Nifty Power -> Nifty 50 chart + EMA of RSI + avg volume strategyThis strategy works in 1 hour candle in Nifty 50 chart. In this strategy, upward trade takes place when there is a crossover of RSI 15 on EMA50 of RSI 15 and volume is greater than volume based EMA21. On the other hand, lower trade takes place when RSI 15 is less than EMA50 of RSI 15. Please note that there is no stop loss given and also that the trade will reverse as per the trend. Sometimes on somedays, there will be no trades. Also please note that this is an Intraday strategy. The trade if taken closes on 15:15 in Nifty 50. This strategy can be used for swing trading. Some pine script code such as supertrend and ema21 of close is redundant. Try not to get confused as only EMA50 of RSI 15 is used and EMA21 of volume is used. I am using built-in pinescript indicators and there is no special calculation done in the pine script code. I have taken numbars variable to count number of candles. For example, if you have 30 minuite chart then numbars variable will count the intraday candles accordingly and the same for 1 hour candles.
NIFTY
Straddle Charts - Live (Enhanced)Track options straddles with ease using the Straddle Charts - Live (Enhanced) indicator! Originally inspired by @mudraminer, this Pine Script v5 tool visualizes live call, put, and straddle prices for instruments like BANKNIFTY. Plotting call (green), put (red), and straddle (black) prices in a separate pane, it offers real-time insights for straddle strategy traders.
Key Features:
Live Data: Fetches 1-minute (customizable) option prices with error handling for invalid symbols.
Price Table: Displays call, put, straddle prices, and percentage change in a top-left table.
Volatility Alerts: Highlights bars with straddle price changes above a user-defined threshold (default 5%) with a yellow background and concise % labels.
Robust Design: Prevents plot errors with na checks and provides clear error messages.
How to Use: Input your call/put option symbols (e.g., NSE:NIFTY250814C24700), set the timeframe, and adjust the volatility threshold. Monitor straddle costs and volatility for informed trading decisions.
Perfect for options traders seeking a simple, reliable tool to track straddle performance. Check it out and share your feedback!
Nifty Smart Zones & Breakout Bars(5min TF only) by Chaitu50cNifty Smart Zones & Breakout Bars is a purpose-built intraday trading tool, tested extensively on Nifty50 and recommended for Nifty50 use only.
All default settings are optimised specifically for Nifty50 on the 5-minute timeframe for maximum accuracy and clarity.
Why Last Bar of the Session Matters
The last candle of a trading session often represents the final battle between buyers and sellers for that day.
It encapsulates closing sentiment, influenced by end-of-day positioning, profit booking, and institutional activity.
The high and low of this bar frequently act as strong intraday support/resistance in the following sessions.
Price often reacts around these levels, especially when combined with volume surges.
Core Features
Session Last-Candle Zones
Plots a horizontal box at the high and low of the last candle in each session.
Boxes extend to the right to track carry-over levels into new sessions.
Uses a stateless approach — past zones reappear if relevant.
Smart Suppression System
When more than your Base Sessions (No Suppression) are shown, newer zones overlapping or within a proximity distance (in points) of older zones are hidden.
Older zones take priority, reducing chart clutter while keeping critical levels.
Breakout Bar Coloring
Highlights breakout bars in four categories:
Up Break (1-bar)
Down Break (1-bar)
Up Break (2-bar)
Down Break (2-bar)
Breakouts use a break buffer (in ticks) to filter noise.
Toggle coloring on/off instantly.
Volume Context (User Tip)
For best use, pair with volume analysis.
High-volume breakouts from last-session zones have greater conviction and can signal sustained momentum.
Usage Recommendations
Instrument: Nifty50 only (tested & optimised).
Timeframe: 5-minute chart for best results.
Approach:
Watch for price interaction with the plotted last-session zones.
Combine zone breaks with bar color signals and volume spikes for higher-probability trades.
Use suppression to focus on key, non-redundant levels.
Why This Tool is Different
Unlike standard support/resistance plotting, this indicator focuses on session-closing levels, which are more reliable than arbitrary highs/lows because they capture the final market consensus for the session.
The proximity-based suppression ensures your chart stays clean, while breakout paints give instant visual cues for momentum shifts.
