Nifty Scalping System by Rakesh Sharma🎯 What This Indicator Does:
Core Features:
✅ Fast Entry/Exit Signals - Quick BUY/SELL labels on chart
✅ 3 Signal Modes:
Aggressive - More signals, faster entries
Moderate - Balanced (Recommended)
Conservative - Fewer but high-quality signals
✅ Automatic Target & Stop Loss - Plotted on chart as soon as you enter
✅ Time Filter - Only trades during your specified hours (9:20 AM - 3:15 PM default)
✅ Trade Statistics - Win rate, W/L ratio tracked automatically
✅ Live Dashboard - Shows trend, RSI, VWAP position, current trade status
Indicators Used:
📊 3 EMAs (9, 21, 50) - Trend direction
📈 Supertrend - Primary trend filter
💪 RSI - Momentum & overbought/oversold
💜 VWAP - Intraday support/resistance
📉 ATR - Dynamic stop loss & targets
📊 Volume - Confirmation of moves
⚙️ Best Settings for Nifty/Bank Nifty:
For 5-Minute Charts (Most Popular):
Signal Mode: Moderate
Target R:R: 1.5 (1:1.5 risk-reward)
Time Filter: 9:20 AM to 3:15 PM
For 3-Minute Charts (More Scalps):
Signal Mode: Aggressive
Target R:R: 1.0 (quick exits)
Time Filter: 9:20 AM to 3:15 PM
For 15-Minute Charts (Swing Scalping):
Signal Mode: Conservative
Target R:R: 2.0 (bigger targets)
Time Filter: 9:30 AM to 3:00 PM
💡 How to Use:
Step 1: Setup
Add indicator to 5-min Nifty or Bank Nifty chart
Choose your Signal Mode (start with Moderate)
Set Risk:Reward (1.5 is balanced)
Enable Time Filter (avoid first 10 mins)
Step 2: Trading
BUY Signal appears = Go LONG
Green label shows entry price
Green line = Target
Red line = Stop Loss
SELL Signal appears = Go SHORT
Red label shows entry price
Green line = Target
Red line = Stop Loss
Exit automatically when Target or SL is hit
Step 3: Risk Management
Automatic SL based on ATR (volatility)
Adjustable R:R ratio
Never trade outside session hours
🎯 Trading Rules (Important!):
✅ Take the Trade When:
Signal appears during trading session
Dashboard shows strong trend
Volume spike present
Price above/below VWAP (for buy/sell)
❌ Avoid Trading When:
First 10 minutes (9:15-9:25 AM)
Last 15 minutes (3:15-3:30 PM)
Dashboard shows "SIDEWAYS"
Major news events
📊 Dashboard Explained:
FieldWhat It MeansModeYour current signal sensitivityTrendOverall market directionRSIOverbought/Oversold/NeutralPrice vs VWAPAbove = Bullish, Below = BearishCurrent TradeShows if you're in a positionSessionTrading time active or notWin RateYour success %
🚀 Pro Tips for Nifty/Bank Nifty:
Best Timeframe: 5-minute chart
Best Time: 9:30 AM - 2:30 PM (avoid opening/closing rushes)
Risk per Trade: 1-2% of capital max
Follow the Trend: Take only BUY in uptrend, SELL in downtrend
Use Alerts: Set alerts so you don't miss signals
Start Small: Paper trade first with 1 lot
⚡ Quick Start Guide:
For Bank Nifty (5-min chart):
1. Signal Mode: Moderate
2. Target R:R: 1.5
3. Trading Hours: 9:20 AM - 3:15 PM
4. Watch for 3-5 signals per day
5. Average 30-50 points per trade
For Nifty 50 (5-min chart):
1. Signal Mode: Moderate
2. Target R:R: 1.5
3. Trading Hours: 9:20 AM - 3:15 PM
4. Watch for 3-5 signals per day
5. Average 15-30 points per trade
📈 Expected Performance:
Conservative Mode: 2-4 trades/day, 65-70% win rate
Moderate Mode: 4-8 trades/day, 55-65% win rate
Aggressive Mode: 8-15 trades/day, 45-55% win rate
This is a complete scalping system, Rakesh! All you need to do is:
Add to chart
Wait for signals
Follow the targets/stop losses
Track your stats
Ready to test it? Let me know if you want any adjustments! 🎯💰Claude can make mistakes. Please double-check responses.
Options
Opcje: Sugestia Strike'ów (HV Based)How to interpret this script?
1. Dotted Lines:
Red (Upper): The price level above which the asset is statistically unlikely to rise within X days. This is where you look for a Strike Price to sell a CALL option (Short Call).
Green (Lower): The price level below which the asset is statistically unlikely to fall. This is where you look for a Strike Price to sell a PUT option (Short Put).
2. Sigma Multiplier (Important!):
The default setting is 2.0. This represents 2 Standard Deviations.
