NKP Super V1
we can see the Two SMA limes 10, 50 for identify the intraday trend. Buy/Sell - 5 min candle (Intraday trading)
we can see the green and red lines formed in the stock it means it was picked for intraday other wise done select the stock.
(This indicator will pick the stock based on price action)
How does it work?
buy - Take the buy order when the 5min candle open above green line
sell - Take the sell order when the 5min candle open below red line
What are the signals?
Yes it will not generate the buy/sell signals. it will lot green/red lines in the live market.
Green line - BUY above this line
RED Line - SELL below this line
Orange Line - once taken the entry in any side based on signal blue line will be the stop loss for both signals.
Blue line - Previous day High
purple line - previous day low
Can we set the Alert on this?
Yes, we can set the alert based on the signals
Two custom alerts - NKP Super Buy , NKP Super Sell
IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast.
Try it! Good luck and good trading!
"Use the link below to obtain access to this indicator" or "PM us to obtain access."
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NKPTechnicalTrader directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NKPTechnicalTrader directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.