JJ Thursday Expiry Highlighter - NiftyThursday Expiry Highlighter
This indicator shades the background of all Thursday trading sessions on your chart — ideal for Nifty, Bank Nifty, and other Indian markets where the weekly options expiry typically occurs on Thursdays.
Features:
Highlights entire Thursday columns on any timeframe (intraday or daily).
Adjustable highlight color and transparency for maximum visibility without obscuring candles.
Makes expiry days stand out for quick recognition in both live trading and historical analysis.
Use Cases:
Quickly identify weekly option expiry days for planning.
Visually backtest expiry-day patterns or volatility setups.
Combine with other indicators for expiry-specific strategies.
Disclaimer:
This tool is for educational and informational purposes only. It does not provide financial advice and should not be relied upon as a sole basis for making investment decisions. Market conditions can change, and there is no guarantee of accuracy. Always do your own research and consult a licensed financial professional before trading or investing.
JJ Tuesday Expiry Highlighter – SensexHighlights every Tuesday across your chart for quick identification of Indian market weekly expiry days (Sensex expiry = Tuesday).
Features:
• Works on all timeframes
• Customizable highlight color
• Optional "Expiry" label on daily charts
• Useful for options traders tracking weekly expiry trends
Disclaimer:
This script is for informational and educational purposes only.
It does not constitute financial advice or a recommendation to trade.
Please do your own research and consult a licensed financial advisor.
Pro Tip:
Duplicate this script and change `dayofweek.tuesday` to `dayofweek.thursday` to mark Nifty expiry days as well.
Nifty Futures Monthly ExpiryThis script helps in identifying Nifty Expiry Day, which is last Thursday of every month.
This indicator can be added to Nifty Futures only.
NSE/BSE Derivative - Next Expiry Date With HolidaysNSE & BSE Expiry Tracker with Holiday Adjustments
This Pine Script is a TradingView indicator that helps traders monitor upcoming expiry dates for major Indian derivative contracts. It dynamically adjusts these expiry dates based on weekends and holidays, and highlights any expiry that falls on the current day.
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Key Features
1. Tracks Expiry Dates for Major Contracts
The script calculates and displays the next expiry dates for the following instruments:
• NIFTY (weekly expiry every Thursday)
• BANKNIFTY, FINNIFTY, MIDCPNIFTY, NIFTYNXT50 (monthly expiry on the last Thursday of the month)
• SENSEX (weekly expiry every Tuesday)
• BANKEX and SENSEX 50 (monthly expiry on the last Tuesday of the month)
• Stocks in the F&O segment (monthly expiry on the last Thursday)
2. Holiday Awareness
Users can input a list of holiday dates in the format YYYY-MM-DD,YYYY-MM-DD,.... If any calculated expiry falls on one of these holidays or a weekend, the script automatically adjusts the expiry to the previous working day (Monday to Friday).
3. Customization Options
The user can:
• Choose the position of the expiry table on the chart (e.g. top right, bottom left).
• Select the font size for the expiry table.
• Enable or disable the table entirely (if implemented as an input toggle).
4. Visual Expiry Highlighting
If today is an expiry day for any instrument, the script highlights that instrument in the display. This makes it easy to spot significant expiry days, which are often associated with increased volatility and trading volume.
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How It Works
• The script calculates the next expiry for each index using built-in date/time functions.
• For weekly expiries, it finds the next occurrence of the designated weekday.
• For monthly expiries, it finds the last Thursday or Tuesday of the month.
• Each expiry date is passed through a check to adjust for holidays or weekends.
• If today matches the adjusted expiry date, that row is visually emphasized.
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Use Case
This script is ideal for traders who want a quick glance at which instruments are expiring soon — especially those managing options, futures, or expiry-based strategies.
Reversal Strength Meter – Adib NooraniThe Reversal Strength Meter is an oscillator designed to identify potential reversal zones based on supply and demand dynamics. It uses smoothed stochastic logic to reduce noise and highlight areas where momentum may be weakening, signaling possible market turning points.
🔹 Smooth, noise-reduced stochastic oscillator
🔹 Custom zones to highlight potential supply and demand imbalances
🔹 Non-repainting, compatible across all timeframes and assets
🔹 Visual-only tool — intended to support discretionary trading decisions
This oscillator assists scalpers and intraday traders in tracking subtle shifts in momentum, helping them identify when a market may be preparing to reverse — always keeping in mind that trading is based on probabilities, not certainties.