In a normal distribution, 2 standard deviations cover approximately 95% of outcomes.
This means you theoretically have a 95% probability that the option will expire worthless (meaning you keep the full premium), but the premium received will be lower.
If you change it to 1.0, you will be closer to the current price = higher premium, but the risk of assignment (exercise) increases to about 32%.
3. DTE (Days to Expiration):
Enter the actual number of days for the option you intend to sell (e.g., 45). The script will calculate where the price might be in 45 days based on current volatility.
Diganta Straddle PlotThis Script Plots the ATM Straddle .
The Straddle strike can be selected
The Straddle expiry can be selected
This works on all Time Frame.
A blue signal line gets plotted from 9.15 Close of straddle price as a reference line
Gold AI RSI Monitor [Stacked + KNN]Here is a comprehensive description and user guide for the Gold AI RSI Monitor. You can copy and paste this into the "Description" field if you publish the script on TradingView, or save it for your own reference.
Gold AI RSI Monitor
🚀 Overview
The Gold AI RSI Monitor is a next-generation dashboard designed specifically for trading volatile assets like Gold (XAUUSD). It completely reimagines the traditional RSI by "stacking" 10 different timeframes (from 1-minute to Monthly) into a single, vertical view.
Integrated into this dashboard is a K-Nearest Neighbors (KNN) Machine Learning algorithm. This AI analyzes historical price action to find patterns similar to the current market and predicts the next likely move with a confidence score.
📊 Visual Guide: How to Read the Chart
1. The "Stacked" Lanes Instead of switching timeframes constantly, this indicator displays them all at once using vertical offsets.
Bottom Lane (0-100): 1-Minute RSI
Middle Lanes: 5m, 15m, 30m, 1H, 2H, 4H, Daily
Top Lane (900-1000): Monthly RSI
2. Gradient Color System The RSI lines change color based on momentum strength:
🔴 Red: Oversold / Bearish (Approaching 30 or lower)
🟡 Yellow: Neutral (Around 50)
🟢 Green: Overbought / Bullish (Approaching 70 or higher)
3. Tracker Lines Each timeframe has a dotted horizontal line extending to the right. This allows you to instantly see the exact RSI value for every timeframe without squinting.
🤖 The AI Engine (KNN)
The "AI" component uses a K-Nearest Neighbors algorithm.
Learning: It scans the last 1,000 bars of history.
Matching: It finds the 5 historical moments that look mathematically identical to the current market conditions (based on RSI and Volatility).
Predicting: It checks if price went UP or DOWN after those historical matches.
The Signals:
Buying Signal: If the majority of historical matches resulted in a price increase, the AI triggers a BUY.
Selling Signal: If the majority resulted in a drop, the AI triggers a SELL.
🎯 How to Trade with This Indicator
1. The "Crosshair" Signal
When the AI detects a high-probability setup, a massive Crosshair appears on your chart:
Green Crosshair: Strong BUY signal.
Red Crosshair: Strong SELL signal.
Note: The crosshair consists of a thick vertical line and a dashed horizontal line intersecting at the signal candle.
2. Timeframe Alignment (Confluence)
Do not rely on the AI alone. Look at the stacked RSIs:
Strong Long: The AI shows a Green Crosshair AND the lower timeframes (1m, 5m, 15m) are all turning Green/upward.
Strong Short: The AI shows a Red Crosshair AND the lower timeframes are turning Red/downward.
3. Support & Resistance Zones
Bottom Dotted Line (30): Support. If RSI hits this and turns up, it's a buying opportunity.
Top Dotted Line (70): Resistance. If RSI hits this and turns down, it's a selling opportunity.
⚙️ Settings Guide
RSI Length: Default is 14. Lower (e.g., 7) makes it faster/choppier; higher (e.g., 21) makes it smoother.
Enable AI Signals: Toggles the KNN calculation on/off.
Neighbors (K): How many historical matches to check. Default is 5.
Increase to 9-10 for fewer, more conservative signals.
Decrease to 3 for faster, more aggressive signals.
AI Timeframe: CRITICAL SETTING.
If left empty, the AI calculates based on your current chart.
Recommendation: For Gold scalping, set this to 15m or 1h. This ensures the AI looks at the bigger trend even if you are zooming in on the 1-minute chart.
⚠️ Disclaimer
This tool is for educational and analytical purposes. The "AI" is a statistical probability algorithm based on past performance, which is not indicative of future results. Always manage your risk.
FRAN CRASH PLAY RULESA script with purely descriptive nature is one that:
• Only describes actions, settings, characters, and events.
• Contains no dialogue, commands, or instructions for execution.
• Does not specify plot decisions, logic, or interactive elements.
• Reads like a detailed narrative blueprint, focusing on what exists or happens rather than what anyone should do.
