INSTRUMENT TO TRADE - Nifty Futures, Nifty Options (Buy) - In The Money Call / Put Options TIME FRAME - 05 mins DURATION TYPE - Intraday , every trade must be closed at End Of Trading Day. STRATEGY TYPE - Trend following, Intraday
The script will indicate when to BUY / SHORT the Index instruments and when to EXIT the trade.
The backtesting is done using 1 qty of NIFTY on intraday trade. Brokerage and commissions are included in backtest results. Tradingview doesn't have Nifty futures data hence strategy is build on Nifty spot price.
The purpose of the scipt is for self learning / improvement and analysis. Trading is a risky business and a trader must take any trade at their own RISK. The author shall not be held responsible for Losses / Profits
Release Notes
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Minor updates. Improved result
Release Notes
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The strategy will not provide trading signals now. Please DM to get invitation for Invite-Only strategy
Release Notes
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The strategy has been updated with only BUY side trades and reduced number of overall trades. To get all trades, please DM for invite-only script.
Release Notes
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minor updates
Release Notes
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Please Add the script to Favourites and then apply on chart.
Directly applying the script on chart w/o above step will give incorrect result