📘 How to Use the Indicator Efficiently
For Reversal Trading:
Buy Setup
– When the blue line dips below the 20 level, wait for it to re-enter above 20.
– Look for reversal candlestick patterns (e.g., bullish engulfing, hammer, or morning star).
– Enter above the pattern’s high, with a stop loss below its low.
Sell Setup
– When the blue line rises above the 80 level, wait for it to re-enter below 80.
– Look for bearish candlestick patterns (e.g., bearish engulfing, inverted hammer, or evening star).
– Enter below the pattern’s low, with a stop loss above its high.
🛡 Risk Management Guidelines
Risk only 0.5% of your capital per trade
Book 50% profits at a 1:1 risk-reward ratio
Trail the remaining 50% using price action or other supporting indicators
Reversal Scalping Ribbon - Adib NooraniThe Reversal Scalping Ribbon is a trend-following overlay tool designed to visually identify potential reversal zones based on price extremes and dynamic volatility bands. It calculates adaptive upper and lower bands using price action and custom ATR logic, helping traders quickly assess market direction and possible turning points
🔹 Volatility-adjusted bands based on price highs/lows
🔹 Color-coded ribbons to indicate trend bias and potential reversal shifts
🔹 No repainting, works on all timeframes and assets
🔹 Visual-only display, no trade signals — supports discretion-based entries
This ribbon is designed for scalpers and intraday traders to spot reversal setups with clarity. It enhances your trading by showing real-time market bias without unnecessary distractions. By focusing on probabilities, it helps to improve decision-making in fast-paced environments
How to use the indicator efficiently
For Reversal Trading:
Buy: When price closes below the green ribbon with a red candle, then re-enters with a green candle. Enter above the high of the green candle with a stop loss below the lowest low of the recent green/red candles
Sell: When price closes above the red ribbon with a green candle, then re-enters with a red candle. Enter below the low of the red candle with a stop loss above the highest high of the recent red/green candles
Risk Management:
Limit risk to 0.5% of your capital per trade
Take 50% profit at a 1:1 risk-reward ratio
For the remaining 50%, trail using the lower edge of the green band for buys and the upper edge of the red band for sells
JJ Highlight Time Ranges with First 5 Minutes and LabelsTo effectively use this Pine Script as a day trader , here’s how the various elements can help you manage trades, track time sessions, and monitor price movements:
Key Components for a Day Trader:
1. First 5-Minute Highlight:
- Purpose: Day traders often rely on the first 5 minutes of the trading session to gauge market sentiment, watch for opening price gaps, or plan entries. This script draws a horizontal line at the high or low of the first 5 minutes, which can act as a key level for the rest of the day.
- How to Use: If the price breaks above or below the first 5-minute line, it can signal momentum. You might enter a long position if the price breaks above the first 5-minute high or a short if it breaks below the first 5-minute low.
2. Session Time Highlights:
- Morning Session (9:15–10:30 AM): The market often shows its strongest price action during the first hour of trading. This session is highlighted in yellow. You can use this highlight to focus on the most volatile period, as this is when large institutional moves tend to occur.
- Afternoon Session (12:30–2:55 PM): The blue highlight helps you track the mid-afternoon session, where liquidity may decrease, and price action can sometimes be choppier. Day traders should be more cautious during this period.
- How to Use: By highlighting these key times, you can:
- Focus on key breakouts during the morning session.
- Be more conservative in your trades during the afternoon, as market volatility may drop.
3. Dynamic Labels:
- Top/Bottom Positioning: The script places labels dynamically based on the selected position (Top or Bottom). This allows you to quickly glance at the session's start and identify where you are in terms of time.
- How to Use: Use these labels to remind yourself when major time segments (morning or afternoon) begin. You can adjust your trading strategy depending on the session, e.g., being more aggressive in the morning and more cautious in the afternoon.
Trading Strategy Suggestions:
1. Momentum Trades:
- After the first 5 minutes, use the high/low of that period to set up breakout trades.
- Long Entry: If the price breaks the high of the first 5 minutes (especially if there's a strong trend).
- Short Entry: If the price breaks the low of the first 5 minutes, signaling a potential downtrend.
