OPEN-SOURCE SCRIPT
SB - VWDEMA - V2
Derivatives - Scalping @ 1 Minute TF
Rules : -
CE entry - If ATR a& Dema both turns Green.
PE entry - If ATR and Dema both turns Red.
If both are in opposite colour code, wait till both align in direction and colour coding.
Vwap - If price is above Vwap, Calls will be rewarded well ( Try to find out entry in call options ).
If Price is below VWAP, Puts will be rewarded well also, try to figure out entry in Put options.
Best results - Nifty derivative @ 1 minute TF , However can work well in all other instruments.
Display - make your own settings as per your convenience. Mine is attached below for your reference :
Rules : -
CE entry - If ATR a& Dema both turns Green.
PE entry - If ATR and Dema both turns Red.
If both are in opposite colour code, wait till both align in direction and colour coding.
Vwap - If price is above Vwap, Calls will be rewarded well ( Try to find out entry in call options ).
If Price is below VWAP, Puts will be rewarded well also, try to figure out entry in Put options.
Best results - Nifty derivative @ 1 minute TF , However can work well in all other instruments.
Display - make your own settings as per your convenience. Mine is attached below for your reference :
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.