Niki5289

NIKI MSS BANKNIFTY

This is the strategy version of my old indicator NIKI BANKIFTY. It is more suitable for day trading with a 5 min chart. It is more profitable in BANKNIFTY future. It is based on multiple Supertrend, moving average, Donchain channel, and linear regression . The background color indicates the main trend and the color of the candle represents a short-term trend. The label with TA and SL represents more profitable entry positions. The label RE: LE and RE: SE stands for re-entry positions or signals with less accuracy. Consider the direction of the linear regression line to take trades on re-entry positions. The yellow candle indicates the entry and the blue candle represents the target or stop-loss.

The backtest results are based on BANKNIFTY last year's data. It has an initial capital of 100000 and the size of the lot is 1. The target is 0.3% and stop-loss is 1.5%. It exactly not following the stop loss, the trade will exit based on the Donchain channel breakout. It appears on the chart as a blue candle. The commission paid is 20 cash per trade and the slippage is 5 ticks per trade. Some of the Indian broker's commission is only 10 cash per trade. Adjust the commission as per your broker. Trades are conducted based on the intraday time in India set from 9.20 am to 2.25 pm. All positions will get square off at 3.00 pm. It will execute a maximum of 4 trades per day. All other parameters are suitable for Robo trading with Indian stock brokers.

Contact us using the link given below to obtain access to this indicator.
Release Notes: Updated the hedging logic of the indicator for options trading.
Release Notes: Updated with strategy period selection.
Release Notes: Updated the basic settings of the indicator.
Release Notes: Change the default settings of the indicator.
Release Notes: Re-entry locations updated. This indicator is intended for Algo trading, so slippage is reduced to 3.
Release Notes: Updated entry positions based on the present market situations.
Release Notes: Updated with provision for hedging in future also.
Release Notes: Updated the hedging method and options syntax for monthly expiry.
Release Notes: Removed the scalping parameter. Updated the hedging entry position. Modified the re-entry positions.
Release Notes: Updated the syntax for Algo trading.
Release Notes: Updated hedging based on once per bar close.
Release Notes: Updated the long entry-exit conditions.
Release Notes: Linear regression line removed. Updated hedging and modified maximum loss parameter. Added a new parameter called Options Auto Expiry, enabling this parameter to eliminate the need for option expiration details in the case of robot trading.
Release Notes: Updated the trade exit conditions.
Release Notes: Updated the hedging and entry logic. Simplified the interface, modified the target.
Release Notes: Updated the intraday timings and entry on 9.15 am
Release Notes: Updated the exit conditions.
Release Notes: Updated the entry on gap up/down conditions.
Release Notes: Updated the logic based on present market conditions.
Release Notes: Removed bar state confirmed(bsc) function to avoid chances for re-paint.
Release Notes: Updated the logic.
Release Notes: Updated the stop loss.
Release Notes: Reduce the stop loss to 1.1% and updated the basic settings.
Release Notes: The strategy was updated with a second entry in the same direction as the signal. You can disable the second entry from the settings to "None" to see the results without a second entry. The second entry will act as a 2 lot trading and run another order in the same direction as the previous signal.
Release Notes: Updated the display settings of the strategy.
Release Notes: Updated the target and stop loss.
Release Notes: Enable pyramiding and multiple entries.
Release Notes: Updated the re-entry positions.
Release Notes: Updated the long entry logic.
Release Notes: Updated bar color.
Release Notes: Updated the entry positions.
Release Notes: Updated the entry price.
Release Notes: Update the indicator based on bank nifty last week's performance.
Release Notes: Updated the indicator based on last week's performance.
Release Notes: Updated the indicator based on last week's performance.
Release Notes: Removed background color and slippage reduced to 3.
Release Notes: Updated based on bank nifty today's performance.
Release Notes: Updated the indicator based on bank nifty last week performance.
Release Notes: Updated the indicator-based bank nifty last month's performance.
Release Notes: Updated the target and stop loss.
Release Notes: stop-loss Updated.
Release Notes: Updated symbol visibility.
Release Notes: Fyers syntax updated.
Release Notes: Updated the logic-based bank nifty last week's performance.
Release Notes: Updated the target and stop loss
Release Notes: Updated the target, stop loss, and entry logic.
Release Notes: Updated the indicator based on bank nifty last week's performance. (Modified exit and entry conditions)
Release Notes: Updated the logic based on bank nifty last week's performance.
Release Notes: Updated based on bank nifty last week's performance. Added a moving average line which will act as support and resistance.
Release Notes: Updated the average line and entry based on the moving average line.
Release Notes: Updated the indicator based on Banknifty last week's performance. Enable option for low-risk trade.
Release Notes: Updated the indicator based on Banknifty last week's performance.
Release Notes: Updated the bank nifty indicator based on bank nifty last two months' performance.
Release Notes: Updated the KOTAK Security Syntax.
Release Notes: Updated product selection.
Release Notes: Reduced stop loss from 1% to 0.48%

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Niki5289 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

The author of this script can no longer grant access to it. Please don't request access.

Want to use this script on a chart?

Warning: please read before requesting access.