Bappa - Dynamic VWAP Simple Vwap, just dynamic colour Coding added to sense whether VWAP is in uptrend or downtrend. Refer to colour code to enter Call side or Put side, it never disappoints you at any timeframe. Enjoy & happy Trading!!
Better results if used in conjuction with Pivots/ fractals indicator, named as Bappa EMA + BBW (V2) indicator.
TF7 Option vs Index Change RatioOverview
This indicator helps traders visualise the strength and direction of an option's price movement compared to its underlying index (NIFTY or SENSEX).
It calculates a Change Ratio, which is the percentage move in the option compared to the index movement during the same bar. This is especially useful for intraday traders looking for signs of momentum, divergence, or unusual strength/weakness in option pricing.
How It Works
The ratio is calculated as:
(Option LTP − Option Open) / (Index Close − Index Open)
The value is capped between −10 and +10 to filter out extreme or invalid spikes.
The ratio is displayed as a color-coded column chart:
🟩 Green bars: Option is moving in the same direction as the index.
🟥 Red bars: Option is underperforming or moving opposite to the index.
A compact table shows the last 5 bars of:
Option price change (with +/− sign)
Index price change
Calculated ratio (also color-coded)
You can toggle the table visibility in the settings.
Inputs & Features
Select underlying index: NIFTY or SENSEX
Toggle the data table display
Clean formatting with signed values and conditional color highlights
⚠️ Disclaimer
This is a visual analysis tool, not a buy/sell signal. Always validate with your trading strategy and risk management
#OptionsTrading, #NIFTY, #SENSEX, #ChangeRatio, #IndexAnalysis, #Momentum, #Divergence, #Intraday
Smart Money Setup 08 [TradingFinder] Binary Options Gold Scalper🔵 Introduction
In the Smart Money methodology, the market is understood as a structure driven by liquidity flow. This structure forms through the movement of large orders, the accumulation of liquidity, and the reactions that occur around key price zones. The logic of Smart Money is based on the idea that price movement is not random and usually evolves with the intention of collecting liquidity and creating price inefficiencies known as imbalances.
Within this framework, several important stages including the liquidity sweep, the formation of a point of interest, the appearance of an imbalance and the transition of market structure play major roles and collectively define the broader direction of price.
In many bullish scenarios, the market begins by sweeping sell side liquidity and targeting important lows in order to collect the liquidity resting below them. This liquidity collection often becomes the starting point for creating a point of interest which usually marks the area where Smart Money begins to enter the market.
After price moves away from this point, it breaks a structural high and forms a change of character. This shift marks a transition in the balance of power between buyers and sellers and is considered the first clear signal that the market structure is changing.
After the change of character, new institutional order flow often creates a strong and rapid movement that leaves behind an imbalance. This imbalance is one of the most important elements in Smart Money analysis because price tends to return to this area in order to complete structure and restore balance.
The return into the imbalance becomes meaningful when it occurs together with the liquidity sweep, the presence of a validated point of interest and a confirmed structural transition. These conditions frequently mark the beginning of powerful movements within the Smart Money cycle.
Understanding the sequence of liquidity, point of interest, imbalance, change of character and market structure builds the foundation of Smart Money analysis and provides a clear view of the true direction of institutional strength.
Bullish Setup :
Bearish Setup :
🔵 How to Use
To use this framework effectively, the trader must analyze the market through the principles of Smart Money and observe how liquidity drives price. A trade becomes valid only when several essential components appear together in a clear and consistent order.
These components include the liquidity sweep, the formation of a point of interest, the confirmation of a change of character, the transition of market structure and the return of price into an imbalance. The method is built on the understanding that the market first collects liquidity, then shifts order flow and finally provides an entry opportunity inside an inefficient area or inside a point of interest.
For this reason, the trader must follow the path of liquidity from the moment the sweep occurs, through the point of interest and the change of character and finally into the return of price toward the imbalance. When applied correctly, this approach creates entries that are more precise, more structural and more aligned with the real behavior of the market rather than with superficial signals.
🟣 Long Position
A bullish setup in Smart Money structure begins with a liquidity sweep on the sell side. The market first targets the areas where sell side liquidity is located and collects the stops and resting liquidity under previous lows. This collection is the condition that Smart Money requires to begin creating a new order flow. After this liquidity has been taken, a point of interest forms which is usually the last bearish candle or the effective demand zone that initiated the upward movement.
Price then moves away from the point of interest and breaks a structural high which creates a change of character. This event confirms that the market structure has moved from a bearish state to a bullish one and that buying pressure has taken control of the order flow. Following this shift, a strong upward movement often occurs and creates an imbalance between candles. This imbalance reflects the entrance of strong Smart Money orders and is seen as an important confirmation of bullish strength.
When price returns to this imbalance after the displacement, the market enters a phase where Smart Money aims to complete the corrective movement and continue the upward direction. The reaction inside the imbalance when combined with the liquidity sweep, the confirmed point of interest and the change of character completes the bullish setup and forms a structure that often leads to a continuation of the bullish trend.
