The indicator identifies market trends; this indicator is made exclusively for BANKNIFTY on 15 Minute chart for intraday trading. This is mainly for long position (PE, ATM) and with inbuilt repaint tool basis strategy logic on below in-built Indicators. This script is prepared and published after series of iteration and back testing over years with 81% of profitability. The entry position is represented by “BUY-1” and having trailing stop loss with every candle represented by green dot. The closed position is represented by “SELL+1” on achieving the target price or trailing stop loss.
We have prepared this indicator based on following in-built indicators. 1. Relative strength index ( RSI ) 2. Bollinger band 3. Moving average (MA) 4. Average directional index ( ADX ) 5. Moving average convergence divergence ( MACD ) 6. Volume weighted average price ( VWAP ) 7. Supertrend
Disclaimer: Trading and investing in the stock market involves substantial risk of loss and is not suitable for every investor. The content covered in this section is NOT to be considered as investment advice. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Contact us using the link provided below to get access to this indicator or what up on 88495 75823.