NSE METRICS Public [ILuvMarkets]This indicator supports the following NSE wide metrics derived from EOD BHAVCOPY.
UP/DOWN VOLUME
UP/DOWN TRADED VALUE
ADVN/DCLN
4% UP/DOWN
NEW HIGHS/LOWS 20D
NEW HIGHS/LOWS 50D
NEW HIGHS/LOWS 100D
NEW HIGHS/LOWS 200D
The metrics can be displayed as NET ( UP - DOWN), ACTUAL VALUE (UP vs. DOWN) or a PERCENTAGE ( UP / (UP + DOWN))
Please use Daily Timeframe for these metrics.
The metrics are updated by an EOD Batch process once NSE BHAVCOPY is available.
NIFTY
TEWY - Magic Strength Indicator V2My goal is to equip every trader and investor with the essential tools necessary to confidently navigate the complexities of the financial markets, enabling them to consistently identify opportunities and maintain a position of strength on the winning side of their trades. This indicator stands as an immensely powerful tool, delivering a comprehensive and robust approach to market analysis and decision-making.
Allow me to provide some context regarding the genesis of this indicator. The global financial landscape encompasses a multitude of markets, ranging from the money market to the stock market, cryptocurrencies, commodities, and beyond. Often, these markets display proportional or inverse correlations, unveiling the intricate interplay between them. At the heart of this concept lies a meticulous comparison between a selected ticker and other analogous markets. This analytical approach serves as a pathway to unearthing invaluable insights and intricate patterns across interconnected sectors.
So, I created this indicator, to empower you with the capability to select and construct combinations of up to seven comparable markets and offer a comprehensive perspective on market dynamics.
Let me to elucidate the intricacies of this indicator and delve into its versatile configurations. By understanding its components and tailoring its settings, traders can harness its full potential to make informed and strategic trading decisions.
Related to indicator configuration sections
Section 1. 'PRIMARY AND SECONDARY INDEX' and Section 2. 'GLOBAL REFERENCE INDEX'
To utilize this indicator, begin by configuring at least one comparison indicator in the "Primary Index" field. Additional options include the secondary index (which can function as a sector index) and five global indices. Furthermore, you have the flexibility to adjust their timeframes, allowing for comparisons across various time horizons.
Section 3. ADVANCED FEATURS
Consider a scenario where you've pulled up a chart for "NSE:BANKNIFTY" and desire to assess the relative strength of "NSE:NIFTY" in comparison to global indices. To accomplish this, explore the Advanced Feature section and toggle the "Use Different Base Ticker" option to "Yes." Subsequently, input "NSE:NIFTY" as the symbol/ticker in the designated box. This ingenious feature empowers you to evaluate the strength of "NSE:NIFTY" the backdrop of the "NSE:BANKNIFTY" chart. The result? A remarkably potent analytical capability at your fingertips! The possibilities it offers are indeed remarkable!
Section 4. LINE AND BARCOLOR RELATED
I have dedicated considerable effort to scrutinize historical patterns within the strength indicator of various symbols. Through meticulous analysis, I've identified pivotal conditions that often herald shifts in market or symbol trends. Leveraging this insight, I've devised a system to determine optimal strength line colors and bar colors. This strategic approach adds a layer of precision to the indicator, enhancing its effectiveness in recognizing and visualizing trend changes.
Recognizing the prevailing tendency of global markets to exhibit more upward momentum than downward movement, I've taken into account this inherent "Long Bias." With this understanding in mind, I've incorporated a unique feature that aims to prompt an early transition from red to green bar colors when there's a potential indication of a trend reversal from a downtrend. By proactively signaling the shift in color dynamics, this feature aligns with the overall upward-leaning nature of the markets, enabling traders/investors to respond swiftly to potential changes in trend direction.
