NKPTechnicalTrader

NKP Daily Zones

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NKP Daily Zones is an indicator it will show where the buyers and sellers sitting to take the positions. it is created based on the last 10 days price movements. By using this we can detect reversals, continuations and trend strength, read on. ( we can apply this in lower timeframes like , 5min, 15min, 30min, 1hr)

NKP Daily zones has 2 main components:
Buyers zone dotted lines (Green)
Sellers zone dotted lines (Red)

How does it work?
The price moves above the seller zone area it means up trend continuation.
The price moves below the buyer zone area it means down trend continuation.
The price touches buyer zone area and the price moving up it means down trend completed and up trend started.
The price touches seller zone area and the price moving down it means up trend completed and down trend started.

What are the signals?
it wont generate any signals. just it will plot the buyers and seller zones.

Can we set the Alert on this?
Yes, we can set the alert based on the buyer/seller zone broken.
two custom alerts - NKP Buyer zone , NKP Seller zone

IMPORTANT: this script does not generate any signals. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min, 15min, 30min, 1hr time frame. Lower/High period gives more incorrect signals. Don't use this in daily time frame.


Try it! Good luck and good trading!

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