' Signal or (b) Your Stop Loss Gets Hit. Ideally, Stop Loss should be the low of candle which just precedes the Buy Signal candle.

2. If you take a Sell Trade, hold your position till either (a) You Get a 'Buy' Signal or (b) Your Stop Loss Gets Hit. Ideally, Stop Loss should be the High of candle which just precedes the Sell Signal candle.

All suggestions which help us improve the code will be welcomed.

Notes de version

Made the provision to bypass Buy/Sell Signals generated during Pre-Open and Post Close session values.

Notes de version

Overhauled the entire code to pick up Gap Up & Gap Down Traps.

Notes de version

The code is tweaked to detect panic selling or buying and short-title name has been changed.

Notes de version

Introduced New Features to sort stocks disregarding sectors

Notes de version

Code updated to Pine Script V6

Script sur invitation seulement

Seuls les utilisateurs approuvés par l'auteur peuvent accéder à ce script. Vous devrez demander et obtenir l'autorisation pour l'utiliser. Celle-ci est généralement accordée après paiement. Pour plus de détails, suivez les instructions de l'auteur ci-dessous ou contactez directement jellygill.

TradingView ne recommande PAS de payer ou d'utiliser un script à moins que vous ne fassiez entièrement confiance à son auteur et que vous compreniez comment il fonctionne. Vous pouvez également trouver des alternatives gratuites et open-source dans nos scripts communautaires.

Instructions de l'auteur

This can be used to select stocks for your intra-day as well as swing trading. The time frame for intra-day can be 5 min.. and for swing trades no less than 15 min.

Attention: veuillez lire notre guide pour les scripts sur invitation uniquement avant de demander l'accès.

jellygill

To avail FREE TRIAL for all our invite-only indicators, please contact us:

Telegram: @jellygill

Our Telegram Channel: @CheetaTrader

join to complete FREE TRAINING on how to use the indicators effectively and then request @jellygill for FREE TRIAL

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Script sur invitation seulement

Instructions de l'auteur

This can be used to select stocks for your intra-day as well as swing trading. The time frame for intra-day can be 5 min.. and for swing trades no less than 15 min.

Attention: veuillez lire notre guide pour les scripts sur invitation uniquement avant de demander l'accès.

jellygill

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