By employing the 'Use Simple Method of Calculation,' the determination of strength line color is executed through a straightforward crossover technique. This approach proves particularly effective in scenarios where inverse correlations exist between the symbols or tickers being compared. Additionally, an 'Inverse Scale' option is available, wherein a simple multiplication by -1 is applied to all values. This ingenious feature offers a convenient perspective on symbols or tickers that exhibit inverse correlations, further enhancing the indicator's adaptability to a wide array of market dynamics.
**** It's important to note that the 'Change Bar Color' option is intentionally set to the default selection of 'No.' By design, only when you opt to set it to 'Yes' do custom bar colors come into play on the chart. This thoughtful design choice acknowledges the potential need to preserve bar colors when seeking to discern inverse correlations between symbols. Should you require a modification in bar colors, kindly select 'Yes' to initiate this change and access the custom color functionality.
Section 5. LABELS
Moreover, to facilitate ease of use and organization, I've included a practical feature for instances where you deploy this indicator multiple times on a single chart. Within this context, should you wish to assign quick tags to each instance, a dedicated free-text box is at your disposal. This allows you to conveniently label and categorize different instances of the indicator, ensuring a streamlined and efficient approach to managing your chart analyses.
I encourage you all to embark on a rewarding journey in your trading and investing endeavors. With this indicator as your ally, equipped with its potent analytical capabilities, may your path be marked by well-informed decisions and prosperous outcomes. Wishing you every success in your trading and investment journey!
Should you have any inquiries or require further clarification regarding this indicator, please do not hesitate to reach out to me via direct message. I am here to provide you with the necessary guidance and support to ensure your experience with this tool is both seamless and enriching. Your understanding and satisfaction remain my utmost priority.
By TEWY - Trade Easy With Yogesh
I am Yogesh
Magic LevelsPS MODS : This indicator calculate the levels based on IndiaVIX, volumes on FnO, cofficient and factor to reach on the level. Hope this can help you to understand the functionality of this Indicator
This indicator is used for draw levels or "Magic Levels/Lines" for Nifty, Bank Nifty and FnO futures, based on volatility (indiavix) calculations. This powerful tool is designed to provide insights into market volatility and assist traders and investors in making informed decisions in the Indian stock market.
As of now the indicator draws levels only on Bank Nifty and Nifty. Soon we'll publish the next update supporting all FnO Futures and stocks.
The India VIX, often referred to as the "Fear Index," is a popular measure of market volatility and investor sentiment. It quantifies the market's expectations of near-term volatility by calculating the implied volatility of NIFTY options. The VIX Levels Indicator utilizes these calculations to draw key levels on price charts, enhancing traders' understanding of potential market movements.
The indicator's main function is to identify critical support and resistance levels derived from IndiaVIX data. We considered to volatility of all the FnO instruments and calculated the mean value keeping the day into consideration while performing the calculations. These levels serve as significant reference points that can help traders gauge potential price reversals, breakouts, and trends. By integrating the Magic Levels Indicator into their analysis, traders can gain a comprehensive view of market dynamics and improve their timing for entering or exiting positions.
Traders can customize the VIX Levels Indicator to suit their preferences, adjusting parameters such as time period where the default is 1 day. This flexibility allows traders to adapt the indicator to different trading strategies and timeframes. Whether a trader focuses on intraday scalping or swing trading, the Magic Levels Indicator can be a valuable addition to their technical analysis toolkit.
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 %
Option ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock or any other instrument that can be traded.
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 Option Scalper?
Option Scalper indicator is a momentum-based indicator that tries to detect momentum based upon a number of factors as given below:
(1) Price action accumulated over a period of time when big candles are nowhere
(2) Repeatedly Occurring, certain Candle patterns which indicate if buyers have the upper hand or sellers are ruling the market.
(3) Gradient of moving averages which shows consistency of net buying/selling force
(4) Price jumping normal distribution line and landing in outlying areas, signalling increasing momentum of buying/selling activity.
Based upon the above factors, when Option Scalper thinks a move has the potential to turn into a big move, it generates its Buy/Sell Signals.
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, moving average lines start scaling up or down or volumes start increasing.
