RR 2
Software signal with Trend of the market/Central Pivot Range combined with RR1 for better results.
BANKNIFTY
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.
Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)
So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.
So, Closing value of previous day vwap = Pvwap
Today's running vwap = Cvwap
Defining the IntraDay Trend:
Moderately Bullish = candle closing price above Pvwap but below Cvwap
Super Bullish = Closing price is above both (Cvwap and Pvwap)
Moderately Bearish = Closing price is above Cvwap but below Pvwap
Super Bearish = Closing Price is below both (Cvwap and Pvwap)
A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend)
Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
PpSignal Impulse V1.20PpSignal impulse is based on the concept of relative strength index, Rsi its acronym in English.
Although the calculation is similar, it differs in how the force is calculated. To calculate the force we are based on the analysis of the trend through a WMA.
It is important to clarify that you must do a prior analysis of the asset that you are going to trade, such as resistance supports, channels, chart formations, etc.
Buy when the sign is white.
Sell when the signal is red.
You can also perform buy or sell boosts if you activate impulse 2 and 3.
MAST TrendHello Traders !!
This is a simple super trend based MAST trend.
By default the supertrend is 10 period with 3 ATR multiplier.
A moving average is used to benefit from the pullback entries.
Bullish Pullback : Price above Supertrend & below MA
Bullish: Price above Supertrend and above MA
Bearish pullback : Price below Supertrend & above MA
Bearish : Price below Supertrend & below MA
Refer to investopedia or any relevant articles for in detail about Supertrend.
Vwap Pvwap Intraday Trend - NiftyKishoreHello Traders !!
This is a simple trend identification script which is based on the current vwap (Cvwap) and previous vwap (Pvwap).
Pvwap in the sense; previous day vwap closing value.
Bullish: price is closing above the current day vwap and previous day vwap(pvwap).
Bearish : Price is closing below the current day vwap and previous day vwap (pvwap).
Made a change to the barcolors as well :)
Bullish
Green Bar: close is above Pvwap and Cvwap.
Blue bar: close is above Pvwap but below Cwap.
Bearish
Red bar: close is below Pvwap and Cvwap.
Purple bar: close is below Pvwap but above Cvwap.
Simple but effective
Cheers !!
PpSignal Momentum TraderThis is a combination of the PERCENTAGE of PRICE OSCILLATOR (PPO) and Momentum.
When both oscillators are up in the same direction it is buying (green bottom and green oscillators), when both oscillators are down it is sell (red bottom and red oscillators. When they do not agree (silver bottom) it is to keep doing nothing .
You can also see the change in trend with the candles as well. same colors as the background and the oscillators.
pSignal CFB and Slope Trend Folow This indicator shows the trend of an asset (nifty, crypto, forex, stock, etc., taking as a starting point the volatility and direction of the market.
When the moving average slope crosses up CFB (see CFB explanation below) it is BUY.
When the Moving Average Slope crosses CFB down it is sell.
The system also has a support and resistance (daily, weekly, or mouth) identifier.
The alarm of resistance or support signal: When price close and volume break daily support or resistance the general system is a visual signal.
Bull Wick= the high price broke the resistance.
Bear wick = the low price broke the support.
Break Out color blue color = the close price and the volume broke the resistance.
Break Out color maroon color = the close price and the volume broke the support.
The system also has the Bollinger bands that show us the volatility of the market and when it is up or down. Read more about the use of the Bollinger band
CFB
his indicator was designed to filter out lower price actions for a clearer view of trends. Inspired by QQE's volatility filter, this filter applies the process directly to price rather than a smoothed RSI . Range Filter and bands are now calculated in a singular function. There are now two different calculation methods for the filter. Select the type you want to use through the "Filter type" entry. Type 1 is the original formula. Multiple range size methods are now available.
You can choose between the following scales:
- Points
- Pips (Works best with currency pairs, obviously)
- Ticks -% of the price - ATR - Average change (default. This is the original sizing method). - Standard Deviation
- Absolute (absolute numerical value)
- Smoothing with the range elder is now optional, and you can specify its smoothing length.
Smoothing only affects dynamic scales (ATR, average change, and standard deviation).
- Filter movement can now be determined using highlights or closing price. This can be specified through the input.
PpSIgnal Quantile Band 4.0Quantile band: In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way.
Quantitative Qualitative Estimation is based on a rather complex calculation of the smoothed RSI indicators.
The QQE indicator consists of a smoothed Relative Strength Index ( RSI ) indicator and two volatility-based trailing levels (fast and slow). The Fast Trailing Level (TL) and Slow TL are constructed by calculating the ATR of the smoothed RSI over n-periods and then further smoothing the ATR using an additional n-periods Wilders smoothing function. This smoothed ATR of RSI is then multiplied by the Fast and Slow ATR Multipliers to calculate the final Fast and Slow Trailing Levels.
Buy when the Quantile band is green.
