Niki5289

NIKI BANKNIFTY

This indicator is made exclusively for Bank Nifty for intraday trading. It shows more profitability on the 5 minute chart. The intraday timing can be adjusted in the indicator settings. No chance to repaint. Strictly following the target and stop loss gives around 60% profitability. The background color represents the main trend and the color of the candle represents the short term trend. The re-entry position is represented by the long entry RE: LE and the short entry by RE: SE. Trend line can be enabled from the indicator settings to see the trend changes.

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Release Notes: Updated the script with linear regression line.
Release Notes: Updated the bandwidth value in indicator settings.
Release Notes: Updated the alarms with provision for algo trading.
Release Notes: Updated the channel width.
Release Notes: Updated with provision for avoid trading in gap up and gap down.
Release Notes: Removed the gap up and gap down option.
Release Notes: Updated with trendline.
Release Notes: Updated the exit conditions & moving average value.
Release Notes: The script has been updated with a trendline that acts as a support or resistance in the trendy market. This will help the position traders to stay with the trend to make more profit.
Release Notes: Updated the long exit and short exit conditions in alarm settings.
Release Notes: Removed autotrading option and Updated the stop loss.
Release Notes: Updated the intraday timing.
Release Notes: Updated with LE(Long entry), SE(Short Entry) alarm.
Release Notes: Updated the intraday timings.
Release Notes: Updated the alarm settings.
Release Notes: Updated with weak signal for intraday trading.
Release Notes: updated the IH and HM calculation method and algorithmic trading logic.
Release Notes: Updated the intraday timings for algorithmic trading.
Release Notes: Updated with provision for re entry, RE:LE for re entry for long position and RE:SE for re entry for short position.
Release Notes: Updated the re entry positions.
Release Notes: Updated with a condition for the 'risk parameter' in the indicator settings. If you enable risk, the number of trades and profits will be higher but the profit factor will be lower. If you disable the 'risk parameter' the number of trades and profits will be lower but your profit margin (risk reward ratio) will be higher.
Release Notes: Entry points updated. The most reliable calls are the display with target and stoploss. Empty LE and SE indicate high risk, and some other factors must be considered before entry.
Release Notes: Updated with an extra parameter 'risk'. If you select your profit will be high but profit factor will be less.
Release Notes: Updated alarm settings. Now possible to trade on banknifty options by setting alarm for algo trading.
Release Notes: Updated exit conditions for algo trading. It is modified in such way that if the candle low is above the target and candle close is near to target. Then algo will execute the exit signal.
Release Notes: Updated re-entry labels.
Release Notes: Updated the square off signal for intraday algo trading.
Release Notes: Algo trading square off time error resolved.
Release Notes: Update the target of re entry positions.
Release Notes: Updated with a new alarm, which will allow traders to exit the intraday algorithm as soon as they reach their destination.
Release Notes: Added quick exit alarm for options.
Release Notes: An additional parameter has been added to the settings for Algo trading. Enabling scalping will have an accuracy of 90%, but the overall profit will be lower. By default, this is parameter is ON.
Release Notes: The script updated with provision for Algo trading in bank nifty options.
Release Notes: Updated with entry and exit candle indication. Now you can see the live profit on the graph.
Release Notes: Updated the quick exit target and options trading alarm settings.
Release Notes: Updated with an auto-updated linear regression line to identify the direction of the market.
Release Notes: Updated with money management. If the first trade is already in loss the next entry signal will consider as an exit signal. The blue candle indicated an exit position and yellow indicates an entry position.
Release Notes: Updated the exit conditions. The blue candle indicates the exit position.
Release Notes: Updated exit conditions for a sell signal.
Release Notes: Updated the P&L based on the latest entry signal.
Release Notes: Updated the error in P&L calculation.
Release Notes: Updated the P&L calculation logic.
Release Notes: Updated the P&L position and indicator colors.
Release Notes: The auto trading logic updated in such a way that, for long entry, it will consider the direction of the linear regression line and the candle close position should be less than the upper trend line.
Release Notes: Updated with a new alert system and Money Management. Even free account holders can now auto trade on Bank Nifty futures and options. If any blue candles form before your target or stop losing as part of money management, traders should leave a position.
Release Notes: Now you can do auto strike price Algo trading with nextlevelbot API provider without any syntax settings.
Release Notes: Updated the alarm with quick exit and provision for option selling.
Release Notes: Updated the nextlevebot syntax and long entry stop loss conditions.
Release Notes: Updated nextlevelbot syntax for Algo trading.
Release Notes: Updated provisions for option sell.
Release Notes: Updated the auto strike price.
Release Notes: Updated Alice blue trading symbols.
Release Notes: Updated the broker details and syntax for Algo trading with the auto strike price.
Release Notes: Updated with Auto Strike price adjustment specifically for PE and CE.
Release Notes: Updated the UPSTOX syntax for next level bot Algo trading.
Release Notes: Updated re-entry positions and given provision for product selection on indicator settings.
Release Notes: Updated the parameter with index selection NIFTY or BANKNIFTY.
Release Notes: Updated the risk parameter for re-entry positions.
Release Notes: Updated the error in the risk parameter.
Release Notes: Updated with provision for hedging in options trading and corrected the error in profit calculation.
Release Notes: Hedging default settings updated. The main signal logic has been updated when buy and sell happen nearby.
Release Notes: Updated the syntax of Alice blue broker for Algo trading.
Release Notes: Updated the risk parameter.
Release Notes: Updated the issues in the exit signal.
Release Notes: Updated the conditions for risk parameter.
Release Notes: Updated the syntax for Algo trading in Nextlevelbot.
Release Notes: Updated with provision for auto trading in the future with nextlevelbot.
Release Notes: Updated with the syntax for angel broker and change the OTM calculation for PE for options trading.
Release Notes: Updated the exit conditions and Alice blue syntax.
Release Notes: Updated the risk parameter settings. Given provision for trade on any risk positions.
Release Notes: Updated with daily max profit and daily max loss parameter. This is useful for Robo trading with Indian brokers. If the daily trade reaches any of this limit, it will square off all the existing positions and will not execute further trade on the same day. This can enable by selecting a "Set daily limit" parameter.
Release Notes: Updated the intraday square off time.
Release Notes: Updated the hedging logic of the indicator for options trading.
Release Notes: Updated the basic settings of the indicator.
Release Notes: Change the default settings of the indicator.
Release Notes: Re-entry locations updated.
Release Notes: Updated entry positions based on the present market situations.
Release Notes: Updated with the provision for hedging in futures trading as well.
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.
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 until 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 Public Library.

Author's instructions

Use the link given below or WhatsApp your Tradingview ID to get access to this indicator. +91 7057407740

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Comments

Hi

Can you please provide access
+6 Reply
Niki5289 rps108
@rps108, Done
+1 Reply
rps108 Niki5289
@Niki5289, my friend it's locked again.Can you provide reaccess
Reply
Niki5289 rps108
@rps108, done
Reply
Sir kindly give me access my I'd is manpreet4panesar
+3 Reply
Niki5289 yadvindersss
+1 Reply
mistriharun Niki5289
Reply
kindly give access permission
+1 Reply
Niki5289 tmpsubramaniam
Reply
mistriharun Niki5289
Sir kindly give me access my I'd is
mistríharun
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