kalakartradersYT

auto trend lines with buy sell signal

Kalakar trader's Tools is the tool where Buy and sell signals generates automatically according to the candles behavior.

It automatically made trend line

It as build in moving average also

It uses WD Gann Levels to calculate entry point with the help of VWAP .

Pivot points determines the recent support and resistance levels.

Trading rule for this indicator

This indicator is designed for Indian equity stocks

Best performance is expected on 10 minutes chart basic user can use 5 minutes chart for stock value less than 500 rupees, else 15 minutes chart
Plotted line shows the market sentiment, green for buy, red for sell and black for neutral market.

Order thumb rule

For buy signals there is a up triangle in green color

For sell signal there is a down triangle in red color

1. avoid any trade signal before 9:35 AM Indian time
2. signal and related stop loss candle must be formed in the same day
3. if order placed in 5 minutes chart then don't go for a target of 15 minutes chart
4. if order placed in 15 minutes time frame and target is too far then check the target in 5 minutes time frame
5. if signal candle touches the target then avoid the signal.
6. Money management is most important for this indicator.
7. Take trade only if it satisfy risk reward ratio.
8. It has long target but need patience.

Signal
using vwap calculates gann square of 9 levels and if any smart money activity on that level then checks the confirmation of the trend by higherhigh or lowerlow formation

Buy Entry : entry price should be on the high of the candle before signal for buy and sl on bottom of flagged candle just before signal
SellEntry : entry price should be on the low of the candle before signal for sell and sl on top of flagged candle just before signal

Please add some extra value to the Stop Loss for safe trading

Warning : Don't place any order without stop loss, This tool is made for educational and learning purpose only, take any trade at your own risk.


Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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