Sell when the Quantile band is red.
when the quantile band is gray hold
BANKNIFTY Auto-Trading Indicator based on Market InternalsNSE:BANKNIFTY
Dear Fellow Traders,
This indicator for BankNifty INTRADAY trading is based on Market Internals - Advance/Decline Volume and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some technical analysis on Price action doesn't provide good results.
Price action along with Volume gives a meaningful insight and helps in improving the accuracy.
But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement.
We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. And this tool provides the exact feature.
In a nutshell,
1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME
2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME , WHICH HELPS IN DECIDING THE MARKET DIRECTION.
P.S: This is an Invite-only indicator. Inbox me for getting access.
Bank Nifty VWAPBANK NIFTY INDICES IS WIEGHTAGE OF 12 STOCKS AS DECIDED BY EXCHANGE.
BANK NIFTY VWAP CALCULATES COMBINED VWAP OF THESE 12 STOCKS AND GENERATES VWAP FOR BANK NIFTY
Zeta ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Scalper?
Zeta Scalper indicator is a momentum based indicator which tries to detect momentum based upon a number of Candle Stick Patterns.
When it thinks a move has the potential to turn into a big move, it generated its Buy/Sell Signals.
It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scalper seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scalper detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals.
It works on all time frames including 1 min. 3min. 5min. & 10min. etc.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Zeta Scalper?
Whenever you see a Buy Signal, mark its closing price with a horizontal line and as soon as a candle breaks this candle's High, it is time for you to take Entry.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE.
BANKNIFTY - Anchored VWAP
An attempt to make Anchored VWAP for NSE:BANKNIFTY from Volume of underlying securities.
Notes :
- To cross check one may verify by changing Symbol to any stock and use in-built VWAP indicator
- Works only with BANKNIFTY and stocks. Does not work with other NSE Indices
Crazy Signals - Early Detection of a Short Term TrendThis is a simple yet powerful tool that helps you detect Trends for the short term.
Time Frames:
- Avoid using very small time frames as there will be too many signals in a short period
- Intraday: 15 mins, 30 mins, 60 mins seem to detect trends well
- Overnight Trades: 60 mins
- Positional: 1D is recommended
- For Investment, one can week a weekly timeframe
Rules of Engagement:
1. The Upward Arrow (Green) indicates possible upside. While the Downward Arrow (Orange) indicates a possible downside
2. Not every Signal has to be traded. Rules to check before taking a trade:
a. The candle on which the Signal is generated, should be either small or medium size compared to other candles on the chart. If the candle is large, ignore it
b. In case of a Buy Signal, entry should be made once the Price crosses above the High made on the Signal Candle
c. In case of a Sell Signal, entry should be made once the Price crosses below the Low made on the Signal Candle
d. For extra caution, in steps b & c, one can wait for the current candle to close higher than the High of Signal Candle for Buy Signal and close lower than the Low of Signal Candle (this is for extra safe traders)
This tool is to be used for trades that usually last for a few candles.
Please do your own research before trading.
BANKNIFTY Free Float VolumeThis indicator is build keeping in mind how the Indian Market is formed - free-float market capitalization concept
1) Considered all banknifty index stocks according to NSE
2) Multiplied each stock Volume by its Weightage given in NSE Site every month End - means giving importance to volume by its weightage
3) Green Candle - Considered as +Ve Volume , Red Candle - Considered as -Ve Volume
4) Diff of +Ve Volume & -Ve Volume give clear picture market will go up or down
Note:- This Indicator work only for 15 Min time frame
Gives better results good Risk Reward used near Supp/Resistance
Combine with BANKNIFTY / NIFTY Advance-Decline Ratio give confidence on the move
Eg:-
Bullish Scenario
Near Support, Volume Turned -Ve to +Ve, Adv /Dec of Nifty >30/35 or BNF Adv /Dec > 7
or combine any candle patterns( Pin Bar ) at Sup/Res or combine with Chart Pattern(Triangle/ Rectangle )
Can take 75 Pts as SL and target 150-200 Pts
Bearish Scenario - Vice Versa to above
backtested results showed high Accuracy when used in combination of Sup/Res
Trade in Real Life - Scalper StudyTrend Following using Channel based Script. Long and Short Entry based on Custom filter to avoid False Signal.
Works best for BankNifty and Nifty and few Indian Stocks.
Consolidation and Breakout detectorExperimental : This script identifies the consolidation of a stock for selected time period. The consolidation period and range can be configured. 2 levels of consolidation levels can be selected. i.e Strong and medium. The range for strong and medium level of consolidation can also be configured by the user.
A movement in the direction of breakout of the consolidation level is observed most of the times. I have also added reversal line/stoploss line, so that the breakout movement is cancelled once that line is crossed by the candle close.
Currently consolidation levels are configured for 5 minute chart NSE:BANKNIFTY OANDA:NAS100USD . Can be reconfigured easily for any timeframe.
Zeta ForceBank Nifty is an Index which comprises of 12 Banking Stocks.
