TradeWiseWithEase

BE - Pr_DayLowHigh_BreakoutScreener Algo

Herewith presenting the Screener based indicator which supports Algo trade on the NSE stocks. The idea behind this indicator is when the Current day stock breaks out of Yesterday's high or Low with promising volumes (Using MA's and POC of Volume Profile) along with formation of candle Pattern. Initiates the Trade entries.

Note: Indicator is designed to take an entry even before the candle is closed as soon as the entry level is crossed and it shall exit the trade as soon as the SL is hit even before candle is close.

How to Work with this Indicator.

You can map up to 15 Scripts in this indicator. However you may decide if you wish to load all 15 are few of them. if you wish to load only 10, below settings should help you ignore the rest 10 symbols from screening it for setups


Updating Symbol Script.

This is an important part is used for Algo trades. Read the tooltip for better understanding of the format. Acceptable format is Broker Name followed with : and space with Symbol mapping Name followed with / and Instrument token provided by broker if no token alloted for the script then you may keep 0 against symbol name followed with / and Qty in terms of absolute value or in terms of percentage.



Trade and Scan Settings



Symbol List Mapping



For Improvements in Results - Use Events and keep a track of it / use Nudges etc.
Release Notes:
Minor Changes:
1. Buffer % is now float input so you can keep values in decimals too.
2. Trade Session Defaults 10:00 - 1510 - Default 10:00 refers to, No Fresh Entry shall be taken after 10:00 AM and 15:10 shall be auto square off time for open positions.
3. Date Range to Start - Added for faster Load time. Read Tooltip for better understanding of Load optimization.
Release Notes:
Updates:
1. Added Positional Alerts
2. Improvised Core Logical Algorithm.
3. Added More Tooltips for better understanding.
Release Notes:
Improved
1. Performance improved by removing some unUnsed Variables.
2. Alerts Text Modified for better readability.
Release Notes:
Updates:
1. Fixed table flikering issue.
2. Fixed Alert Getting Stopped inadvertently.
3. Added Leverage Option, wherein you can now specify as per your broker how much margin you would get for Eq Intraday.
Release Notes:
Updates. Minor Bugs fixed for table update.
Release Notes:
Bug Fixing
Release Notes:
Updates: - Improvised the main Algo to tackle slowness in loading the indicator.
Release Notes:
fixed the blank alert causing the calculation to stop.
Release Notes:
1. Improved Performance. (Used Latest Update of Pine - Methods and UDT)
2. Script scan increased from 15 in earlier version to 40 in current updated version of indicator, which mean Algo runs, tracks setups and trigger notifications on 40 Scripts.
Release Notes:
Updates.
Release Notes:
Updates. Bugs Fixed on Positional Alerts.
Release Notes:
Republishing with correct version.
Release Notes:
Updates: SL Value now Can be Capped to specified limit - Works on Realtime

Cleaned up few Unused Variables.
Release Notes:
Updates
Release Notes:
Major Update:
Profile Screening: Loaded Profiles for "BANKS", "AUTOMOBILES", "HEALTHCARE", "IT", "CONSUMER DURABLES", "CUSTOM".

Now you can scan stocks based on Profile or Custom. Note: Profile Qty Shall be Auto Max cap by default.
Release Notes:
Updates:
1. Improved Overall Calculations to tackle slowness of indicator.
2. Added Nifty_50 In portfolio List.
3. Now Alerts have required informative text.
Release Notes:
Bug Fixing:
1. Resolved - Blank Alerts Have been filtered Out.
Release Notes:
Updates:

Square Off Alert will now close only Intraday Orders.
Positional Alert with Just Numbers have been replaced with correct text to give meaningful alert message.
Release Notes:
Updating with Correct version..
Release Notes:
Updates:
1. Incorporated Option to Filter our False Setup.
2. SquareOff Alert Issue fixed.
Release Notes:
Updates:
1. Bugs Fixed: Calculation Error.
2. Redability of Table Text.
Release Notes:
Updates - Performance Tuning done.
Release Notes:
Performance Improvements.
Enabled Alerts for Trail SL, Close Position, Entry Breach.
Release Notes:
Updates:
Bugs Fixed & Improved Performance.
Release Notes:
Change the Overall Logic to improvise performance.
Release Notes:
Update.. Performance improvements.
Release Notes:
Updates. Fixed Multiple Alert of Similar fashion.
Release Notes:
Updates. Performance improvements.
Release Notes:
Enabled Partial Booking of Qty Option.
Release Notes:
Bug Fixed. Performance Tuning for Partial Booking.

Read Tooltips for setting up the partial booking of profit at multiple levels.
Release Notes:
Post booking 2nd level of profit. SL shall be moved to cost.
Release Notes:
Option made availabe to move SL to cost for the balance of Qty upon booking partial profit at specified level.
Release Notes:
Performance Tweak.
1. Alerts Includes Seconds time stamp
2. Positional alerts includes TSL level. Current RR ratio achieved (Realtime).
3. Tweaked the Logical calculations for TSL.
Release Notes:
Selection Alerts - Defined. Minor Alert Tweaks
Release Notes:
Improved the performance of indicator. Combined Alerts enabled.
Release Notes:
Loading correct version.
Release Notes:
Updates.
Release Notes:
Updated Broken Library.

TRADING MADE SIMPLE
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 TradeWiseWithEase 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

You may contact me on the below 1. Watsapp me on 9740281055 2. Telegram on @Pavan_BreathEasy

Want to use this script on a chart?

Warning: please read before requesting access.