Option Scalper detects these (1) Higher Highs or Lower Lows, (2) scaling up moving average lines, and/or (3) price breaking out of channels; and generates Buy or Sell signals.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals. When a Buy/Sell Signal appears, a small line starts forming up at the closing level of Buy/Sell signal candle. Your Entry will be above that line for Buy Signal and below that line for Sell Signal.
It works on all time frames.
Whenever a Buy Signal is followed by Sell signal (let it be after 7 - 8 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, forex and any other instruments alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Option Scalper?
Whenever a Buy/Sell Signal appears on a candle, Option Scalper starts marking its closing price with a horizontal line that keeps extending towards right side with every new candle. This line is Blue in Color for Buy Signal and dark golden color for Sell Signal.
Initially this horizontal line will be very small but as more and more candles appear with the passage of time, the length of the line keeps increasing.
The purpose of this line is to mark the closing price of Signal candle and you have to take your Buy Entry above this line (if last signal is BUY) or you have to take your trade Below this line (if last signal is SELL).
The indicator will also draw another line at the Opening Price of Signal Candle, which can act as your initial stop loss. If trade starts moving in your direction and price goes above upper variance line (light green curvy line) or goes below lower variance line (purple wavy line), then that line becomes your trailing stop loss line from that point onwards.
The indicator also marks the consolidation zone for you. If the Buy/Sell Signal has come but price is in consolidation zone (grey colour cloud), do not take any positions yet and wait for the price to come out of the cloud and breach the Entry Line.
Exiting Buy/Sell Positions and Re-Entry Rules
1. Exiting your Buy Trade: When a Buy Trade is active, indicator can detect where the ongoing upmove may end or retrace for a while and it will print an X symbol (RED COLOR) to warn you. After you see a Red Color X symbol, if price starts making lower lows, you can exit your Buy Trade there or if you are in good profit, you can wait for the price to go below upper variance line (the green color Trailing Stop Loss Line for Buy Trade). See the image below for Red Color X symbol which warns you to be prepared for EXIT from Buy Trade:
2. Re-Entry for Buy Trade: If the last signal on your chart is still Buy Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in buy trade if and when price again climbs above the grey cloud.
3. Exiting your Sell Trade: When a Sell Trade is active, indicator can detect where the ongoing down-move may end or retrace for a while and it will print an X symbol (Green COLOR) to warn you. After you see a Green Color X symbol, if price starts making higher highs, you can exit your Sell Trade there or if you are in good profit, you can wait for the price to go above lower variance line (the purple color Trailing Stop Loss Line for Sell Trade).
4. Re-Entry for Sell Trade: If the last signal on your chart is Sell Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in Sell trade if and when price again crosses below the grey color cloud.
See the image below for recognizing Red and Green X symbols which indicate that temporary retracement or reversal signal is developing:
What are the other features of Option Scalper?
1. End to End Horizontal Support/Resistance Lines: Indicator also detects, prints and deletes horizontal support and resistance lines which can help in your trading decisions. For example, a Buy Signal comes and price crosses above upper variance line and also crosses nearby horizontal resistance line means it has higher probability of moving further up. The reverse is also true (for Sell Signal). See an example of a resistance line below:
2. Star Symbols: If 5 or more consecutive candles are of the same color, then Star Symbol (*) starts appearing above or below the candles. When price has moved too high or too low from the upper or lower variance line, these stars indicate that there is higher probability of retracement happening now which should prompt you to book full or partial profit. See the circled stars in the below image
3. Color Changing Candles: If a candle changes its color from Red to Purple or from Green to light green, they indicate increased intensity of Selling or Buying activity. For example, if each 1 min candle within a 5 min candle is red, then that 5 min candle will turn purple which means Selling pressure is too much and there are very few or no buyers at all. Reverse is also true when Green Candle becomes Light Green. Example images of such candles can be seen below:
4. Consolidation Zone: It is very important for an option buyer to strike only when there is momentum and not to take any fresh trade (or if you already have a position, then closing it for the time being) when price is in consolidation zone. Consolidation zone is marked by a grey colour cloud as seen in below image.
