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BankNifty Multi-TimeFrames Price Panel [MaestroTrader]█ OVERVIEW Price Panel provides Nifty /BankNifty Index comprehensive Price Insights on different time intervals. It helps to determine the trend of Index using top Index Heavy Weights along with Dow, India VIX & Index Spot Prices. It helps to determine the price behavior of the underlying Index/stock to make informed decisions while trading. █ FEATURES a) Displays Price in Multi Time Frames for Multi time frame analysis b) Displays Weighted Securities price for Weighted INDEX price analysis. c) Displays INDIA VIX and DOW for Combined INDIX VOLATALITY Analysis █ MUTLI TIME FRAME ANALYSIS How to use Multiple time frame analysis? Multiple time frame analysis follows a top-down approach when trading and allows traders to gauge the longer-term trend while spotting ideal entries on a smaller time frame. Traders can then conduct technical analysis using multiple time frames to confirm or reject their trading bias. Multiple time frame analysis, is the process of viewing the same symbols under different time frames. Usually, the larger time frame is used to establish a longer-term trend, while a shorter time frame is used to spot ideal entries into the market. Let’s Say 75 & 15 TF’s Trend is up, then shorter time 5M is used to spot ideal entries on long side. █ WEIGHTED INDEXS PRICE ANALYSIS How to use Weighted Index Price Movement in Multi timeframes? The index future trading price is based on the trading prices of the individual securities (stocks) that comprise the index basket. In other words, the stocks with higher weights will have more impact on the movement of the index. Price Panel provides the insights of these heavy weight stock price movement in different time frames, that can help you confirm or reject your trading bias. HDFC Bank (28% Weight) will have more impact on the BankNifty Movement. By looking the top 4 bank's price movement in different timeframes, you can derive the BankNifty price trend. █ VOLATALITY ANALYSIS India VIX is a short form for India Volatility Index. It is the volatility index that measures the market’s expectation of volatility over the near term. A lower VIX level usually implies that the market is confident about the movement and is expecting lower volatility and a stable range. A higher VIX level usually signals high volatility and lower trader confidence about the current range of the market. A major directional move can be expected in the market and a quick broadening of range can be expected. █ SETTINGS • Time Frame Settings: Configure Time Frames 5 Min, 15 Min, 75 Min • Table Settings: Configure Table Styles- Position- Font Color • Symbol Settings: Configure Securities. Toggle (on/Off) Securities display. • Index Settings: Display Bank Nifty or Nifty Heavy Weights. █ PANEL DISPLAY VARIATIONS BANK NIFTY VIEW NIFTY VIEW WITHOUT STOCKS - ONLY INDEX, VIX, DOW █ THANKS Thanks to Pine Team for this new great feature tables & Thanks to PineCoders for the `f_strRightOf` function. █ DISCLIAMER Indicator is built for educational purposes. Test it before use. Hope - These features help you get quick insights of the price movement to take informed trades. You are free to use the code, please share the credit for reuse. Happy Trading !!
Pine Script™ indicator
by MaestroTrader
13
VOLUME HIGHLIGHTER PANEL (CUSTOM) [MaestroTrader]█ OVERVIEW Volume highlighter panel provides volume insights to identify gradual increase or drop in volume or sudden volume urge that exceeds daily threshold. It helps to determine the price behavior of the underlying Index/stock to make informed decisions while trading. █ FEATURES a) Displays Live SMA (20) Volume with color code. SMA Cells turns green if consecutive bar volume increases. b) Live Volume Cell in table turns green if the volume is above average and turns red vice versa. c) Threshold volume label appears when volume crosses the daily threshold limit. Differences with the built-in version This variation displays volume panel with additional volume insights for quick entry/exits. █ SETTINGS • Highlight Panel a) Configure Daily Volume Threshold b) configure Market session time c) Toggle highlighter on/Off d) Toggle Time on/Off (off) displays for whole period • Volume Panel a) Configure SMA b) configure volume bar criteria c) configure Panel Display Location d) Toggle Volume Panel on/Off █ IMPORTANT Price always moves from trending to trading phase. Volume in Trending phase is generally high compared to volume in sideways phase. You need to identify the right volume threshold in each of the trading phases and change the settings accordingly. █ BANKNIFTY /NIFTY VOLUME SETTINGS BANKNIFTY - 3 MIN -50K volume NIFTY - 3 MIN 125 K volume Thanks to OSPL Siva for Nifty/Bank Nifty volumes. These volumes differ from trending phase & consolidation phase so adjust the threshold settings accordingly. █ THANKS Thanks a lot to Pine Team for this new great feature table & ‘ format. Volume ’ ! Thanks to @author=LucF, for the 'volume' logic. █ DISCLIAMER Indicator is built for educational purposes. Please test it thoroughly before you start using it. You are free to use the code, please share the credit for reuse. Hope - All these features help you get quick insights of the price movement to take the informed trades. Happy Trading !!
