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Pivot Points

BACKTESTED PIVOT INTRADAY STARTEGY [INDIA MARKET TIMING]A Back-tested Profitable Strategy for Free!! A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more. The commission is also included in the strategy . The basic idea is when , 1) Price crosses above ema1 ,indicated by pivot high line in green color . 2) Price crosses below ema1 ,indicated by pivot low line in red color . 3) Candle high crosses above pivot high , is the Long condition . 4) Candle low crosses below pivot low , is the Short condition . 5) Maximum Risk per trade for the intraday trade can be changed . 6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size . 7) ATR is used for trailing after entry, as mentioned in the inputs below. // ═════════════════════════// // ————————> INPUTS <————————— // // ═════════════════════════// Leftbars ——————————> Length of pivot highs and lows Rightbars —————————> Length of pivot highs and lows Price Cross Ema —————> Added condition ATR LONG —————————> ATR stoploss trail for Long positions ATR SHORT ————————> ATR stoploss trail for Short positions RISK ————————————> Maximum Risk per trade for the day The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below . // ═════════════════════════ // // ————————> PROPERTIES<——————— // // ═════════════════════════ // Default_qty_size ————> 60 contracts , which can be changed under Settings ↓ Properties ↓ Order size // ═══════════════════════════════// // ————————> TIME CONDITION <————————— // // ═══════════════════════════════// The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 . The Indian Markets open at 9:15am and closes at 3:30pm . The 'time_cond' specifies the time at which Entries should happen . "Close All" function closes all the trades at 3pm , at the open of the next candle. To change the time to close all trades , Go to Pine Editor → Edit the line 103 . All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm . NSE:RELIANCE // ═══════════════════════════════════════════════ // // ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— // // ═══════════════════════════════════════════════ // INPUTS can be changed for better back-test results. The strategy applied to NSE:RELIANCE ( 5 min Time-Frame and contract size 60) gives us 61% profitability , as shown below It was tested for a period a 6 months with a Profit Factor of 1.45 , Net Profit of 21,500Rs . Sharpe Ratio : 0.311 Sortino Ratio : 0.727 The graph has a Linear Curve with consistent profits. The INPUTS are as follows, 1) Leftbars ————————> 3 2) Rightbars ——————— > 5 3) Price Cross Ema ———> 150 4) ATR LONG ——————> 2.7 5) ATR SHORT —————> 2.9 6) RISK —————————> 2500 7) Default qty size ——> 60 NSE:RELIANCE Save it to favorites. Apply it to your charts Now !! FOLLOW US FOR MORE ! Thank me later ☺
NSE:RELIANCEEducation
by The_Algo_Engineer
1
CPR - Central Pivot Range Trading ConceptThe Central Pivot Range (CPR) is absolutely, without a doubt, the most powerful part of the Floor Pivots indicator. It has three lines, Upper line is called "TC", lower line is called "BC" and the Middle line is the "PP-Pivot Point" Formula to Calculate CPR : TC = (Pivot - BC) + Pivot Pivot = (High + Low + Close)!3 BC = (High + Low)/2 At any given time, the range can be support or resistance, it can forecast trending or sideways price behavior, dictate the day's direction, or serve as an integral part of a trend. By seeing the gap/width between TC & BC we will be able to know how the session is going to be i.e "Trending / Sideways". If the Gap is very Narrow we can expect Trending market either side. If the Gap is wide that particular session will Volatile / Rangebound market. There are 7 CPR - Two day relationship concepts available which will indicate you the next day trend direction. (Comparing the Current session CPR with Previous Session CPR where the three lines are formed and its relationship.) Higher Value = Bullish Overlapping Higher Value = Moderately Bullish Lower Value = Bearish Overlapping Lower Value = Moderately Bearish Unchanged value = Sideways / Breakout Outside Value = Sideways Happy Trading, Follow me for more updates, education details, concepts and ideas.
NSE:NIFTYEducation
by ViVenTraders
7
Real life market structureGood day guys this is to explain how real life market structure work and how the market maker manipulate your thoughts First thing when you are analysing on the market make sure you identify the key zones first. What's the key zone. A key zone in an uptrend is the lows( higher low) that makes the market to form another high which is higher than previous high. While in downtrend it's an High that makes the market to form another new low which is lower than previous low. They are important when you are analysing market. Now when you are analysing the market. Make sure you identify the trend in higher time frame. Because retracement in an uptrend will look like downtrend.. but once you know the key zone you won't be confused. Breaking of trend line is not really a reversal. Before you consider it as a reversal check if it violated your key zone. Or else it's just a manipulation.
Education
by EinsfardGlobal
2
Scenario - 1 (Ending Diagonal) Trade Setup technique(live)...Before getting started for high opportunity Trade Setup. Let's understand the about Diagonal. What is exactly Diagonal: It is a five-wave overlapping structure, wherein each wave subdivides into three smaller waves. It is typically an ending or terminating wave pattern and is found in the fifth wave position on an impulse wave and the wave C position of A-B-C formations. A Diagonal Triangle is normally contained by two converging trend-lines. A Diagonal Triangle is normally contained by two converging trend lines. Rules of Diagonal: A Diagonal Triangle is made up of five waves. Each wave within a Diagonal Triangle must subdivide into 3 waves. Wave 3 cannot be the shortest impulse wave of waves 1, 3 and 5. Diagonal Triangles can only occur in the fifth wave position of impulse waves and the wave C position of A-B-C formations. Diagonal Triangles are found only at the termination points of larger wave patterns. This is earlier considered Ending-Diagonal for multiple reasons. One of the reasons is, we will get higher reward than risk in short side. Let's assume that wave B of (iii) of diagonal end 17269 nearby and then target is has high reward for wave C of (iii)wave. Calculation: 17490-17269 = Risk 221 points Reward 595 points = 17269-16674 Aggressive trader or a trade who are able to risk can sell 17190-17260 is best levels but safe traders can enter 17270 on side of short selling. I will also update follow up time to time on this post.
