Novice_Hedge

Novice Hedge Trigger Setup

Dear Investor / Trader,

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 pin bar (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 Pivot , EMA and Trigger.

Suggested Time frame: 15 Min for Nifty , Bank Nifty and Stock

Buy Opportunity:

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


Sell Opportunity:

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 Pivot , Camarilla , near higher period MA.

Note: We have added the SMA , EMA , Pivot , Camarilla for better usage of the script.
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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Comments

Can we have alert for this Trigger Sir
+7 Reply
Hi, is it possible to have the label names (For example, R1, R2, R3) appear so that it's easier and quicker to read on the charts? Appreciate the effort you've put it, but this customization would make the indicator perfect!
Reply
Nice work bro. Appreciate your efforts
Reply
Thank you D D sir
Reply
U R V V V V GREAT SIR
Reply
Novice_Hedge tKiranv157
@tKiranv157, Thank You
+1 Reply
Thanks a lot Dharni.
Reply
Novice_Hedge RaviChandran_Rajkumar
Reply
Thanks Dharani, It is guiding post for buy and sell setup
Reply
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