2. Session-Based Strategy:
- Morning Session (9:15–10:30 AM):
- Look for strong breakout patterns such as support/resistance levels, moving average crossovers, or candlestick patterns (like engulfing candles or pin bars).
- This is a high liquidity period, making it ideal for executing quick trades.
- Afternoon Session (12:30–2:55 PM):
- The market tends to consolidate or show less volatility. Scalping and mean-reversion strategies work better here.
- Avoid chasing big moves unless you see a clear breakout in either direction.
3. Support and Resistance:
- The first 5-minute high/low often acts as a key support or resistance level for the rest of the day. If the price holds above or below this level, it’s an indication of trend continuation.
4. Breakout Confirmation:
- Look for breakouts from the highlighted session time ranges (e.g., 9:15 AM–10:30 AM or 12:30 PM–2:55 PM).
- If a breakout happens during a key time window, combine that with other technical indicators like volume spikes , RSI , or MACD for confirmation.
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Example Day Trader Usage:
1. First 5 Minutes Strategy: After the market opens at 9:15 AM, watch the price action for the first 5 minutes. The high and low of these 5 minutes are critical levels. If the price breaks above the high of the first 5 minutes, it might indicate a strong bullish trend for the day. Conversely, breaking below the low may suggest bearish movement.
2. Morning Session: After the first 5 minutes, focus on the **9:15 AM–10:30 AM** window. During this time, look for breakout setups at key support/resistance levels, especially when paired with high volume or momentum indicators. This is when many institutions make large trades, so price action tends to be more volatile and predictable.
3. Afternoon Session: From 12:30 PM–2:55 PM, the market might experience lower volatility, making it ideal for scalping or range-bound strategies. You could look for reversals or fading strategies if the market becomes too quiet.
Conclusion:
As a day trader, you can use this script to:
- Track and react to key price levels during the first 5 minutes.
- Focus on high volatility in the morning session (9:15–10:30 AM) and **be cautious** during the afternoon.
- Use session-based timing to adjust your strategies based on the time of day.
Nifty Top Gainers/Losers [ar]Nifty Top Gainers/Losers - Real-time Market Performance Tracker
A powerful indicator that monitors and displays real-time performance of 40 major Nifty stocks in a clean, organized table format. Perfect for traders seeking instant market breadth insights.
Key Features:
• Dynamic advances/declines counter at the top
• Real-time percentage change calculations
• Color-coded display (green for gainers, red for losers)
• Customizable reference points (Previous Day Close/Today's Open)
• Optional background color based on market breadth
• Flexible top gainers/losers limit setting
Customization Options:
- Adjust colors for gainers and losers
- Set transparency for background
- Modify the number of top performers to display
- Add/remove symbols from the watchlist
- Choose calculation reference (Previous Day Close/Today's Open)
Ideal for:
- Day traders monitoring market momentum
- Investors tracking sector rotation
- Analysts studying market breadth
- Portfolio managers seeking quick market overview
This indicator helps identify market leaders and laggards at a glance, making it an essential tool for informed trading decisions.
Options Series - Technical Analysis Chart➤ Simple Technical Chart Only:
➤ With MA-20 Overlay and Volatility background bars:
➤ With RSI Candles:
⭐ Overview and How It Works:
This script provides a multi-asset analysis tool to assess various market conditions across four symbols simultaneously. It combines several indicators such as daily price change, Moving Averages (MA), Bollinger Bands (BB), Parabolic SAR, RSI, and VWAP to generate buy/sell signals and trend indicators. Its strength lies in the layered use of indicators to enhance signal reliability, making it valuable for traders needing cross-validation in decision-making.
⭐ Key Features and Functionality:
The script evaluates each symbol's price against various indicators and conditions:
Daily Price Conditions: It checks if each symbol’s close price is above or below the previous day’s open, close, and intra-day ranges, forming a foundational bullish/bearish condition.
Range Breakout 1st 5min Candle (ORB): Opening Range Breakout levels are calculated and compared with current close prices, detecting breakout/breakdown conditions.
ORB Body: This basically calculates the previous day Daily candle body size, if todays Daily candle body size is greater than previous day, then we can say that we are having good momentum else its likely to be in-sidebar trading.
Moving Averages (MA): It leverages EMA-20, 2-day, and 3-day exponential moving averages to gauge short to medium-term trends.