🟣 Short Position
A bearish setup follows the same Smart Money logic but in the opposite direction. The market begins by collecting buy side liquidity and targets the highs where buy side liquidity and resting stops are located. This liquidity sweep on the buy side becomes the starting phase for Smart Money to initiate a downward order flow. After the liquidity is collected, a bearish point of interest forms which is usually the last bullish candle or the supply zone that created the initial drop.
Price then moves away from this point and breaks the first structural low. This creates a change of character to the downside which confirms that the market structure has transitioned from bullish to bearish and that selling pressure has gained control. After this shift, a strong downward displacement appears and leaves behind a bearish imbalance that clearly shows the dominance of sellers.
As price returns to this imbalance and corrects the inefficient movement, the bearish setup becomes complete as long as the market structure remains bearish. The combination of the buy side liquidity sweep, the bearish point of interest, the change of character, the imbalance and the corrective return creates the ideal structure that Smart Money uses to continue the downward movement and develop a reliable selling opportunity.
🔵 Settings
🟣 Logic Settings
Pivot Period : Defines how many bars are analyzed to identify swing highs and lows. Higher values detect larger, slower structures, while lower values respond to faster patterns. The default value of 5 offers a balanced sensitivity.
🟣 Alert Settings
Alert : Enables alerts for SMS08.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Smart Money approach demonstrates that price movement is not random or based on surface level patterns. Instead, it develops through a clear cycle of liquidity collection, structural transition and corrective movement toward key price zones. By recognizing events such as the liquidity sweep, the formation of the point of interest, the change of character and the return into the imbalance, the trader gains the ability to understand order flow more accurately and identify the true direction of market structure.
Both bullish and bearish setups show that the alignment of these elements creates a transparent view of institutional behavior and reveals the source of strong movements in the market. When the trader correctly identifies this sequence, entry points become more reliable and more aligned with liquidity flow. The combination of liquidity, structure and imbalance provides a consistent framework that removes guesswork and guides decisions through the real logic of the market.
Intraday Day-Trade Scanner//@version=5
indicator("Intraday Day-Trade Scanner", overlay=true)
// ----- Inputs -----
minFloat = input.int(10000000, "Min Float")
maxFloat = input.int(20000000, "Max Float")
minPrice = input.float(3, "Min Price")
maxPrice = input.float(50, "Max Price")
minRVOL = input.float(1.5, "Min Relative Volume")
minAtrPct = input.float(1.0, "Min ATR %")
maxAtrPct = input.float(5.0, "Max ATR %")
useLong = input.bool(true, "Long scan (above VWAP)")
useShort = input.bool(false, "Short scan (below VWAP)")
// ----- Data -----
float = request.financial(syminfo.tickerid, "FLOAT", "FQ")
avgVol = ta.sma(volume, 20)
rvol = volume / avgVol
atr = ta.atr(14)
atrPct = (atr / close) * 100
// VWAP
vwap = ta.vwap(close)
// ----- Conditions -----
floatOK = float >= minFloat and float <= maxFloat
priceOK = close >= minPrice and close <= maxPrice
rvolOK = rvol >= minRVOL
atrOK = atrPct >= minAtrPct and atrPct <= maxAtrPct
longOK = useLong and close > vwap
shortOK = useShort and close < vwap
qualified = floatOK and priceOK and rvolOK and atrOK and (longOK or shortOK)
// ----- Plot label on chart -----
plotshape(qualified,title ="Qualified Stock", text="SCAN HIT", style=shape.labelup, size=size.small, color=color.new(color.green, 0))
// ----- Alerts -----
alertcondition(qualified, title="Trade Candidate Found", message="This stock meets your day-trade scan criteria!")
Key Levels: Monday / Weekly / Monthly + Year/Quarter + LiquidityKey Levels: Monday / Weekly / Monthly / Year / Quarter + Liquidity
VaCs Pro Max by CS (Final Version - V9)VaCs Pro Max by CS (Final Version - V9) – TradingView Indicator Overview
Introduction:
The VaCs Pro Max indicator is a comprehensive, all-in-one technical analysis tool designed for traders who seek a clear, visual, and flexible overview of market trends, levels, sessions, and key signals. This advanced TradingView script integrates multiple technical indicators, market level trackers, session visualizations, and the innovative AlphaTrend module to provide actionable insights across any timeframe.
1. Technical Indicators:
This module combines essential trend-following and market momentum tools:
VWAP (Volume Weighted Average Price): Shows the average price weighted by volume, helping traders identify key support/resistance levels. Customizable color allows easy chart visibility.
EMAs (Exponential Moving Averages): Two EMAs (fast and long) track short-term and long-term price trends. Traders can adjust lengths and colors for personalized analysis.
