This is an updated version of NIKI MS 1.2. The previous version had a repainting problem due to multi-time frame analysis. This script will work without repainting .It is more suitable for Bank Nifty and Nifty on 5 minutes time frame. Added an automatically updated linear regression script to confirm the trend direction and signal. The background color indicates the main trend and the color of the candle indicates the short term trend. Re-entry are marked as short entry RE: SE and long entry RE: LE. You can adjust the target and stoploss from the indicator settings. The indicator parameter BW and the candle change% need to be adjusted for different types of stocks.
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Release Notes
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Updated the indicatore setting with provision for hammer or inverted hammer wick size adjustment.