RSI and VWAP: Relative Strength Index (RSI) determines overbought or oversold conditions, while VWAP compares prices to volume-weighted levels.
Bollinger Bands and Trend Analysis: Detects volatility and potential breakout conditions.
Concept of ORB Body:
Current_PrevDay_Body = (math.max(var_Current_PrevD_Open, var_Current_PrevD_Close) - math.min(var_Current_PrevD_Open, var_Current_PrevD_Close))
Current_Upper_ORB = var_Current_D_Open + Current_PrevDay_Body
Current_Lower_ORB = var_Current_D_Open - Current_PrevDay_Body
Current_TodayDay_Body = math.max(var_Current_D_Open, var_Current_Close) - math.min(var_Current_D_Open, var_Current_Close)
Current_ORBBody = Current_TodayDay_Body > Current_PrevDay_Body
Current_Upper_ORB_bull = (var_Current_Close > Current_Upper_ORB)
Current_Lower_ORB_bear = (var_Current_Close < Current_Lower_ORB)
🎨 Visualizations and User Experience:
The script can dynamically display colored backgrounds indicating trends when conditions are met. For example, the bgcolor function changes the background when certain trend-based criteria are satisfied, offering visual cues to users. Additionally, the checkbox input toggles trend bar visualizations, enhancing user experience by providing a quick visual reference without needing to interpret individual data points manually.
RSI-Based Candle Coloring:
➤ The script customizes candle colors based on RSI thresholds, specifically defining upper (60) and lower (40) RSI levels. When the RSI value exceeds the upper threshold, candles are colored as bullish (green), and if it falls below the lower threshold, candles are colored as bearish (red). Neutral RSI values result in a default color (gray).
➤ This setup offers a visually intuitive way to identify potential trend directions based on RSI levels, making it ideal for traders looking to gauge momentum visually.
⭐ Settings and Customization:
With multiple user-configurable inputs, the script allows for tailored analysis. Customizable parameters, such as enabling/disabling trend bars and setting various look-back periods for indicators like Bollinger Bands and Moving Averages, make it adaptable to various trading styles and preferences. It also allows users to modify visual elements like colors and styles, improving flexibility.
⭐ Uniqueness of the Concept:
The unique aspect of this script is its multi-symbol approach combined with complex conditions. By comparing not only one but four symbols simultaneously, it provides a broader market view and allows traders to correlate signals across different assets, offering a potential edge for diversified or comparative strategies. Additionally, the incorporation of ORB and multi-timeframe MAs gives it a robustness often lacking in simpler single-symbol scripts.
🚀 Conclusion:
This script is a powerful multi-indicator tool suited for traders looking for a comparative, multi-symbol analysis. With features like ORB, Bollinger Band-based trend detection, and MA cross-verification, it can assist traders in identifying and validating trend signals across assets. The user-friendly visualizations and customizable settings further enhance its usability, making it versatile for various trading strategies and preferences.
Nifty IT VolumeHello everyone,
Here I present Nifty IT index volumes calculated based on weighted volumes of all constituents.
A simple formula for calculation:
constituent1.volume*weightage + constituent2.volume*weightage + ....
You can change color and code if there is a change in constituents of the index from NSE. I will share other index volumes soon.
Enjoy!
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
TCLC(TraderChitra Learning Class)-Option ChainThis indicator plots the Option chain data of the following instruments and columns..
It plots 11 rows ,
5 Rows above the input strike price
1 Row for the input strike price
5 Rows below the input strike price
Instruments :
1. NIFTY
2. BANKNIFTY
3. FINNIFTY
4. MIDCPNifty
Columns :
1. StrikePrice
2.CMP
3.Volume
4.VWAP
5.Diff (Open-Close)
Traders need to change the expiry date to check the premium of the corresponding instruments...
There are few key things,
1. Rows in yellow are marked as ATM strike price
2. Cell values in red / green indicates the prices are trading above / below the VWAP
The prices are expected to be bullish when cmp trades above VWAP and we can gauge the trend
The column Volume provides the details in which strike price more traders are actively traded..
The far month contracts can also be changed in the settings and it helps the swing/positional traders
The Strike price can be modified to check the appropriate strikes
Inside Bar Setup [as]Inside Bar Setup Indicator Description
The **Inside Bar Setup ** indicator is a powerful tool for traders to identify and visualize inside bar patterns on their charts. An inside bar pattern occurs when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. This pattern can indicate a potential breakout or a continuation of the existing trend.
