Nik Price Cycle

Every script follow a pattern in their price cycle. This can be defined by division of price cycle. Division line will act as pivot point .Above this bar this any price movement is indication of bullish trend while below this line any price movement is indication of bearish trend . This Nik price signal will give great result in combination of magicsignal which is also one of our developed signal. Although we have included various calculation for analysis purpose in this indicator. i suggest to go in setting and uncheck all channel lines and shapes for getting clear picture of trend and entry point. for more details on how to use this indicator people can message us
Release Notes: addition of price bar which acts as stoploss
Release Notes: new parameters added
Release Notes: new parameters
Release Notes: new parameters
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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I have been testing this and I quite like the levels and works well with my system. But could you elaborate on How you intended people to put this to use according to you? Thanks for the work!
@sangli, you can take our training program. Our trainer will explain you in details for its usages. If you are interested please ping us at or
sangli AnkitaRanjan
@AnkitaRanjan, I tested it extensively, it redraws the levels, while it is useful. It can't be relied upon. Thanks for the work though
@sangli, You need to understand first about the way of using this indicator. These levels are dynamic in nature and this is the beauty of this indicator. If you want to learn the rule of analysis for this indicator then you can take our product training session.
@AnkitaRanjan, Nice Indicator. Although i understand the indicator like any pivot tends to change due to price action, what i observed is that is this indicator redraws levels within 5/10 minute candle.. thats a real dynamism. is there any threshold by which we can control this redrawing?
@sangli, You can also test updated version of this indicator with various added new feature. This is with the name of Nikesh Price Cycle.
+2 Reply
raja74sekhar AnkitaRanjan
@AnkitaRanjan, please give me access for Nikesh price cycle
AnkitaRanjan raja74sekhar
@raja74sekhar, Nikesh Price Cycle is already there on public domain. Search it on strategies and indicators list.
Thanks for your analysis and hardwork. I like it. Good Luck.
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