Parabolic SAR: Highlights potential trend reversals with dots above/below candles. Step and maximum settings allow fine-tuning for sensitivity.
S2F Bands (Stock-to-Flow): A dynamic band system representing mid, upper, and lower levels derived from EMA. Useful for identifying overbought/oversold zones.
Logarithmic Growth Channel (LGC): Provides logarithmic regression channels, highlighting long-term price structure and growth trends. Adjustable length and band colors.
Linear Regressions: Two regression lines (short and long) detect trend directions and deviations over customizable periods.
Liquidity Zones: Highlights recent highs/lows over a defined lookback period, showing potential support/resistance clusters.
SMC Markers (Swing Market Context): Marks pivot highs and lows using visual labels, helping identify swing points and trend continuation patterns.
2. Market Levels:
Track weekly and Monday high/low levels for precise intraday and swing trading decisions:
Weekly Levels: Highlight the previous week’s high and low for reference.
Monday Levels: Focus on the day’s opening range, particularly useful for weekly breakout strategies.
3. Session Boxes (UTC):
Visual boxes mark major trading sessions (London, New York) in UTC time:
London Session Box: Highlights market activity between 08:00–16:30 UTC.
New York Session Box: Highlights market activity between 13:30–20:00 UTC.
Boxes automatically adjust to session highs and lows for clear intraday structure visualization.
4. Vertical Session Lines (Turkey Time – UTC+3):
These vertical lines provide an easy-to-read visualization of key market opens and closes:
US (NYSE), EU (LSE), JP (TSE), CN (SSE) lines: Color-coded and labeled, showing market opening and closing times in Turkish local time.
Ideal for identifying session overlaps and liquidity spikes.
5. AlphaTrend Module:
The AlphaTrend module is a dynamic trend-following system offering both visual guidance and trade signals:
Trend Calculation: Uses ATR and RSI/MFI logic to determine dynamic trend levels.
Signals: Generates BUY and SELL markers based on trend crossovers.
Customizable Settings: Multiplier, period, source input, and volume data modes allow tailored sensitivity.
Visuals: Filled areas between main and lag lines highlight trend direction, making it easy to interpret market bias at a glance.
Alerts: Includes multiple alert conditions such as potential and confirmed BUY/SELL, and price crossovers, suitable for automated notifications.
Usage & Benefits:
All modules have on/off toggles in the input panel, allowing users to customize the chart view without losing performance.
Color-coded visuals, session boxes, and trend channels improve readability, especially during high volatility.
Suitable for day trading, swing trading, and long-term analysis due to multi-timeframe adaptability.
The combination of trend indicators, liquidity zones, and session analysis provides a holistic view of market structure.
Alerts enable traders to automate monitoring without constantly staring at the chart.
Conclusion:
VaCs Pro Max by CS (V9) is designed for both professional and semi-professional traders who want an all-inclusive, visually intuitive, and highly configurable TradingView indicator. It merges classical technical indicators with modern trend and session analysis tools, making it an indispensable tool for informed trading decisions.
MM Expected Move [v6]ATMStraddleNeed Update manually based on ATM Straddle Price
例子：
TradingView 图表界面：将鼠标悬停在名字上，点击出现的齿轮图标 (Settings)。在 "ATM Straddle Price" 这一栏，填入ATM Straddle Price（比如 7.0）。
苹果 (AAPL) 股价 235。
235 Call 价格 = 3.5
235 Put 价格 = 3.5
输入数字 = 7.0
Gamma Levels w/AlertsPlots Gamma Levels for identifying Market Positioning. Has alert function on the specific levels.
---To apply to different tickers You Must:
1. apply to chart layout
2. input ticker specific levels
3. Save as an INDICATOR TEMPLATE titled same as ticker (check the remember symbol box)
Now when switching to different tickers, simply open that template
PIVOT BACKGROUND AND TABLE BY PRANOJIT DEYThis shows pivot trend in relation with the day open line. it makes the day bias easily understandable.
Ichimoku Green BG by Pranojit DeyThis indicator shows ichimoku bulliush trend background so that the option buyers can understand bullish trend easily.
Kai GoNoGo 2mKai GoNoGo 2m is a multi-factor trend confirmation system designed for fast intraday trading on the 2-minute chart.
It combines EMAs, MACD, RSI and ADX through a weighted scoring model to generate clear Go / NoGo conditions for both CALL (long) and PUT (short) setups.
The indicator paints the candles with pure colors to show the current strength of the trend:
Strong Go (Bright Blue): Full bullish alignment across EMAs, momentum and trend strength.
Weak Go (Light Blue): Bullish structure but with softer momentum.
Weak NoGo (Light Pink): Bearish structure starting to develop.
Strong NoGo (Bright Pink): Full bearish alignment across all components.
Neutral (Gray): No trend, compression or transition phase.
