This indicator is called Indian Pivot Boss _ Pivot Based Oscillator.
This is an oscillator based on pivot level of each candle. It is based on the concept outlined in the Secrets of Pivot Boss book.
It is the average of mutual differences between fast moving average, medium moving average and slow moving average of the candle pivots. This is then plotted as an...
Introduction :
This indicator serves two purposes
a) It is a multi dimensional floor pivot indicator, which takes its concepts from Secrets of Pivot Boss book of Frank Ochoa. Most of the indicators suggested in the book are packed in one indicator.
b) It also has an inbuilt intraday strategy which identifies trend, direction and momentum based on CPR (Central...
This indicator is a market breadth indicator.
This is an index that is derived from the number of stocks within the nifty constituents that has made 52weeks high and low.
Only top 40 stocks of nifty50 are selected as there is a limitation of calling securities in pinescript.
This indicator has to be used in conjunction with other market breadth indicators like...
This indicator plots distribution / accumulation.
Distribution is when price falls by 0.2% and volume is 1.25 times the 20 day average volume.
Opposite is accumulation.
If there are 5 distibution days in a span of 20 days then market direction is confirmed down.
William O Neils method. Parameters tweaked based on Indian markets and my experience.
This is a very powerful index to guage the market breadth of an index.
By default it is configured for the top 18 stocks of Nifty.
This indicator calculates the momentum (RSI) of the no. of stocks above and below MA difference.
Divergence of shorter momentum with price gives reversal caution.
Crossing of shorter momentum over / under longer momentum provides a...
This is a powerful indicator to guage the strength of the market.
1) By default it plots the momentum of the number of stocks in Bank Nifty that are above 20 period MA. You can change the MA number if you desire.
2) It also has other features like plotting the above along with the weights allocated in index / MACD of the number of stocks above and below index /...
This is an intraday strategy.
Camarilla Level 3 breakout strategy.
Conditions are long above Camarilla R3 only under certain circumstances related to the distance between Central Pivot and Level 3 pivots and also the location of the Opening price of the day.
Exit is assumed to be at the end of the day. It is suggested to exit the trade if price falls back below...
This is an intraday trading strategy.
Concept :
Underlying concept is that Amateurs open the market and Professionals close the market. Hence this system tries to capture the breakout in the afternoon session. After One PM Breakout (AOPM breakout). This essentially means that one has to go long once the high of the market till 1 pm is broken out and similarly...
Concept :
This strategy aims to capture the trend. It is deemed that a possible trend emerges when price goes past a pre-determined boundary. The predetermined boundary is a function of previous day close, average daily range and a standard normal distribution Z score.
Conditions :
Buy when price crosses the upper boundary.
Exit when price falls below the...
Average Daily Range indicator
This indicator shows the average daily range. By default shows one day Daily Range. It can be customised upto 100 days. Strongly suggested to use 1-5 days only.
It also plots 4 lines which are by default 10 day average Daily Range (ADR) with 50% of ADR, 75% of ADR, 100% of ADR and 125% of ADR.
These are used to calculate...
This is the JP_MUPS Strategy for NIFTY similar to BankNifty which is already there in JP_MUPS.
The best way to enter this strategy is as follows:
Option A :
Direct entry after signal with a stop .
Option B :
Have a Stochastic 14 / 5 / 5.
Once a short signal comes, wait for the Stochastic 14/5/5 to go to the OverBot zone above 70 and enter short after a...
This is the Advance Decline Momentum Index for Top 18 stocks of Nifty 50 index.
This is similar to the ADMIN index for Bank Nifty Stocks that is already available for public use.
Top 18 stocks of Nifty contributes more than 70% of Nifty's movement.
The index has the following options :
1) Admin line (shorter momentum ) : By default this is enabled. If it...
This is an advanced form of MUPS pivot intraday trading system.
Use this indicator with the following indicators :
1) IndianPivotBossPivotShift.
2) IndianPivotBossPivotRSI
3) PBOscillator
4) IndianPivotBossADMIN
When all the four indicators are sloping upwards, the long setup is triggered.
The indicators bars turns blue when each of them begins to slope...
This is a momentum index derived from the number of advances - number of declines of the stocks comprising the index.
This is called Advance Decline Momentum INdex (ADMIN).
It is a leading indicator to spot reversals.
This can be used in any time frames right from intraday to higher time frames.
By default it is configured for Bank Nifty (12 stocks).
Stocks can be...