What Type of Alerts Can be Set up: You can set up 3 type of alerts with this indicator (a) Buy Entry Signal which happens when Price closes above the marked Buy Price Level (b) Sell Signal which happens when Price closes below the marked Sell Price Level or (c) Any signal (if you want to be alerted when either Buy or Sell Signal happens)
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 indicator FREE. You may also chat with us through Private Chat feature of TradingView.
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 👍
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
NSE Sector PerformanceUse this indicator on daily timeframe
This indicator shows the performance of the top NSE Sectors for 4 time periods.
User has the flexibility to define the time periods (ex. Yearly Monthly Quarterly Weekly Daily
indicator shows the performance of the sector for those time periods along with 250d High/Low and distance from the High/Low
User input is provided to drill down into performance of the top stocks in those sectors.
ILM NSE Banknifty DashboardUse this indicator on Daily Timeframe
This indicator shows the important metrics of BANKNIFTY and its top 7 constituent stocks.
This indicator is similar to Open Interest indicator but consolidates the data for NIFTY stocks
For more information, look at the Open Interest Indicator
ILM NSE Nifty DashboardUse this indicator on Daily Timeframe
This indicator shows important metrics of NIFTY and its top 7 constituent stocks (Banks are excluded as there is a separate dashboard for BANKNIFTY).
This indicator is similar to Open Interest indicator but consolidates the data for NIFTY stocks
For more information, look at the Open Interest Indicator
ILM NSE Futures - Open Interest Analysis - FnOUse this indicator on Daily Timeframe
This script works only on India NSE Futures (Indices and Fno Stocks)
This script pulls Stock/Index Price/Volume Info + Futures Current/Next Price/Volume/Open Interest Info
Calculates the Combined OI and identifies the OI Buildup based on the Price Change and color codes the info for easy reading
This script also calculates Stock/Futures Volume action to identify if big players are aggressively trading in Futures
Also OI Buildup to Future Volume is calculated to track the presence of big players.
Summary Row is displayed at the bottom which shows Futures Premium/Discount to Index/Stock
Seasonality Overnight Gaps - Tabular Form Use this indicator on Daily Timeframe
This script calculates the overnight gaps above a specific threshold (that can be set through input parameters) and displays the data in a tabular form with Year in the rows and the day of the week in the columns.
Also a summary row is displayed at the bottom for day of the week.
Detailed Gap info is displayed as tooltip for the cell data
Gap - Open should be outside the previous day's Open and Close
Gap % - open/prev. close - 1 if Gap is there
ILM Overnight vs Intraday Performance - Tabular FormUse this indicator on Daily Timeframe
This script compares Overnight vs Intraday Performance based on the Day of the Week (DOW) - Sun - Sat of index/stock/currency/commodity symbols.
ON column indicates Overnight performance = open/close -1
ID column indicates Intraday performance = close-open/1
The calculations are detailed in the tooltips of the individual table cells.
Seasonality DOW - Day Of the Week - Tabular FormUse this indicator on Daily Timeframe
This indicator displays the seasonality data for any instrument (index/stock/ futures /currency) in a tabular data by day of the week - DOW ( Sun - Mon - Tue - Wed - Thu - Fri - Sat ).
User can change the start of the year for analysis from the inputs.
Year is represented in rows and Day of the week (DOW) is represented in cols.
This indicator uses Daily Data feed to calculate the % change
Summary data for DOW displayed as the last row
NSE Open Interest Current + Future Month - OI - COIUse this indicator on Daily Timeframe
This script enhances the standard Open Interest indicator in the following ways
Pulls Current Month and Next Month OI and sums up the data - COI
Works even if input symbol is stock/index and appends Current and Future suffix to pull the data
TradeWithAB SignalsThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results.