Components included:
EMA Trend Structure (9/21/50/100/200)
MACD Momentum (12-26-9)
RSI Confirmation (14)
ADX Trend Strength Filter via DMI (14,14)
Scoring system inspired by the original GoNoGo concept, improved for speed-based trading.
Designed for:
Scalping, 0DTE options, FAST trend continuation entries, and momentum confirmation on QQQ, SPY, NQ, ES and high-beta names.
This version uses pure colors (no gradients) for maximum clarity when trading fast charts.
Momentum Grid 2.1 + Top Stocks📊 MOMENTUM GRID 2.1 + TOP STOCKS
Overview
A multi-timeframe confirmation system specifically designed for NIFTY 50 and BANK NIFTY index options trading. This script combines 8 independent technical indicators into a weighted scoring model to generate high-probability CE (Call) and PE (Put) signals, while simultaneously tracking the top 5 constituent stocks for sector-wide momentum validation.
________________________________________
🎯 Core Methodology
1. 8-Factor Confirmation System
Unlike traditional single-indicator approaches, this script requires multiple confirmations before generating signals. Each factor votes independently:
Trend Alignment (3 votes):
• C1: Price above/below EMA 9 (immediate trend)
• C2: EMA 9 above/below EMA 20 (short-term momentum)
• C3: EMA 20 above/below EMA 50 (intermediate trend)
Oscillator Confirmation (3 votes):
• C4: RSI above/below 50 (momentum strength)
• C5: Stochastic K above/below D (entry timing)
• C6: MACD Histogram positive/negative (momentum direction)
Advanced Momentum (2 votes):
• C7: Parabolic SAR position (trend continuation)
• C8: Squeeze Momentum direction (volatility expansion)
Mathematical Logic:
Bullish Score = C1 + C2 + C3 + C4 + C5 + C6 + C7 + C8
Signal Triggered when Score ≥ Threshold (default: 5/8)
Why This Works: By requiring 5+ confirmations, the script filters out false signals that occur when only 1-2 indicators align by chance. This dramatically reduces whipsaws in choppy markets.
________________________________________
📈 Constituent Stock Analysis System
Real-Time Top 5 Stocks Tracking
The script fetches live data from the most heavily-weighted stocks in the selected index:
NIFTY 50 Constituents:
• Reliance Industries
• HDFC Bank
• Infosys
• ICICI Bank
• TCS
BANK NIFTY Constituents:
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank
• State Bank of India
• Axis Bank
Stock Scoring Algorithm (0-6 Scale):
For each stock, the script calculates a momentum score based on:
1. Price vs EMA 9 position
2. EMA 9 vs EMA 20 relationship
3. EMA 20 vs EMA 50 hierarchy
4. RSI above/below 50
5. MACD histogram direction
6. Intraday price change direction
Signal Interpretation:
• 🚀🔥 Strong Bullish: Score ≥5 + Day Change >0.5%
• ⚠️❄️ Strong Bearish: Score ≤1 + Day Change <-0.5%
• 📈 Moderate Bullish: Score ≥3 + Positive change
• 📉 Moderate Bearish: Score ≤3 + Negative change
Why Track Constituents?
Index options are a weighted average of their components. When 4 out of 5 top stocks show strong bullish signals but the index signal is neutral, it indicates:
• Sector rotation is happening
• Underlying strength not yet reflected in index
• Early warning for potential index breakout
________________________________________
🎨 Visual Dashboard System
1. Main Momentum Grid (Middle Right)
Real-time status of all 8 confirmation factors:
• Individual indicator values
• Bullish/Bearish status per indicator
• Cumulative Bull Score and Bear Score
• Visual color coding (Green = Bullish, Red = Bearish)
2. Top Stocks Status Panel (Top Right)
Live tracking table showing:
• LTP (Last Traded Price): Current stock price
• Day Change %: Intraday movement from open
• Status: Overall bullish/bearish trend
• EMA Status: Position relative to EMA 9
• Signal Emoji: Visual strength indicator
3. Scenario Guide (Bottom Right)
Auto-calculates trade parameters based on current signal:
• Side: CE (Call) or PE (Put) recommendation
• Strike Reference: Current index price
• Trigger Level: Entry confirmation level (high/low of signal bar)
• Risk Limit: Stop loss using 1.5x ATR
• Price Objective: Target using 2.5x ATR
ATR-Based Risk Management: Average True Range (14-period) adapts stop-loss and targets to current volatility, ensuring consistent risk-reward ratios across different market conditions.
________________________________________
🚨 Signal Generation Logic
CE (Call) Signal Triggers When:
1. Bullish Score ≥ Threshold (5/8 default)
2. Previous bar Bullish Score < Threshold
3. Confirmation candle closes above EMA 9
4. Background turns light green
PE (Put) Signal Triggers When:
1. Bearish Score ≥ Threshold (5/8 default)
2. Previous bar Bearish Score < Threshold
3. Confirmation candle closes below EMA 9
4. Background turns light red
Signal Validation: Labels appear only when a new qualifying bar completes, preventing repainting. The tooltip shows the exact score and entry price for record-keeping.
