NKP NIFTY Scalper V1

NKP NF Scalper V1 is an indicator. It will work only on NSE - NIFTY Futures it was designed based on proven intraday strategy. It will plot buy / sell signal and SL line in live market based on custom calculated information about entry points at close of the candle. Buy/ Sell signal is the best entry point but you can enter at the next candle.

we can see signals like buy/sell/ - 3 min candle (Intraday trading)

if the buy signal came then go for long if sell signal came then go for short.

How does it work?
buy - take the buy order in next candle open's stop loss will be at SL line
sell - take the sell order in next candle open's stop loss will be sat SL line

What are the signals?
Yes it will generate the buy/sell signals in the live market
these signal will plot buy/sell labels 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 Sell

How does it work?
buy - Take the buy order when BUY signal came on the 3min candle
sell - Take the sell order when SELL signal came on the 3min candle

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 (stocks, indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 3 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!

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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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