NKPTechnicalTrader

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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