Novice Hedge Trigger is a flag to identify the change in trend.
I have coded the flag in such a way when there is a (The flag is triggered when there is a imbalance between the buyers and sellers) sort of candle it triggers.
BT - Buy Trend
ST - Sell Trend
Its a trade setup indicator which contains , and Trigger.
Suggested Time frame: 15 Min for Nifty , Bank Nifty and Stock
When there is a formation of BT flag in a down fall of the underlying near or on the S1, S2, S3 or S4
Stop loss should be the low of the BT candle
When there is a formation of BT flag in an up move of the underlying near or on the R1, R2, R3 or R4
Stop loss should be the high of the ST candle
High POP Setup:
One can take trades based on the flag when there is a correlation with , , near higher period MA.
Note: We have added the , , , for better usage of the script.