Key Features:
1. **Highlight Inside Bar Patterns:**
- The indicator highlights inside bar patterns with distinct colors for bullish and bearish bars. Bullish inside bars are colored with the user-defined bull bar color (default lime), and bearish inside bars are colored with the user-defined bear bar color (default maroon).
2. **Marking Mother Candle High and Low:**
- The high and low of the mother candle (the candle preceding the inside bar) are marked with horizontal lines. The high is marked with a green line, and the low is marked with a red line.
- These levels are labeled as "Range High" and "Range Low" respectively, with the labels displayed a few bars to the right for clarity. The labels have a semi-transparent background for better visibility.
3. **Target Levels:**
- The indicator calculates and plots potential target levels (T1 and T2) for both long and short positions based on user-defined multipliers of the mother candle's range.
- For long positions, T1 and T2 are plotted above the mother candle's high.
- For short positions, T1 and T2 are plotted below the mother candle's low.
- These target levels are optional and can be toggled on or off via the input settings.
4. **Customizable Inputs:**
- **Colors:**
- Bull Bar Color: Customize the color for bullish inside bars.
- Bear Bar Color: Customize the color for bearish inside bars.
- **Long Targets:**
- Show Long T1: Toggle the display of the first long target.
- Show Long T2: Toggle the display of the second long target.
- Long T1: Multiplier for the first long target above the mother candle's high.
- Long T2: Multiplier for the second long target above the mother candle's high.
- **Short Targets:**
- Show Short T1: Toggle the display of the first short target.
- Show Short T2: Toggle the display of the second short target.
- Short T1: Multiplier for the first short target below the mother candle's low.
- Short T2: Multiplier for the second short target below the mother candle's low.
5. **New Day Detection:**
- The indicator detects the start of a new day and clears the inside bar arrays, ensuring that the pattern detection is always current.
#### Usage:
- Add the indicator to your TradingView chart.
- Customize the inputs to match your trading strategy.
- Watch for highlighted inside bars to identify potential breakout opportunities.
- Use the marked range highs and lows, along with the calculated target levels, to plan your trades.
This indicator is ideal for traders looking to capitalize on inside bar patterns and their potential breakouts. It provides clear visual cues and customizable settings to enhance your trading decisions.
Note:
This indicator is based on famous 15 min inside bar strategy shared by Subashish Pani on his youtube channel Power of stocks. Please watch his videos to use this indicator for best results.
NSE Option Chain
This Indicator show Options Data on signal dashboard , that help trader to analyse the market.
Options data consist of two things , Call and Put.
Every Strike has its Call and Put price.
So if user Opens any chart which is traded in options , dashboard will show total 16 Call and 16 Put strikes
8 Above from ATM and 8 Below from ATM.
On left hand side of dashboard there is Call data and on right side there is Put data.
Call side datas are , Call LTP which is latest price of that call strike , Call Chg which is change in points from previous day close and third is Call % which is % change from previous day close.
Same is on put side.
Color code is done based on positive or negative of data. If change or % is negative then color is red else green.
ATM strike data is plotted in bold
Inputs :
Spot Symbol Input for Option dashboard
Expiry date of that option contract
Strike interval between 2 strikes
Reference ATM strike ( user should keep this input as current ATM strike )
How to Use :
If dashboard shows call side is negative and put side is positive then that means market Bearish , because falling market leads to falling price of call and increase in price of Put.
Similarly if put is negative and call is positive then market is bullish.
This dashboard give trend conformation , trader should take other conformation also before taking trade.
Nifty 50 5mint Strategy
The script defines a specific trading session based on user inputs. This session is specified by a time range (e.g., "1000-1510") and selected days of the week (e.g., Monday to Friday). This session definition is crucial for trading only during specific times.
Lookback and Breakout Conditions:
The script uses a lookback period and the highest high and lowest low values to determine potential breakout points. The lookback period is user-defined (default is 10 periods).
The script also uses Bollinger Bands (BB) to identify potential breakout conditions. Users can enable or disable BB crossover conditions. BB consists of an upper and lower band, with the basis.
