The indicator provided is intended for educational purposes only and should not be construed as financial advice, investment guidance, or a recommendation to buy, sell, or hold any security or financial product. The information and tools offered are solely for illustrative and informational use to enhance understanding of market dynamics. Past performance of any trading strategy or indicator is not indicative of future results. Users are encouraged to conduct their own research and consult with a licensed financial advisor or professional before making any financial or investment decisions. The creators and distributors of this indicator assume no responsibility for any losses or damages incurred as a result of using this tool. Use it at your own risk...
A technical analysis indicator that combines several functionalities, including zigzag, patterns detection, Fibonacci levels, and option-specific strategies.
Zigzag Pattern Detection: Custom zigzag function detects pivots and reversals using previous reversal ranges. Tracks price movement and identifies directional changes based on detected pivots and dynamically recalculates patterns. Identifies patterns (e.g., A1 to A7) using Fibonacci ratios. Detects and labels important pivot points.
Pattern Levels: Dynamically plots retracement and extension levels(targets) based on pattern detected. Input Strike Level for Call / Put will be plotted on chart for NIFTY, SENSEX, BANKNIFTY, NIFTY_MID_SELECT, CNXFINANCE, BANKX, HDFCBANK, ICICIBANK, KOTAKBANK, AXISBANK, SBIN, INDUSINDBK, BANKBARODA, AUBANK, FEDERALBNK, IDFCFIRSTB, PNB, BAJFINANCE, INFY, TCS, HCLTECH, RELIANCE, ITC, INDUNILVR, LT, TATAMOTORS, M_M, MARUTI.
SF-Line: MA-based line to limit the number of trades.
Buy / Sell Signal : Combines price, volume, and reversal conditions for stronger confirmations. Reduces false positives by alternating buy/sell signals and prevents over-trading.
H / L - Price : Uses a combination of various MA for high/low detection across various periods and multi timeframe intervals. Detects whether your buying is at the high or low price of that symbol.
Options Trading Integration for chart symbol: Expiry date in DD/MM/YY format. Option Call / Put : Monitors signals at multi timeframe intervals for real-time options trading on inputted strike price and generates dynamic calls (CE) and puts (PE) . OS-Level : Input Strike Level for OS-Signal which will be plotted on chart. OS-Signal : Compares calls and puts premiums at equilibrium points.
Alert Mechanism : Provides real-time alerts to help traders take timely actions without constantly monitoring charts. Alerts for Pattern detections(e.g., A1 to A7) & OS-Level are auto selected. Custom On / Off alerts for: Buy / Sell Signal. High / Low - Price. Option Call / Put. OS-Signal.
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