Zeta Force indicator tracks underlying stocks’ Price & Volume simultaneously to detect sudden momentum in this index.
Based upon its calculations, Zeta Force indicator calculates V+, V-, Zeta Force & Zeta TP variables and generates Buy/Sell signals when major changes are detected in these variables.
Since price is a major factor in Zeta Force calculations and price keeps fluctuating during candle formation, traders need to wait a little to see if the Buy/Sell signal sustains or not.
Once the candle gets closed, the Signal will not repaint itself.
The best time frame to use with this indicator is 15 minute and 10 minute.
Do not use with lower time-frames as settings have been coded for 10 or 15 minute time frame only.
This is only Bank Nifty specific indicator and can not be used for Nifty or other stocks.
Trend Following Algo by Technicaltrader615 for BankniftyThis is an Intraday Trend Following System developed for Trading the Bank nifty Index. It couples traditional trend following with Momentum and Price action. The trades are Entered and Exited the Same day. If Old buy signal is continuing, system wont take trade, System will wait for new signals. For continuation or re entry there is a separate program which is under development.
This can be applied to Futures segment and Options Also. Options you have to understand parameters like Expiry, Strike Price, IV etc; Future trading is recommended compared to option as the system is tested with futures.
For more Details you can contact thru trading view chat window. You can also scroll down for my signature. There will not be any trail period.
BankNifty ticksThis is an attempt to create a leading indicator for BankNifty movement.
Here I combine Banknifty stocks and indices to create a Tick chart.
A Tick Chart - By definition, a Tick Chart tracks movement of the underlying stocks. A positive move is counted as +1 and negative move is counted as -1. Total for the underlying stocks is shown as tick chart.
BUT - Some stocks like HDFC Bank have much larger influence on the BankNifty index. So I have give weights to the stocks to calculate the index. Movement in other indices like Nifty also has influence of Banknifty next move. Hence I have combined a few indices in the calculation.
How to use this chart:
Reversals: One can look for strong tick movement in reverse direction of current trend - preceded by weak ticks.
Continuation Confirmation: Average tick movement in the positive or negative territory can confirm the positive or negative momentum respectively.
Further Notes:
I have also observed that before some reversals, tick value jumps to extreme. e.g. chart is showing minor uptrend. So we are getting Ticks in positive territory .. and there is a sudden extreme uptick..and then Banknifty turns down.
Nothing is perfect. So, even this indicator doesn't give you exact signals. Please take every indication / signal to strengthen your price action analysis.
Bank Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
I took the open source code from @daytraderph script called, Custom Volume
I will make sure I will update the contribution percentage of all stocks my self instead o you update using input methods. This is the difference. Some people don't know where to look at this to update the value, so for them this script might be useful. And this is the only difference comparing to Custom Volume script.
BankNifty Modified McClellan OscillatorThe McClellan Oscillator developed by Marian McClellan is a useful breadth indicator because it describes the acceleration that takes place in the breadth numbers.
How to read McClellan Oscillator
A positive or negative value gives a simplistic bullish or bearish statement about the short-term trend of the market
Very low readings show oversold conditions
Very high readings show overbought conditions
Divergences are also important to look for as a sign that the strength of a trend is waning
Here same oscillator is rebuilded for BANKNIFTY using the difference between Capital weighted Up Volume and Down Volume instead of Advance - Decline.
[VBose] Bank Nifty Volume With Accumulation/Distribution Bank Nifty Volume With Accumulation/Distribution Indicator shows Weighted Spot volume bars and the accumulated/distributed (A/D) portion of them. It calculates candle body to candle height ratio and multiplies it by Spot volume: Spot volume*(close-open)/(high-low)
The Spot Volume is calculated by the weighted sum (Composite method) of deriving stock volume from underlying 12 stocks in the Bank Nifty Index.
This Indicator has ability to multiply The Volume With Price and Take the Output of Volume or A/D to be fed as source in other indicators.
Light Green Color Shows Total Bull Volume > With Dark Green Color as Accumulation
Light Red Color Shows Total Bear Volume < With Dark Red Color as Distribution
Moving Average for Volume and A/D Line can be added with custom Moving Average Settings
Note:Trading view still does not provide Volume in Bank Nifty Index and this indicator calculates Spot Volume which is different than Futures Volume of Bank Nifty.
IndianPivotBoss_ADRAverage Daily Range indicator
This indicator shows the average daily range. By default shows one day Daily Range. It can be customised upto 100 days. Strongly suggested to use 1-5 days only.
It also plots 4 lines which are by default 10 day average Daily Range (ADR) with 50% of ADR, 75% of ADR, 100% of ADR and 125% of ADR.
These are used to calculate potential daily targets.
However, the most important usage is on daily chart for the next day analysis for trading intraday. If DR is less than 50% of the ADR (BOTTOM MOST LINE), the color of the bar will be in red which indicates that there is heavy contraction which could possibly followed by expansion. This could possibly lead to a trending day and hence traders can prepare well in advance.
