KapoorChandra

Nifty Indicator

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This Nifty Indicator that finds selling opportunity on Nifty on Intraday level. Now a single BUY signal will be given here.

---This Indicator works only on Nifty and only 3m Timeframe. (No other time frame , no other stock).

---When a red coloured background starts , that means Downtrend in Nifty has also started and downtrend continues in whole red zone. (Note- the 3m candle which confirms the start of a red zone is included in red zone but the 3m candle that confirms the end of the red zone is excluded from red zone.)

---A unique trend identifying concept is used here. When trend is UP, whole candle during that trend turns GREEN else RED.

How to Trade :

---When Price is inside red zone and inside red zone red candle is formed , then you should trade there till a green candle comes or red zone ends.
----OR you can just ignore the red/green candles , just sell when red zone starts and buy when it ends.
---OR just follow the Sell/buy signals given by indicator. The signals given by indicator is sorted by time, i.e. it give trades only during 09:15-10:30 and 12:30-14:55. And all trades exits at 15:09.
Release Notes: This Nifty Indicator that finds selling opportunity on Nifty on Intraday level. Now a single BUY signal will be given here.

---This Indicator works only on Nifty and only 3m Timeframe. (No other time frame , no other stock).

---When a red coloured background starts , that means Downtrend in Nifty has also started and downtrend continues in whole red zone. (Note- the 3m candle which confirms the start of a red zone is included in red zone but the 3m candle that confirms the end of the red zone is excluded from red zone.)

---A unique trend identifying concept is used here. When trend is UP, whole candle during that trend turns GREEN else RED.

How to Trade :

---When Price is inside red zone and inside red zone red candle is formed , then you can take sell trade there till a green candle comes or red zone ends.
----OR you can just ignore the red/green candles , just sell when red zone starts and buy when it ends.
---OR you can TICK on "Red zone only between 09:15-10:30 and 12:30-14:45" under input section. Then you will get the trades only in this time frame. The time between 10:30 to 12:30 is ignored because during this time price is mostly sideways, so no point of taking trade during that time. Just avoiding trade during this time will significantly increase your win rate. "I RECOMMEND YOU USING THIS METHOD".
Release Notes: New Release
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