abdullabashaa

Nifty & BN 2 Candle Theory Back Testing and Alert Notification

abdullabashaa Pro+ Mis à jour   
How To Initiate Long Trade-in Index Future/ Buy Call Options – 3 Min TF

▪ If The Index Futures Trades Above The VWAP , the Following Parameters are Checked For 2 Candle Theory on the long side
RSI Trades Above 50 & Between 50-75/80
Volume Of 2 Consecutive Bars Is Above 50 K for BN & 125 K For Nifty
▪ All the indicators ( Parabolic SAR , Super Trend, VMA, VWAP ) Below the Candles
▪ When the above conditions are met enter In 3rd Candle, With 1st Candle High As SL

How I Initiate Short Trade-In Index Future/ Buy Put Options – 3 Min TF

▪ If The Index Futures Trades Below The VWAP , the Following Parameters are Checked For 2 Candle Theory on the short side
RSI Trades Below 40 & Between 40-25/20
Volume Of 2 Consecutive Bars Is Above 50 K for BN & 125 K For Nifty
▪ All the Indicators ( Parabolic SAR , Super Trend, VMA, VWAP ) Above The Candles
▪ When the above conditions are met enter In 3rd Candle, With 1st Candle High As SL


The indicator checks the above and notifies to enter a long trade and short trade respectively. There is also volume cutoff and change in the volumes respectively, also non-trading times that can be set.


Notes de version: Note - For Nifty Volume is. - 125000 and Bank Nifty - 50000 Please update in the settings to get better results

Updates on Golden Cross Over

How To Initiate Golden Cross Overs:

Golden Crossover is a subvariant of the 2 candle trade setup. It is a method of knowing extreme Bullishness/Bearishness on an intraday basis. Identification of Golden Crossover In addition to 2 candle setup if the following condition is met then that particular condition is known as “Golden Crossover”

Condition: Supertrend (10,2 settings on 3 min TF for BankNifty ) and VWMA (default) both simultaneously cross the VWAP in direction of trade.

Desired Outcome: Whenever we see a Golden Crossover we expect the market to move powerfully in one particular direction. Thus you can deploy significant capital and carry your trades for a little more extended period.


The indicator checks the above and notifies to enter a long trade and short trade respectively.

There is also volume cutoff and change in the volumes respectively.
Non-trading times can be avoided by setting the time mentioned
Volume candle colour On/Off
Golden cross overs highlighter can be changed
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?