NSE:NIFTYEducation
by Trade-Technique
26
BANKNIFTY Levels for Expiry Day !🛑in Yesterday market analysis i told that there's indecision between buyers and sellers at high level , and today also market is rejected from 38800 - 38900 levels and if you see the BANKNIFTY in Day frame chart we can clearly observe that it forming bearish candles at higher levels -in today market we can observe that there's is indecision between sellers and buyers at higher levels and Caution it is bull market (Showing that no more buying interest for Institutional traders and that can be confirmed by FIIs ,DIIs data these two were pulling out their money) -Bank nifty trading above all the moving averages those were 21 day, 50 day , and 100 day - Bank Nifty WEEKLY Pivot is at 38800 🛑 keys Levels to watch out for day traders - resistance is at 39450 - 39850 -with the stop loss of 39700 - we can see target of 40000 - Support Levels is at 39400-39300 - with SL of 39500 - we can see Target of 39000 if you like it ,do follow for more have a nice day
NSE:BANKNIFTYEducation
by agasthya_d
NIFTY 50 crucial levels for Expiry Day! - i was keep telling that market is opening in huge gap up it is not a encouraging move for market , now filling those gaps - another thing to remember while investing in stocks , Smart money is moving away from market - Day Volatility is increased by Nearly 5% , if anyone taken trade without knowing crucial S&R they will hitted by SL -Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages - - WEEKLY pivot point is at 18180 🛑 Key levels to watch out for intraday traders :- - resistance is at 18470 - 18500 (here we can see ( option chain) more short positions were holding at 18500 CE) -with SL of 18400 - 18570 we can see as the target after breakout - support level is at 18200 - 18180 -with the SL of 18250 - 18100 we can see as target after breakdown if you like it do follow for more , Have a nice day ... Checkout this link for Market Psychology
NSE:NIFTYEducation
by agasthya_d
information idea : famous pivots calculation Floor Pivot Calculations Pivot Point (PP) = (H+L+C)/3 First resistance (Rl) = 2*PP –L First Support (Sl) = 2*PP - H Second Resistance (R2) = PP + (Rl-S 1) Second Support (S2) = PP - (Rl-S 1) Third Resistance (R3) = R1 + (H - L) Third Support (S3) = S 1 - (H - L) Where, H=High, L = Low, C = Close Opening Range Pivot Calculations Pivot Point (PP) = (H+L+C)M First Resistance (Rl) = 2*PP -L First Support (Sl) = 2*PP - H Second Resistance (R2) = PP + (Rl-S1) Second Support (S2) = PP - (Rl-S1) Third Resistance (R3) = R1 + (H - L) Third Support (S3) = S 1 - (H - L) FibZone Pivots Pivot Point (PP) = (H+L+C)/3 Daily Range (DR) = (H-L) First Resistance (Rl) = PP + 0.5*DR Second Resistance (R2) = PP + DR First Support (Sl) = PP - 0.5*DR Second Resistance (S2) = PP - DR Resistance Band (RB 1) = PP + 0.61 8*DR Support Band (SB 1) = PP - 0.6 18*DR Resistance Band (RB2) = PP + 1.382*DR Support Band (SB2) = PP - 1.382*DR
NSE:RELIANCEEducation
by Trade-Technique
10
Learn RSI Part 1 : Basic of Relative Strength IndexHello Traders, I am back with the new educational concept. You may have often heard the word "RSI" We are going to study about RSI : "Relative Strength Index", which is the most used indicator. RSI is the price following indicator and it provides important levels from 0 to 100. The important levels of RSI are 40-60, 70-30 and 50 ------------------------------------------------------------------------------------- Why do we practice RSI? There are a few reasons for using the most important indicator. 1.) It provides over bought & oversold levels. If RSI goes above level 70, we can say it has "overbought" and if RSI goes bellow level 30 we can say it has "oversold" Q.1 What is oversold & overbought? A: These two terms are extreme level when the price reaches this level, reversal is possible So shall we travel further? YES! Cool! 2) RSI gives us the direction of where the trend is going! I have added level 50 as an important level. So, if the price is below level 50, we can say that atmosphere is bearish and if price is above level 50 we can say that atmosphere is bullish. In short, Bearish below level 50 Bullish below level 50 It is better to draw a horizontal line at level 50, to have a check on it easily! We will continue the series it will cover the divergence and many more indicators. --------------------------------------------------------------------- If you have any doubts, you can put them in the comment section below.
NSE:SBICARDEducation
by Trade-Technique
16
Inside Candle Strategy using the 20MA (BANKNIFTY)This strategy does not work 100% of the time, but it does offer a good risk reward ratio. If the pattern occurs in the first 15 min, wait for about an hour and observe the price action, and take a trade only after the breakout. Taking a trade too early may result in your SL getting triggered too soon. You want to try and make it harder for the market to trigger your stop loss, hence you should set it just above important levels and not exactly on them.
NSE:BANKNIFTYEducation
by ArcherDAVIS
3
reliance setup buy sell level as per hourly frame Reliance in daily chart given breakdown at 1430 zne fter a consolidation from 1466 to 1430 zone from 3 days now after breakout on downside , trading at 1410 now important level to note is 1430 /1440 on upside while on downside now its open for 1350 /1340 level. Upside resistance at 1440 /1460 zones . Fresh upmove only if close above 1490 for 1650 zone. Important level downside : 1350/1340 Upside : 1445/1460 intraday tradng wise physchological level important .
NSE:RELIANCEEducation
by pratik2358