________________________________________
🔧 Customization Options
Parameter Purpose Recommendation
Index Selection Choose NIFTY 50 or BANK NIFTY Match to your trading instrument
EMA Periods Adjust trend sensitivity Default (9/20/50/100) suits 5-15 min
Signal Threshold Min confirmations required 5/8 (balanced), 6/8 (conservative)
RSI Length Momentum calculation period 14 (standard), 21 (smoother)
MACD Settings Fast/Slow/Signal periods 12/26/9 (industry standard)
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📊 Technical Indicator Details
Exponential Moving Averages (EMA)
• Why EMA vs SMA: Exponential weighting gives more importance to recent price action, making it more responsive to trend changes in fast-moving index options.
Relative Strength Index (RSI)
• Measures momentum on 0-100 scale
• 50 level acts as bull/bear dividing line
• Used for confirmation, not overbought/oversold
Stochastic Oscillator
• Compares closing price to recent range
• K line crossing above D line = bullish momentum shift
• Sensitive to short-term reversals
MACD (Moving Average Convergence Divergence)
• Histogram shows momentum acceleration/deceleration
• Positive histogram = increasing bullish momentum
• Used as tiebreaker when other signals conflict
Parabolic SAR
• Tracks stop-and-reverse points
• Dots below price = uptrend, above = downtrend
• Adds trend-following confirmation
Squeeze Momentum
• Identifies periods of low volatility (consolidation)
• Bollinger Bands inside Keltner Channels = "squeeze"
• Positive momentum during squeeze = bullish breakout setup
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💡 What Makes This Script Unique
1. Index-Specific Design: Unlike generic multi-timeframe indicators, this is purpose-built for NIFTY/BANKNIFTY options with constituent stock correlation analysis.
2. Multi-Layer Validation: Combines price action (EMAs), momentum (RSI/Stoch/MACD), and volatility (Squeeze) for comprehensive market assessment.
3. Smart Constituent Tracking: Automatically switches stock universe based on selected index, providing sector-level context that single-chart indicators miss.
4. Adaptive Risk Management: ATR-based stop-loss and targets adjust to market volatility automatically, unlike fixed-point systems.
5. No Repainting: All calculations use confirmed bars with lookahead=barmerge.lookahead_off parameter, ensuring historical backtesting accuracy.
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📚 Best Practices
Timeframe Selection:
• 5 min: Scalping (high frequency, tight stops)
• 15 min: Intraday swing trades (balanced)
• 1 hour: Positional option trades (overnight holds)
Trade Execution:
1. Wait for CE/PE label to appear
2. Check Top Stocks Status - look for 3+ stocks confirming index direction
3. Verify Scenario Guide shows acceptable risk-reward (min 1:1.5)
4. Enter on next candle open or use trigger level for limit orders
5. Place stop-loss at "Risk Limit" level
6. Scale out at "Price Objective" or trail with Parabolic SAR
False Signal Filters:
• Avoid signals during first 15 minutes of market open (high volatility)
• Skip signals when Top Stocks show conflicting directions (3 bull, 2 bear)
• Increase threshold to 6/8 during major news events
• Disable trading 30 minutes before important announcements
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⚠️ Limitations & Considerations
• Index Options Specific: Optimized for NIFTY/BANKNIFTY - may need recalibration for other instruments
• Not Suitable for Trending Markets: Works best in swing/range conditions; reduce threshold in strong trends
• Constituent Data Dependency: Relies on accurate real-time stock data; verify broker data quality
• Options Greeks Ignored: Script doesn't account for theta decay, IV changes - user must manage option selection
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🔔 Built-In Alerts
Set alerts for:
• CE Signal Generated: Bullish score crosses threshold
• PE Signal Generated: Bearish score crosses threshold
Alert messages include ticker symbol and entry price for quick execution.
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📈 Performance Optimization Tips
1. Score Correlation Check: If Bull Score and Bear Score are both high (6+/8), market is conflicted - wait for resolution.
2. Stock Divergence Strategy: When 4/5 stocks are bullish but index shows PE signal, it often indicates a false breakdown - counter-trend opportunity.
3. Squeeze Breakout Combo: Strongest signals occur when Squeeze changes from "ON" to "OFF" simultaneously with CE/PE trigger.
4. EMA Stacking: Maximum confidence signals have all three EMAs in proper order (9>20>50 for bull, reverse for bear).
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🎓 Educational Context
This methodology synthesizes:
• Multi-Timeframe Analysis: EMAs represent different trend horizons
• Oscillator Convergence: Multiple momentum tools reduce false positives
• Index Arbitrage Concepts: Constituent tracking exploits pricing inefficiencies
• Adaptive Volatility: ATR-based risk scales with market conditions
The 8-factor system mirrors institutional decision frameworks where analysts require consensus across multiple models before position changes.