Guidelines :-
1. Default Timeframe - 5 min
2. You have to take almost all the trade generated by this indicator on a particular stock/index for better results.
3. Signal confirmation is required for enter the trade as it will give you maximum profits.
4. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal.
5. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios.
6. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios.
7. Ignore the signals(if any) of 1st candle(9:15)and last candle(3:25)of the day for better results.
BUY Trade Management :-
1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the LOW of the signal generated candle.
4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated.
5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade.
7. After Exiting the trade you always have option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures.
SELL Trade Management :-
1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated.
2. You should only enter the trade at the CLOSE of the signal generated candle.
3. Your Stop loss should be placed at the HIGH of the signal generated candle.
4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated.
5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle.
6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade.
7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures.
Disclaimer :-
*I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well.
Instructions to access to this invite-only script:-
*Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
SGX Nifty OHLC for Nifty 50 IndexSGX Nifty OHLC for Nifty 50 Index
What is this Indicator?
• This indicator calculates the OHLC levels of SGX Nifty.
How does SGX Nifty impact NIFTY and the Indian Market?
• Helps in predicting NIFTY50 Index behavior.
• The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50.
• SGX Nifty OHLC levels can act as support and resistance in Nifty50.
Who to use?
• Beneficial for Day Traders, who trade in NIFTY Index.
What timeframe to use?
• Use 1 minute for better accuracy.
• Other timeframes will also work.
Important Note
• Use 1 min timeframe for accurate OHLC.
• In other timeframes OHLC will have negligible difference, it won't be huge.
• This indicator will appear only on NIFTY Index and Futures chart.
• To hide the warning label go to the indicator Menu.
Inside Bar SetupScript Details
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below mother candle. This x & y are configured via script settings
How to use this script ?
- This script works well on 10-15 mins timeframe for stocks, 15/30 mins timeframe for nifty index and 30/60 mins time frame for bank nifty index
- If mother candle high is broken, take long trade with SL of mother candle low and if low is broken, take short trade with SL of mother candle high
Remember:
1. Above logic is to be combined with support/resistances i.e. price action. This script is an add-on to price action analysis giving you more conviction.
2. If range of mother candle is very high, it is recommended to avoid the trade.
3. Basis inside bar formed on higher time frame, take trade on basis of lower time frame i.e if inside bar is formed on 60 mins, take trade on the basis of 10-15 mins time frame
Example:
1. As seen in the chart, Nifty is near it's resistance and we are seeing Inside Bar being formed, In such scenario, even if High of Mother Candle is broken, we should be more interested to short as we are near resistance and probability of getting our targets in long side is less.
2. So, if I see breakdown of mother candle i.e. price going below low of mother candle, we will short with SL of high of mother candle.
3. As seen in the chart, both the targets are achieved.
Additional Info:
1. Targets on Long/Short Side can be configured via settings. For indices 1 times/1.5 times the range works well.
2. This script plots targets basis the first inside bar formed in the day for selected time frame.
3. Inside bars formed through out the day are coloured separately but lines are plotted only on the basis of 1st formed inside bar as this strategy works well for the first formed inside bar)
4. Don't forget to check volume in case of breakout/breakdown.
Note:
1. Mother Candle - First Candle of Inside Bar
2. Child Candle - Candle formed inside Mother Candle (Second Candle of Inside Bar)
Happy Trading :)
OHL Screener by KiranScript is intended to scan Open = High and Open = Low (OHL) stocks for selected Opening Range in minutes.
I have added NSE NIFTY 50 stocks as default input for the script. Hopefully it will work with other stocks and exchanges.
Opening Range time is limited to the "1 min, 3 min, 5 min, 15 min, 30 min and 60 min" as OHL generally required for Intraday.
Stock qualified criteria OPEN = LOW (in selected Opening Range timeframe) will be listed in the table at TOP RIGHT corner of the chart screen in a green background.
Stock qualified criteria OPEN = HIGH (in selected Opening Range timeframe) will be listed in the table at BOTTOM LEFT corner of the chart screen in a red background.