Additionally, the script uses Dema (Double Exponential Moving Average) and VWAP (Volume Weighted Average Price) . Users can enable or disable this condition.
Buy and Sell Conditions:
Buy conditions are met when the close price exceeds the highest high within the specified lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
Sell conditions are met when the close price falls below the lowest low within the lookback period, Bollinger Bands conditions are satisfied, Dema-VWAP conditions are met, and the script is within the defined trading session.
When either condition is met, it triggers a "long" or "short" position entry.
Trailing Stop Loss (TSL):
Users can choose between fixed points ( SL by points ) or trailing stop (Profit Trail).
For fixed points, users specify the number of points for the stop loss. A fixed stop loss is set at a certain distance from the entry price if a position is opened.
For Profit Trail, users can enable or disable this feature. If enabled, the script uses a "trail factor" (lookback period) to determine when to adjust the stop loss.
If the price moves in the direction of the trade and reaches a certain level (determined by the trail factor), the stop loss is adjusted, trailing behind the price to lock in profits.
If the close price falls below a certain level (lowest low within the trail factor(lookback)), and a position is open, the "long" position is closed (strategy.close("long")).
If the close price exceeds a certain level (highest high within the specified trail factor(lookback)), and a position is open, the "short" position is closed (strategy.close("short")).
Positions are also closed if they are open outside of the defined trading session.
Background Color:
The script changes the background color of the chart to indicate buy (green) and sell (red) signals, making it visually clear when the strategy conditions are met.
In summary, this script implements a breakout trading strategy with various customizable conditions, including Bollinger Bands, Dema-VWAP crossovers, and session-specific rules. It also includes options for setting stop losses and trailing stop losses to manage risk and lock in profits. The "trail factor" helps adjust trailing stops dynamically based on recent price movements. Positions are closed under certain conditions to manage risk and ensure compliance with the defined trading session.
CE=Buy, CE_SL=stoploss_buy, tCsl=Trailing Stop_buy.
PE=sell, PE_SL= stoploss_sell, tpsl=Trailing Stop_sell.
Remember that trading involves inherent risks, and past performance is not indicative of future results. Exercise caution, manage risk diligently, and consider the advice of financial experts when using this script or any trading strategy.
Mark Minervini's Trend TemplateThe Mark Minervini Trend Template Indicator is a powerful tool designed to identify potential trends in the stock market.
Based on the renowned trading methodology developed by Mark Minervini, this indicator incorporates several key criteria to assist traders in making informed decisions.
The indicator checks the following criteria:
- Price above 50-day Moving Average (50MA):
The indicator confirms if the current price is trading above the 50-day moving average, indicating potential bullish momentum.
- Price above 150-day Moving Average (150MA):
The indicator verifies if the current price is above the 150-day moving average, suggesting a sustained upward trend.
Price above 200-day Moving Average (200MA): The indicator ensures that the current price remains higher than the 200-day moving average, indicating a strong bullish bias in the market.
- 50-day Moving Average (50MA) greater than 150-day Moving Average (150MA):
This criterion compares the 50-day moving average with the 150-day moving average and confirms if the shorter-term average is higher, signifying increasing short-term strength.
- 50-day Moving Average (50MA) greater than 200-day Moving Average (200MA):
This criterion compares the 50-day moving average with the 200-day moving average and validates if the shorter-term average is higher, indicating a potential bullish trend.
- 150-day Moving Average (150MA) greater than 200-day Moving Average (200MA):
This criterion compares the 150-day moving average with the 200-day moving average and confirms if the intermediate-term average is higher, suggesting a strengthening bullish trend.
- 200-day Moving Average (200MA) in Uptrend:
The indicator analyzes the slope of the 200-day moving average to determine if it is ascending, indicating a sustained bullish trend.
- Price within 25% of 52-week High:
The indicator assesses if the current price is trading within 25% of its 52-week high, potentially indicating a strong upward momentum and bullish sentiment.
- Price at least 25% above 52-week Low:
The indicator verifies if the current price is trading at least 25% above its 52-week low, suggesting resilience and potential bullish strength.
*Also, when you hover over the table cells, it shows the tooltip.
*By incorporating these criteria into your TradingView charts, the Mark Minervini Trend Template Indicator can help you identify potential bullish trends, enabling you to make more informed trading decisions.
