NKPTechnicalTrader

NKP Buy Sell Signals- INDEX

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NKP Buy Sell signal is an indicator. It will plot buy / sell signal in live market based on EMA , VWAP , RSI , PSAR, MACD generates information about entry points at close of the candle. Strong Buy/ Sell signal is the best entry point but you can enter at the next candle.
it will give good signals on index- NIFTY , BANK NIFTY

we can see signals like buy/strong buy or sell/strong sell - 5 min candle

if the price above the VWAP and SMA20 lines and buy signal came then go for long if sell signal came below the VWAP and SMA20 line the go for short.

How does it work?
buy - take the buy order in next candle open's stop loss will be signal candle low
strong buy - take the buy order in next candle open's stop loss will be signal candle low
sell - take the sell order in next candle open's stop loss will be signal candle high
strong sell- take the buy order in next candle open's stop loss will be signal candle high

What are the signals?
Yes it will generate the buy/sell/strong buy/strong sell signals in the live market
these signal will plot up/down arrow based on signal.

Can we set the Alert on this?
Yes, we can set the alert based on the signals
Four custom alerts - NKP Buy , NKP strong Buy , NKP Sell, NKP Strong Sell

IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast.

Try it! Good luck and good trading!

For access, please PM us or visit the link below in our Signature.
Release Notes: changed for signal accuracy
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NKPTechnicalTrader for more information, or follow the author's instructions below.

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