NKPTechnicalTrader

NKP Monthly Zones

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NKP Monthly Zones is an indicator it will show where the buyers and sellers sitting to take the positional trades on Daily and weekly charts. it is created based on the last 10 months price movements. By using this we can detect reversals, continuations and trend strength, read on. ( we can apply this in 1 day, 1 week chart)

NKP Weekly 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 monthly Buyer zone , NKP monthly Seller zone

IMPORTANT: this script does not generate any signals. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 1day and 1week time frame. Lower/High period gives more incorrect signals. Don't use this in lower time frames( below 1 day time frame).

Try it! Good luck and good trading!

For access, please PM us or visit the link below in our Signature.
Release Notes: modified label names
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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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