Nifty-Signal-System is giving Bullish and Bearish signal for trade to buy and sell.

This signal system is mainly finding trend change and momentum change in the scripts.

There is two signal one Big triangle for Bullish and Bearish signal and another is arrow signal.
Arrow signals are generating for finding the continuation of trend.

Each arrow trader can do pyramiding with trend and close the trade whenever small red arrow come or bearish signal start and can take opposite side of the trade.

I have designed this signal system for NSE:NIFTY Index only.

Default Parameter are : Time Frame, ATR Period, ATR Multiplier, Look Back Period

Default parameter given on Input is giving optimum results if user want to change the setting results can vary.

With Strategy Tester i am able to give performance report. User can check the report .
I have mentioned order details with commission and slippages on each trades.

This signal is available on subscription. contact me or ping me for more details.
Release Notes: Input parameter added to configure the time frame. Configured Daily and Hourly time frame.
Working with Nifty and Bank nifty Both.
Release Notes: Nifty signal system improved and now onwards in lower time frame very less signals will come. But if any signals will come for either Long or Short it will work with Stop loss. and Gap up middle area was not getting plotted that I have corrected with this fix.

So 2 Signals are there Long and Short for bullish and bearish and arrow signals on each candle that represent continuation of previous signal.

Invite-only script

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Author's instructions

I shall recommend use 5 to 10 minute chart for intraday and 15 minute to 1 hour for positional trade.

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