*Please note that this indicator should be used to support your analysis and combined with additional technical and fundamental analysis for a comprehensive trading strategy.
***Disclaimer:
The Mark Minervini Trend Template is intended for informational and educational purposes only.
Trading involves risk, and you should consult with a financial advisor or conduct your research before engaging in any trading activities.
Add it to your favourites and start using it right away!
Nifty TOP 10 Puller and Drggaers by Deehi guys this is a straightforward indicator that shows the top 10 nitty pullers and dragger
How to use it ?
in the table, you can see the values of each puller and dragger well as their contribution amount and it will show if they puller or dragger
graph shows the puller and dragger using a line
both have max 100 points allocated
if they exceed the 100 points then a line will struck their ( point to remember ) it does not glitch
so it will give Ruf idea of who is strong
if buyers are strong then the green lien will always be upside
if sellers are string then the red line will always be upside
*Cross Over *
there are 2 types of cross over 1 is bull cross over other is bear cross over
when bulls are strong they will cross over the red from the bottom it showing that significantly strong
when bear is strong they will cross over the green from the bottom it shows that bear is significantly strong
hope you understand how to use it
we have limitation in trading view so we choose only 10 stock to calculate the %
BankNifty targets using VIX Version 2Original Idea Credit: Verified Market Waves
Hi,
After watching different videos online on how to get targets of BankNifty & Nifty decided to write this small script using VIX.
Nothing great but I really like the concept of getting high and low targets for the day or weekly or monthly or yearly.
What does the script do
1. We get closing of India Vix & BankNifty and Nifty
2. We get square root of Daily (365 days) | Weekly (52) | Monthly (12) & Yearly (1)
3. We divide India Vix closing with different square root to get a decimal value.
4. We use the derived value from step 3 which is used as % to calculate high and low values on BankNifty close price.
Small explanation via below screen shot to understand how to use it.
As always it comes with source code so you can modify as per your requirement.
Hope it helps 👍
NIFTY 50 5mint StrategyThis is an intraday strategy for NIFTY50 Based First candle High and Low breakout.
The strategy takes user inputs for the start and end dates, start and end months, and start and end years, which define the time range to trade. The user can also specify the maximum number of trades to take during the time range and the length of the Exponential Moving Average ( EMA ) used in the strategy
In this strategy, the First candle's high and low are calculated and used as entry and exit points for trades. If the close price breaks above the First candle's high, a buy signal is generated. Conversely, if the close price breaks below the First candle's low, a sell signal is generated.
The strategy uses the Exponential Moving Average ( EMA ) as a filter to close entered positions either long or short, EMA also acts Target. If the close price falls below the EMA, a long position is closed, and if the close price rises above the EMA, a short position is closed or the PreviousCandleClose is above the First candle's high a short position is closed, When the PreviousCandleClose is below the First candle's low a long position is closed, First candle's high act as Stoploss
The strategy limits the number of trades taken within the specified time range, and if the time range is exceeded, all positions are closed.
Finally, the strategy plots the First candle's high and low, EMAs on the chart for visual reference.
Default settings work best with the 5mint candle, you may tweak settings according to your needs.
backtesting helps in interpreting how the trading strategy would have behaved in the past, and forward testing (paper trading) informs the traders how it would perform now.
Peer Performance - NIFTY36STOCKSI have created a peer performance dashboard for:
36 stocks from:
5 sectors of Nifty 100
This kind of dashboard is very useful for traders when they are planing to trade in a stocks and like to see how that is stocks is performing against other stocks in the same sector . Picking outperforming stocks will always give outstanding results when market starts moving. os having view on teh complete sector will always be good for traders before picking a specific stock.
Sectors covered in this indicators are:
Indian Auto Sector
Banking Sector
Oil, Gas and Energy Stocks
Cement Sector
Technology Sector
It will help traders reviewing performance ( stock return in last 1 year) of group of stocks from a particular sector .
Basically 5 functions are used to plot this dashboard
using "if " function to shortlist the stocks and the sector it belongs to.
tablo function to plot a table with specific parameters like number of row and columns, color of the frame of table
Getting yearly return into a series of variables using "request.security" function
str.tostring function is used to convert yearly return into a series of text so that it can inserted into the table cell.
finally plotting all the text and yearly return values using table.cell function
