This is the Advance Decline Momentum Index for Top 18 stocks of Nifty 50 index. This is similar to the ADMIN index for Bank Nifty Stocks that is already available for public use. Top 18 stocks of Nifty contributes more than 70% of Nifty's movement. The index has the following options : 1) Admin line (shorter momentum ) : By default this is enabled. If it...
NIFTY / BANKNIFTY - ETF SIP NOTIFIER STUDY concept - - As a market investor, one cannot time the market. - Specailly, working professionals and job holders don't have time for market tracking. - The idea of the script is - When Nifty closes below 2% previous day high, market has corrected and it's available at a discount w.r.t. previous day - One can then invest...
Banknifty Direction Bank Stocks is indicator to give Banknifty future direction. This Indicator is giving signal by taking 11 Major Indian Bank trend into consideration. This indicator is giving two signal Bullish and Bearish . Bullish signal can be used for long Banknifty and Bearish signal can be used to close existing Banknifty position and make new short...
The script picks up Bank nifty stocks with their current respective weights and plots a Volume Weighted Average Price ( VWAP ) line along with 2 EMAs of your choice and an alert when the EMAs cross over and also when price crosses VWAP . You can customize the script for MA type and lengths and to remove alert. Basic utility of the script is to analyse volumes...
Nifty-Signal-System is giving Bullish and Bearish signal for trade to buy and sell. This signal system is mainly finding trend change and momentum change in the scripts. There is two signal one Big triangle for Bullish and Bearish signal and another is arrow signal. Arrow signals are generating for finding the continuation of trend. Each arrow trader can do...
#Always follow MAJOR trend, find MINOR trend as per Major trend and choose entry/exit accordingly . Suppose major trend is blue so only go long while inside minor trend is green, when it turns RED exit from long but dont short in BLUE i.e. major uptrend and vice versa for downtrend i.e. major should be pink and minor should be red for short and when it turn green...
This tool is made for BANKNIFTY Index of India. This system paints background for evident and clear signals based on technical analysis.
This is a simplistic indicator capable of predicting Intraday Reversal regions for almost any chart on NSE/BSE (Indian Stock Exchanges) Notes for Usage: Best works when used on both indexes NIFTY and NIFTYBANK simultaneously in correlation. Its easy to understand that correlation, any one using it should spot it in a few days Also, should only be used on 3 or 5...
The indicator comprises of 2 areas ( one in green and another in red ) that depict the money flowing in and out the underlying 12 banks under BANK NIFTY index The money flowing in and flowing out is calculated by identifying the buying pressure and selling pressure of each of 12 underlying banks within a 15 minute period ( which is internally further broken down...
This is an advanced form of MUPS pivot intraday trading system. Use this indicator with the following indicators : 1) IndianPivotBossPivotShift. 2) IndianPivotBossPivotRSI 3) PBOscillator 4) IndianPivotBossADMIN When all the four indicators are sloping upwards, the long setup is triggered. The indicators bars turns blue when each of them begins to slope...
This is a momentum index derived from the number of advances - number of declines of the stocks comprising the index. This is called Advance Decline Momentum INdex (ADMIN). It is a leading indicator to spot reversals. This can be used in any time frames right from intraday to higher time frames. By default it is configured for Bank Nifty (12 stocks). Stocks can be...
Idea : Idea of script is getting the volume of index BNF and NIFTY50 ( as Tradingview don't provide the volume information of the indexes ) How it works : Script works on getting the weighted volume of underlying stocks and the plotting them by weight in volume Benefits: 1. Can server as example how, once can plot the mixed volume of symbols 2. Will help the...
Breadth Indicators Summary : Script calculates Advance and Declain value based on weightage of each Bank share in BankNifty Index Bank NIfty is not an asset and it does not have value. It is composition based on multiple bank stocks with different weightage. This tool display the indicator based on "Number of Stocks Moving on UP TICK" and "Number of Stocks...
I have developed this strategy for NIFTY-50 Index on which is traded National Stock of Exchange(India). It is non-repainting indicator and uses @version=4 This script uses hourly and daily price data. The results will be very different depending on the chart and time-frame of your choice and date range of your choice. The default contract quantity is set to 2...
Purpose: Weekly - Fibonacci pivot levels and Gann levels calculation and marking on Chart automatically. Mainly expected to use for trading on NIFTY and BankNifty Kindly share your comments and suggestions to improve
This is a Camarilla pivot based trading strategy. It falls under the category of initiative trading strategy and not responsive trading strategy. This strategy buys or sells when price crosses Camarilla 4th level and exits at the close of the day or it breaches Camarilla 3rd level. Backtested results are not guaranteed to perform in the future. Hence please use it...
JARVIS is a technical indicator primarily designed for Nifty Bank. But, it also works on other instruments like stocks for example. You may apply it on other instruments if you find it useful. Once the indicator is plotted, it will have bars with 3 colours 1) Blue - It's watching 2) Green - It's bullish 3) Red - It's bearish So, it's that easy to interpret....
This is an intraday trading strategy using Floor Pivots for BankNifty. This strategy overlays on the charts with wide variety of drawing floor pivots and previous day levels. VERY IMPORTANT : 1) LONGS AND SHORTS TO BE TAKEN IN 5 MIN CHART. 15 MIN CHART IS DISPLAYED BECAUSE TV DOESNT ALLOW TO PUBLISH WITH TF LESS THAN 15 MIN. 2) BACKTEST RESULTS ASSUME EXITS AT...