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Mr. Nitish Kumar Triveni Sangam Shapes and Alerts
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Triveni Sangam Shapes and Alerts:
Spot and set alerts on "Triveni Sangam" (Three averages meeting) breaks. 1. It helps avoid cluttering the chart with the three averages (9 SMA, 20 SMA Bollinger Band, and VWAP) by hiding them and optionally showing only the Golden (bullish) and Death (bearish) crosses.
2. Avoid showing consecutive breaks of the same color, so that one can act only on a significant breaks.
3. This setup is generally used with the Hilega Milega indicator.
4. One can learn more about this setup from Mr. Nitish Kumar's YouTube video titled: "Triveni Sangam Intraday Trading Setup With #Hilega_Milega | By- N.K Sir | #NKSTOCKTALK".
5. Most importantly, it helps set up alerts to get triggered not only when the breaks occur, but even as the break is impending based on a customizable price percent threshold.
Please let me know for any issues/improvements needed.
Thanks!
Spot and set alerts on "Triveni Sangam" (Three averages meeting) breaks. 1. It helps avoid cluttering the chart with the three averages (9 SMA, 20 SMA Bollinger Band, and VWAP) by hiding them and optionally showing only the Golden (bullish) and Death (bearish) crosses.
2. Avoid showing consecutive breaks of the same color, so that one can act only on a significant breaks.
3. This setup is generally used with the Hilega Milega indicator.
4. One can learn more about this setup from Mr. Nitish Kumar's YouTube video titled: "Triveni Sangam Intraday Trading Setup With #Hilega_Milega | By- N.K Sir | #NKSTOCKTALK".
5. Most importantly, it helps set up alerts to get triggered not only when the breaks occur, but even as the break is impending based on a customizable price percent threshold.
Please let me know for any issues/improvements needed.
Thanks!
Nota Keluaran
Fixed 9 SMA which is based on "high" price instead of "close" price. Nota Keluaran
Added "Any alert condition" functionality for a broad tracking.Nota Keluaran
Improved/fixed all type of alerts and added a new alert to cover all conditions properly.Nota Keluaran
Minor fix..Nota Keluaran
Added a graded alert for either a Golden or Death cross occuring condition. Nota Keluaran
Made significant changes to the script. 1. The Triveni Sangam is not based on the MA (moving averages) crossovers anymore. It is now based on them coming close together. This squeeze is decided based on ATR. When the three averages come within 1 ATR of the close price then it's considered a Trivenin Sangam.
2. As such the logic of Golden and Death cross is removed entirely. Now it's the user's choice on whether or not to cosidered it bullish or bearish Triveni Sangram. This can be done based on Hilega Milega, for example.
3. As before, there is a logic to avoid having frequent Triveni Sagam detections which the user can control based on the number of candles after which a new Triveni Sagam should be detected.
4. Other minor fixes.
Nota Keluaran
Improved how the Triveni Sangam shapes are plotted for a deeper historical analysis. Skrip sumber terbuka
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