Nifty forming diamond patternNifty 50 is forming diamond pattern in daily timeframe and is awaiting break on either side. Note that strict stoploss shall be followed on entry because markets are hugely news driven and volatile these days.
Scanner
Relaxo inverted HNS pattern formationRelaxo is forming kind of inversted HNS in daily timeframe and breakout is still due.
Note that there is no volume as of yet so it's a wait and watch.
Once it breaks out it can show a potential upside upto 1100 levels.
Custom GAP UP scanner for NIFTY StocksThe security function can be called 40 times in a code. We can therefore scan about 40 stocks out of NIFTY 50 stocks with a single script.
This code can be modified to search for other scripts by changing the condition function
condition() => open > (close * 1.0025)
Only stocks which have gap up of 0.25% or more will be reported.
// This source code is subject to the terms of the Mozilla Public License 2.0
// © achalmeena
// Reference E-Book - Teach Yourself Coding Indicators PineScript
// Udemy course on Creating trade strategies backtesting using pinescript
//@version=4
study("Nifty - Gap up Screener", overlay = true)
condition() => open > (close * 1.0025)
ACC_result = security('ACC', 'D', condition())
ADANIPORTS_result = security('ADANIPORTS', 'D', condition())
AMBUJACEM_result = security('AMBUJACEM', 'D', condition())
ASIANPAINT_result = security('ASIANPAINT', 'D', condition())
AXISBANK_result = security('AXISBANK', 'D', condition())
BAJAJ_AUTO_result = security('BAJAJ_AUTO', 'D', condition())
BANKBARODA_result = security('BANKBARODA', 'D', condition())
BHEL_result = security('BHEL', 'D', condition())
BPCL_result = security('BPCL', 'D', condition())
BHARTIARTL_result = security('BHARTIARTL', 'D', condition())
BOSCHLTD_result = security('BOSCHLTD', 'D', condition())
CIPLA_result = security('CIPLA', 'D', condition())
COALINDIA_result = security('COALINDIA', 'D', condition())
DRREDDY_result = security('DRREDDY', 'D', condition())
GAIL_result = security('GAIL', 'D', condition())
GRASIM_result = security('GRASIM', 'D', condition())
HCLTECH_result = security('HCLTECH', 'D', condition())
HDFCBANK_result = security('HDFCBANK', 'D', condition())
HEROMOTOCO_result = security('HEROMOTOCO', 'D', condition())
HINDALCO_result = security('HINDALCO', 'D', condition())
HINDUNILVR_result = security('HINDUNILVR', 'D', condition())
HDFC_result = security('HDFC', 'D', condition())
ITC_result = security('ITC', 'D', condition())
ICICIBANK_result = security('ICICIBANK', 'D', condition())
IDEA_result = security('IDEA', 'D', condition())
INDUSINDBK_result = security('INDUSINDBK', 'D', condition())
INFY_result = security('INFY', 'D', condition())
KOTAKBANK_result = security('KOTAKBANK', 'D', condition())
LT_result = security('LT', 'D', condition())
LUPIN_result = security('LUPIN', 'D', condition())
M_M_result = security('M_M', 'D', condition())
MARUTI_result = security('MARUTI', 'D', condition())
NTPC_result = security('NTPC', 'D', condition())
ONGC_result = security('ONGC', 'D', condition())
POWERGRID_result = security('POWERGRID', 'D', condition())
PNB_result = security('PNB', 'D', condition())
RELIANCE_result = security('RELIANCE', 'D', condition())
SBIN_result = security('SBIN', 'D', condition())
SUNPHARMA_result = security('SUNPHARMA', 'D', condition())
label1 = '------Nifty40 GapUps ------- '
label1 := ACC_result ? label1+'ACC ' : label1
label1 := ADANIPORTS_result ? label1+'ADANIPORTS ' : label1
label1 := AMBUJACEM_result ? label1+'AMBUJACEM ' : label1
label1 := ASIANPAINT_result ? label1+'ASIANPAINT ' : label1
label1 := AXISBANK_result ? label1+'AXISBANK ' : label1
label1 := BAJAJ_AUTO_result ? label1+'BAJAJ_AUTO ' : label1
label1 := BANKBARODA_result ? label1+'BANKBARODA ' : label1
label1 := BHEL_result ? label1+'BHEL ' : label1
label1 := BPCL_result ? label1+'BPCL ' : label1
label1 := BHARTIARTL_result ? label1+'BHARTIARTL ' : label1
label1 := BOSCHLTD_result ? label1+'BOSCHLTD ' : label1
label1 := CIPLA_result ? label1+'CIPLA ' : label1
label1 := COALINDIA_result ? label1+'COALINDIA ' : label1
label1 := DRREDDY_result ? label1+'DRREDDY ' : label1
label1 := GAIL_result ? label1+'GAIL ' : label1
label1 := GRASIM_result ? label1+'GRASIM ' : label1
label1 := HCLTECH_result ? label1+'HCLTECH ' : label1
label1 := HDFCBANK_result ? label1+'HDFCBANK ' : label1
label1 := HEROMOTOCO_result ? label1+'HEROMOTOCO ' : label1
label1 := HINDALCO_result ? label1+'HINDALCO ' : label1
label1 := HINDUNILVR_result ? label1+'HINDUNILVR ' : label1
label1 := HDFC_result ? label1+'HDFC ' : label1
label1 := ITC_result ? label1+'ITC ' : label1
label1 := ICICIBANK_result ? label1+'ICICIBANK ' : label1
label1 := IDEA_result ? label1+'IDEA ' : label1
label1 := INDUSINDBK_result ? label1+'INDUSINDBK ' : label1
label1 := INFY_result ? label1+'INFY ' : label1
label1 := KOTAKBANK_result ? label1+'KOTAKBANK ' : label1
label1 := LT_result ? label1+'LT ' : label1
label1 := LUPIN_result ? label1+'LUPIN ' : label1
label1 := M_M_result ? label1+'M-n-M ' : label1
label1 := MARUTI_result ? label1+'MARUTI ' : label1
label1 := NTPC_result ? label1+'NTPC ' : label1
label1 := ONGC_result ? label1+'ONGC ' : label1
label1 := POWERGRID_result ? label1+'POWERGRID ' : label1
label1 := PNB_result ? label1+'PNB ' : label1
label1 := RELIANCE_result ? label1+'RELIANCE ' : label1
label1 := SBIN_result ? label1+'SBIN ' : label1
label1 := SUNPHARMA_result ? label1+'SUNPHARMA ' : label1
caption = label.new(bar_index, close, label1,color=color.blue,textcolor=color.black,style=label.style_labeldown,yloc = yloc.price)
label.delete(caption )
