PriceCatch

PriceCatch Bank FD Return Level

Hi Tradingview community.

This script would be of interest to those trading Indian stocks in NSE/ BSE . It is an open-source script with a simple mandate.

ESTIMATE:
  • At what price will your long trade yield a return equal to the selected bank's fixed deposit interest rate (1 year).
  • It will help you to estimate your probable target and whether the set target is at least returning selected bank's fixed deposit interest rate.

USAGE:
Pretty simple. Enter the rate at which you have taken the long entry or drag the price line, any which way. Select the bank whose interest rate you want to calculate the return rate with. Once done, the script will draw a line and give you the price where the return would match the selected bank's fixed deposit interest rate. Then you may manually draw a line at that price level and disable the script.

WHY TO DISABLE?
As the script draws the level on the basis of a particular chosen stock, the line would be irrelevant when you change the instrument. Think of the script as helping you to quickly find the return yield for a specific long trade. Once you know it, no need to keep the script active.

IN THE CHART:
The chart shows that on TVS Motor, a trade taken at 624.65 would have to go up to 658. 40 to give State Bank of India's FD interest rate of 5. 40 p.a.

Feel free to use and contact if you have any queries/feedback.

All the best with your trading.
PriceCatch

PriceCatch Trading
Clean Charts. Clear Signals. Consistent Profits. Wish to copy my set up? PM me.
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Rumah. Anda boleh menyukainya untuk menggunakannya pada carta.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Ingin menggunakan skrip ini pada carta?