Nifty 500 Scanner

28 Jul

Nifty 500 Scanner

Your Ultimate TradingView Tool for Swing and Intraday Trading


🔥 Introduction

✅ If you want to find out which stock out of 500 stocks of Nifty500 is:

1. [✅ ] showing reversal pattern candles after a long down or up trend
   [✅ ] also bouncing from support/resistance
   [✅ ] and that stock gives you live alerts when this condition occurs
   [✅ ] Then, look no further. Nifty500 Scanner is just for you.
   

📊 What is the Nifty 500 Scanner?

The Nifty 500 Scanner is a powerful TradingView indicator for Indian stocks designed to help you identify bullish and bearish reversal signals across all timeframes. Whether you are an intraday trader or a swing trader, this tool gives you an edge by scanning predefined groups of Nifty 500 stocks and visually showing you high-probability setups.

🔥 Key Features

• Scans all Nifty 500 stocks in batches of 25 (20 groups in total). Takes less than 10 minutes to select bearish or bullish reversal stocks out of 500 stocks.
  
  
• Detects over 50 advanced candlestick patterns, divergences, and trend changes in one go in all the selected stocks and displays result right on your chart in the form of a table.
  
  
• Auto-populated real-time table display with signal count and color-coded results.
  
  
• TradingView alerts for instant notification of reversal setups.
  
  
• Shows key support and resistance levels for each stock.
  
  
• Fully compatible with all timeframes – from 1 minutes to monthly chart.
  
  

✅ Why Traders Would Love It?

1. [✅ ] Eliminates manual chart scanning – saves hours every week.
   [✅ ] Improves trade accuracy by filtering out weak setups.
   [✅ ] Instantly tells you which stocks to trade tomorrow (if using after market hours)
   [✅ ] Built for Indian market conditions and TradingView users.
   

⚙️ How It Works?

1. Select a stock group from the dropdown menu (Available in indicator settings).
   
   
2. Suppose you select Group1 and press OK, voila.. the scanner automatically runs through 25 predefined Nifty 500 stocks and updates the table in quick time.
   
   
3. The table shows which stocks are giving bullish or bearish signals and also tells you how many such signals are there. The more signals, the more conviction for upcoming reversal.
   
   
4. Open chart of any stock mentioned in the table to have a detailed look.
   
   
5. The chart will show you a consolidation zone, support/resistance lines automatically.
   
   
6. Set up alerts for your favorite stocks and let TradingView notify you when new signals emerge for that particular stock.
   
   

📌 Important Notes

Stock groups are hard-coded into the script and cannot be modified by the user.
Custom versions for other countries or indices (e.g., S&P 500, FTSE) can be created upon request.

🔍 Optimized For

Swing traders and intraday traders seeking high-probability setups.
Technical analysts using TradingView to analyze Indian stock charts.
Traders looking for an advanced reversal signal scanner.


🚀 Ready to Trade Smarter?


Start using the Nifty 500 Scanner on TradingView and never miss a reversal signal again.

Get Access Now.

16 Ogo

Nota Keluaran

Update: The logic of signal generation updated to be more precise.