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📋 Quick Reference
Bullish Setup Checklist: ✅ Bull Score ≥ 5/8
✅ Green background color
✅ 3+ top stocks showing 📈 or 🚀
✅ Price above EMA 9
✅ MACD Histogram positive
Bearish Setup Checklist: ✅ Bear Score ≥ 5/8
✅ Red background color
✅ 3+ top stocks showing 📉 or ⚠️
✅ Price below EMA 9
✅ MACD Histogram negative
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⚖️ Disclaimer
This indicator is a decision support tool, not an automated trading system. Index options involve substantial risk and can result in total loss of premium paid. The constituent stock analysis provides context but does not guarantee index price movement. Users must:
• Understand options Greeks (delta, theta, vega)
• Use proper position sizing (max 2-3% capital per trade)
• Never trade based on signals alone without market context
• Comply with SEBI regulations and broker policies
Past performance of signals does not guarantee future results.
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Version: Pine Script v6
Supported Indices: NIFTY 50, BANK NIFTY
Resource Usage: Moderate (Multi-security data requests)
Update Frequency: Real-time on current timeframe
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For support or suggestions, please comment below. If this script helps your trading, please like and follow for updates! 🚀📊
Today Range Calculator1. Indicator Name
Today (Today’s Volatility)
2. One-line Introduction
Displays real-time 30-day historical volatility (HV30) as a compact table on the chart, helping traders instantly assess market risk levels.
3. General Overview
Today ↑↓ is a lightweight informational widget that calculates and displays the 30-day Historical Volatility (HV30) of the asset in real time.
Using logarithmic returns over the past 30 periods, the script computes variance and then annualizes it to express volatility as a percentage (%) per year.
The result is shown in a clean 1x1 table cell, which can be positioned anywhere on the chart—top/bottom, left/right—depending on your preference.
This makes it easy to quickly evaluate whether the current market is high-risk (volatile) or stable, without cluttering the chart.
It’s especially useful for position sizing, risk management, volatility-based entry/exit decisions, and as a filter for breakout strategies.
Built with performance in mind, the script uses minimal system resources and can be used alongside any indicator or strategy without interference.
4. Key Advantages
📈 Real-time HV30 Display
Calculates and displays 30-day historical volatility using annualized log return variance.
📍 Custom Table Positioning
Place the volatility display in any corner of the chart for optimal visibility.
🧮 Accurate Log Return Calculation
Uses logarithmic returns to ensure precise volatility representation over time.
🎯 Quick Market Sentiment Read
Helps you determine at a glance whether the asset is in a calm or volatile environment.
🧼 Minimalist Design
Clean 1-cell table format keeps your chart readable and organized.
🚀 Ultra-Lightweight Script
Runs efficiently with negligible impact on chart performance.
📘 Indicator User Guide
📌 Basic Concept
Today ↑↓ calculates 30-day Historical Volatility (HV30) by analyzing the asset’s log returns over the past 30 bars.
The result is annualized and shown as a percentage to reflect volatility in standardized terms.
Useful for gauging risk levels and strategy suitability in current market conditions.
⚙️ Settings Explained
Table Position: Choose where the volatility table appears:
Top Left / Top Right / Bottom Left / Bottom Right
📈 High Volatility Example
HV30 > 50% indicates a volatile environment
Suggests wider stop-losses, cautious position sizing, or favoring breakout strategies
📉 Low Volatility Example
HV30 < 15% suggests a calm market or range-bound behavior
Useful as a signal for upcoming volatility expansions or breakout preparations
🧪 Recommended Use Cases
Position Sizing: Scale position size based on HV30 readings
Strategy Filter: Activate certain systems only when volatility meets predefined conditions
Breakout Timing: Identify low-volatility zones as potential breakout opportunities
🔒 Precautions
This indicator does not generate buy/sell signals; it is a volatility reference tool
HV thresholds vary across asset classes—adjust interpretation accordingly
Since HV30 is historical, it may lag during rapid market changes
Thi Cloud EMA SystemThis is a spinoff of the Ripster's cloud system.
I altered it in order to be more accurate using the 5 min candle instead of the 10
MAG8 Breadth RSI This indicator is for my personal monitoring breadth of MAG 8 , including AVGO for use to trade spy/es and qqq/nq.
A green bar over 6 translates to 6 out of the 8 stocks have RSI's<30. Conversely a red indicator at 6 would indicate 6 out of 8 are overbought, RSI >70.
Extreme 6-8 of 8 either overbought (red) or oversold (green)
Moderate 4-5 of 8 either overbought (red) or oversold (green)
No Signal 0-3 of 8 either overbought (red) or oversold (green)
Not trading advice but thought I would share.