Script scans stocks irrespective of current chart symbol and current time frame on the chart.
Limitations:
- Maximum 40 stocks can be scanned.
- request.security can't be placed under loop hence repeat call to request.security should be placed on separate line
Average Daily Range (ADR) (Multi Timeframe, Multi Period)Average Daily Range (ADR)
(Multi Timeframe, Multi Period, Extended Levels)
Tips
• Narrow Zones are an indication of breakouts. It can be a very tight range as well.
• Wider Zones can be Sideways or Volatile.
What is this Indicator?
• This is Average Daily Range (ADR) Zones or Pivots.
• This have Multi Timeframe, Multi Period (Up to 3 Levels) and Extended Target Levels.
Advantages of this Indicator
• This is a Leading indicator, not Dynamic or Repaint.
• Helps to identify the reversal points.
• The levels are more accurate and not like the old formulas.
• Can practically follow the Buy Low and Sell High principle.
• Helps to keep minimum Stop Loss.
Who to use?
• Highly beneficial for Day Traders
• It can be used for Swing and Positions as well.
What timeframe to use?
• Any timeframe.
When to use?
• Any market conditions.
How to use?
Entry
• Long entry when the Price reach at or closer to the Green Support zone.
• Long entry when the Price retrace to the Red Resistance zone.
• Short entry when the Price reach at or closer to the Red Resistance zone.
• Short entry when the Price retrace to the Green Support zone.
• Long or Short at the Pivot line.
Exit
• Use past ADR levels as targets.
• Or use the Target levels in the indicator for breakouts.
• Use the Pivot line as target.
• Use Support or Resistance Zones as targets in reversal method.
What are the Lines?
Gray Line:
• It the day Open or can be considered as Pivot.
Red & Green ADR Zones:
• Red Zone is Resistance.
• Green Zone is Support.
• Mostly price can reverse from this Zones.
• Multiple Red and Green Lines forms a Zone.
• These lines are average levels of past days which helps to figure out the maximum and minimum price range that can be moved in that day.
• The default number of days are 5, 7 and 14. This can be customized.
Red & Green Target Lines:
• These are Target levels.
What are the Labels?
• First Number: Price of that level.
• Numbers in (): Percentage change and Change of price from LTP (Last Traded Price) to that Level.
General Tips
• It is good if Stock trend is same as that of the Index trend.
• Lots of indicators creates lots of confusion.
• Keep the chart simple and clean.
• Buy Low and Sell High.
• Master averages or 50%.
VWAP For NIFTY & BANKNIFTY [Zero54]NIFTY and BANKNIFTY Being Index do not have VWAP (because there is no volume generated). This is a simple script that displays NIFTY's future VWAP on NIFTY's Spot chart and similarly, displays BANKNIFTY's future VWAP on BANKNIFTY's sport chart. Fast and quick. Just few lines of code. No hefty un-necessary calculations.
No settings necessary. The script automatically detects NIFTY and BANKNIFTY and displays the corresponding VWAP.
Enjoy and share the knowledge. If you love this script, please boost/love this script and add a comment. Cheers!
NSE:NIFTY
NSE:BANKNIFTY
IPB_PBOThis indicator is called Indian Pivot Boss _ Pivot Based Oscillator.
This is an oscillator based on pivot level of each candle. It is based on the concept outlined in the Secrets of Pivot Boss book.
It is the average of mutual differences between fast moving average, medium moving average and slow moving average of the candle pivots. This is then plotted as an oscillator.
When Pivot based oscillator is sloping upwards, it is suggested NOT TO STAY ON THE SHORT SIDE. Staying long side or Keeping quiet are the desirable options.
When Pivot based oscillator is sloping downwards, it is suggested NOT TO STAY ON THE LONG SIDE. Staying short side or Keeping quiet are the desirable options.
This indicator has to be used in conjunction with other indicators and should not be relied on a solo basis.
