TradersVenue

Market Sentiment [@TradersVenue]

This majorly combines 3 indicators. More detailed usage will be taught to the subscribers as part of webinars to understand how to use these along with VSA to improve the trading results.

1)Mean Revert Indicator (M.Revert) - Most useful for intraday. When M.Revert bar turns red its ideally a sell signal. When M.Revert bar turns green its buy signal.

2) PV .Trend is nothing but price volume trend . Green bullish , red bearish .

3) Ind.VIxFix - Its India VIX . When its red it means VIX is shooting up and chances of fall is higher. When VIX turns green VIX is cooling down and market may consolidate or go higher.

When VIXFIX turns green its a good time to sell straddle or strangles and avoid neutral strategies when red. Additionally when VIXFix turns red, simply exit the losing leg holding the other leg of the neutral strategy. It helps.
Release Notes: Minor change. Update the script to get the benefits. More details will be shared in next webinar on how to use it along with other VSA scripts.
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 TradersVenue 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

You may DM me on the social media platforms shown in the signature and request for access.

Want to use this script on a chart?

Warning: please read before requesting access.

For queries, suggestions, access requests you can reach out to me using below social media handles.

EMail_ID:- support@tradersvenue.com
Telegram: https://t.me/TradersVenue
Twitter: http://twitter.com/PrasunaBarik
YouTube: https://www.youtube.com/channel

Comments

Not working on nifty 50.please check
Reply
TradersVenue shacks420
@shacks420, This is a invite only script. First you need to get access. Secondly PVT and M.Revert doesn't work if volume is missing. So instead of applying it on the Nifty spot, you should use it in Nifty future which has volumes associated with it.
Reply
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