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PP_Drunkentrader
Apr 10, 2021 8:54 PM

Drunken Bands and Diamond Beep 

BANKNIFTY INDEX FUTURESNSE

Description

Drunken Bands and Diamond Beep !!!

Created By Request from groups of young learning traders who don't want to subscribe an indicator for huge sum monthly.

I present three indicators for the community and free to use.
Note : works best in 1 - 10M Time Frame

i am still working to reduce the signals generated.

Description of Indicator:

1. Drunken Bands which will guide you on the trend of the market.
Green - Up Trend
Red - Down Trend
Yellow - Indecision / Side ways market.
Upper Band and Lower Band can be used as Stop Loss or Targets based on the Entry position.

2. Diamond Beep Indicator A.K.A Diamond burst Indicator.
Watch for the Diamond Symbols which indicate most volume traded which crossed the average of volume over past candles.
if Multiple signals are generated when Drunke Band is flat ignore the beeps.
Observe for the Beep when bands are broken up or Down

3. Drunken Zones A.K.A PP Dynamic Zones which is already published
Use the Dynamic Zone as target or Support / Resistance.


I am Open to suggestions and welcome test results if any modification needed.

Happy Learning and Trade Disciplined.
Comments
ewc2213
Hi sir.. Could you please share the source code?
rejunbr
Dear @PP_Drunkentrader, This indicator really helping me... Am using your other indicator as well..Could you please share me the source code...its humble request?
NRPT_Swing_Trader
Thanks, Sir. I will do live testing and post my feedback ASAP.
PoornimaGuru
sir my sincere request to u please send code for the 3 line band i need it because ealier i was trading with one oxo auto sup&res indicator but now that indicator not there so my trading is not going well that indicator also code not there thats why please send the code
AadhanTrading
this indicator also vey useful
AadhanTrading
sir i am using your pp dynamic zones for last 2 month it is very useful to me i used it for option selling in bank nifty thanks
smartjeeva8526
@AadhanTrading, still are you using this sir? can you share your experience
AadhanTrading
@smartjeeva8526, yes for last 14.05.2021 to 13.07.2021 my profit is around 58775 Rs for one lot each side with 31 positive days and 12 negative days out of 43 working days
Thandees
@AadhanTrading, Hi Sir, can you share some insight with me about the daily zones with me. It will be very helpful for me.Thanks
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