Dear Followers, today I'm happy to share with you my DMI / ADX Strategy . It provides directional trend information, so if a bullish or a bearish trend is going to start. Statistically it works better on lower timeframes (from 5 minutes to 1 hour). It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , good for trading...
This study is based on several Price Action parameters of :- • Pivot Points, • Higher High and Lower Lows, • High Low Index , • Support and Resistance. ► How To Use This Strategy? This is a pure scalping strategy and it is advised to use this only with algo trading systems. Due to high trade frequency. ► This Strategy has inbuilt custom time frame backtester,...
This indicator is designed for Banknifty which is traded on NSE(India). It works best in 1-M and 5-M time-frame. You can always experiment with any other time-frame with various combinations of settings. Green Line- Buy Trigger Line Red Line- Sell Trigger Line Period: No. bars for look-back period. Trade Trigger Type: 1. ATR Based – Trade will be initiated...
Trend Following using Channel based Script. Long and Short Entry based on Custom filter to avoid False Signal. Works best for BankNifty and Nifty and few Indian Stocks. Untick Exponential gives better Result.
This is a simple yet powerful tool that helps you detect Trends for the short term. Time Frames: - Avoid using very small time frames as there will be too many signals in a short period - Intraday: 15 mins, 30 mins, 60 mins seem to detect trends well - Overnight Trades: 60 mins - Positional: 1D is recommended - For Investment, one can week a weekly...
This indicator is build keeping in mind how the Indian Market is formed - free-float market capitalization concept 1) Considered all banknifty index stocks according to NSE 2) Multiplied each stock Volume by its Weightage given in NSE Site every month End - means giving importance to volume by its weightage 3) Green Candle - Considered as +Ve Volume , Red Candle...
Trend Following using Channel based Script. Long and Short Entry based on Custom filter to avoid False Signal. Works best for BankNifty and Nifty and few Indian Stocks.
Experimental : This script identifies the consolidation of a stock for selected time period. The consolidation period and range can be configured. 2 levels of consolidation levels can be selected. i.e Strong and medium. The range for strong and medium level of consolidation can also be configured by the user. A movement in the direction of breakout of the...
Bank Nifty is an Index which comprises of 12 Banking Stocks. Zeta Force indicator tracks underlying stocks’ Price & Volume simultaneously to detect sudden momentum in this index. Based upon its calculations, Zeta Force indicator calculates V+, V-, Zeta Force & Zeta TP variables and generates Buy/Sell signals when major changes are detected in these...
This is an Intraday Trend Following System developed for Trading the Bank nifty Index. It couples traditional trend following with Momentum and Price action. The trades are Entered and Exited the Same day. If Old buy signal is continuing, system wont take trade, System will wait for new signals. For continuation or re entry there is a separate program which is...
This is an attempt to create a leading indicator for BankNifty movement. Here I combine Banknifty stocks and indices to create a Tick chart. A Tick Chart - By definition, a Tick Chart tracks movement of the underlying stocks. A positive move is counted as +1 and negative move is counted as -1. Total for the underlying stocks is shown as tick chart. BUT - Some...
Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume . This is the pine script which calculate the nifty 50 volume . Logic : Take each stock contribute to nifty 50 and find it's volume . Multiply the same with contribution percentage of the same on Nifty 50 Add up all of them and find the total volume...
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for intra-day Bank Nifty Index which is traded on NSE(India). The same strategy can used for Nifty, Stocks and other indices also by adjusting the...
The McClellan Oscillator developed by Marian McClellan is a useful breadth indicator because it describes the acceleration that takes place in the breadth numbers. How to read McClellan Oscillator A positive or negative value gives a simplistic bullish or bearish statement about the short-term trend of the market Very low readings show oversold conditions ...
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for Nifty-50 Index which is traded on NSE(India). The detailed description about the indicator is as follows: Long Period: Period for calculating Primary...
Bank Nifty Volume With Accumulation/Distribution Indicator shows Weighted Spot volume bars and the accumulated/distributed (A/D) portion of them. It calculates candle body to candle height ratio and multiplies it by Spot volume: Spot volume*(close-open)/(high-low) The Spot Volume is calculated by the weighted sum (Composite method) of deriving stock volume...
Average Daily Range indicator This indicator shows the average daily range. By default shows one day Daily Range. It can be customised upto 100 days. Strongly suggested to use 1-5 days only. It also plots 4 lines which are by default 10 day average Daily Range (ADR) with 50% of ADR, 75% of ADR, 100% of ADR and 125% of ADR. These are used to calculate...
This is the JP_MUPS Strategy for NIFTY similar to BankNifty which is already there in JP_MUPS. The best way to enter this strategy is as follows: Option A : Direct entry after signal with a stop . Option B : Have a Stochastic 14 / 5 / 5. Once a short signal comes, wait for the Stochastic 14/5/5 to go to the OverBot zone above 70 and enter short after a...