Pine Script™ indicator
by MaestroTrader
3
Financial Astrology Indexes ML Daily TrendDaily trend indicator based on financial astrology cycles detected with advanced machine learning techniques for some of the most important market indexes: DJI, UK100, SPX, IBC, IXIC, NI225, BANKNIFTY, NIFTY and GLD fund (not index) for Gold predictions. The daily price trend is forecasted through planets cycles (angular aspects, speed phases, declination zone), fast cycles are based on Moon, Mercury, Venus and Sun and Mid term cycles are based on Mars, Vesta and Ceres . The combination of all this cycles produce a daily price trend prediction that is encoded into a PineScript array using binary format "0 or 1" that represent sell and buy signals respectively. The indicator provides signals since 2021-01-01 to 2022-12-31, the past months signals purpose is to support backtesting of the indicator combined with other technical indicator entries like MAs, RSI or Stochastic . For future predictions besides 2022 a machine learning models re-train phase will be required. When the signal moving average is increasing from 0 to 1 indicates an increase of buy force, when is decreasing from 1 to 0 indicates an increase in sell force, finally, when is sideways around the 0.4-0.6 area predicts a period of buy/sell forces equilibrium, traders indecision which result in a price congestion within a narrow price range. We also have published same indicator for Crypto-Currencies research portfolio: DISCLAIMER: This indicator is experimental and don’t provide financial or investment advice, the main purpose is to demonstrate the predictive power of financial astrology. Any allocation of funds following the documented machine learning model prediction is a high-risk endeavour and it’s the users responsibility to practice healthy risk management according to your situation.
Pine Script™ indicator
by citlacom
5
Intrangle - Straddle / StrangleIntrangle is an indicator to assist Nifty / Bank Nifty Option Writers / Sellers to identify the PE / CE legs to Sell for Straddle and Strangle positions for Intraday. Basic Idea : (My Conclusion for making this Indicator) 1) Last 10 Years data says Nifty / Bank Nifty More than 66% of times Index are sideways or rangebound (within 1% day) . 2) Mostly, First one hour high and low working as good support and resistance. Once First one hour complete, this indicator will show Strangle High (CE), Strangle Low (PE) and Straddle (CE/PE). Straddle: If you want to do straddle strategy, sell at the money strike (CE/PE) when price comes near to the straddle line (black line), Strangle: If you want to do Strangle strategy, sell Strangle High (CE) and Strangle Low (PE) when price comes near to the straddle line (black line). Both Strangle High and Low will be out of the money when price near to the straddle line (black line). Adjustment: option adjustment to be done based on the price movement. Adjustment purely up to the user / trader. Note1: If price not comes to near straddle line after first hour, better to stay light… Note2: If first hour not giving wide High / Low, don’t use strangle strike based on this indicator. Straddle can be done any day with require adjustment / hedge. This Indicator is purely for education purpose, user / trader has to be back-tested before their start using it. This indicator will work in Nifty / Bank Nifty only. Best Time frames are 3/5/15 Mins. This is purely made for Intraday Happy Trading 😊
Pine Script™ indicator
by Saravanan_Ragavan
15
[Unxi]McClellan Oscillator for TECDAX [modified]This version is for use with the German TecDax index only! About McClellan Oscillator Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD . McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences. About my version This version here is a modification, though: - It can only be used on the German TECDAX index - It only considers the TECDAX stocks - The data window will provide a summary about rising and declining stocks - The data window will output the last change for each of the 30 stocks The script is pretty slow because it has to calculate the change for each bar individually (instead of receiving a complete calculation from the stock exchange). This script will work on any time period. Just use whatever timeperiod you are comfortable with, the indicator will automatically adjust accordingly. It is recommended to use it with timeperiod = 1d, though. DISCLAIMER This script was mainly written for educational purposes (training myself how to write custom indicatotors). As you can see, the code is really messy. Feel free to provide your feedback in the comments! Credits Based on the simple version of aftabmk You can find the original version by searching for McClellan Oscillator for nifty 50. Also got some inspiration from lazybear's version and from danarn's "Crypto McClellan Oscillator".
Pine Script™ indicator
by Unxi
McClellan Oscillator for DAX (GER30) [aftabmk modified]About McClellan Oscillator Developed by Sherman and Marian McClellan, the McClellan Oscillator is a breadth indicator derived from Net Advances, the number of advancing issues less the number of declining issues. Subtracting the 39-day exponential moving average of Net Advances from the 19-day exponential moving average of Net Advances forms the oscillator. As the formula reveals, the McClellan Oscillator is a momentum indicator that works similar to MACD . McClellan Oscillator signals can be generated with breadth thrusts, centerline crossovers, overall levels and divergences. About my version This version here is a modification, though: - It can only be used on the DAX index (DAX 30 or GER 30) - It only considers the DAX 30 stocks - The data window will provide a summary about rising and declining stocks - The data window will output the last change for each of the 30 stocks BUG I am only publishing this version because I am not sure if my current version is saved when I leave tradingview.com without publishing the script. This version still contains a bug - the if/else clauses do not correctly recognize declining stocks. So the oscillator should not be used as it is. Working on it these days. Feel free to provide feedback! Stuff I am working on - Coloring the area green/red according to the value - Fixing this bug/making this script more efficient DISCLAIMER This script was mainly written for educational purposes (training myself how to write custom indicatotors). As you can see, the code is really messy. Credits Based on the simple version of aftabmk You can find the original version by searching for McClellan Oscillator for nifty 50.
Pine Script™ indicator
by Unxi
Alpha & BetaHow to use Alpha(α)? If Alpha is positive the stock outperforms, if the value is negative means the stock underperforms. α < 0: The investment has earned too little for its risk (or, was too risky for the return) α = 0: The investment has earned a return adequate for the risk taken α > 0: The investment has a return in excess of the reward for the assumed risk How to use Beta(β)? β = 1: Exactly as volatile as the index β > 1: More volatile than the index β < 1 > 0: Less volatile than the index β = 0: Uncorrelated to the index β < 0: Negatively correlated to the index β > 2: Trending stock Higher the β higher risk/reward Example: If the beta is 1.1, the share price is like to move by 10% more than the index Trading Tip Choose a stock with Alpha greater than 0 and Beta greater than 1.9 for intraday in 5min timeframe for long positions Remember that such stocks will have high risk and high reward Shortlist stocks with Beta greater than 1.9 for next day in 5min timeframe
Pine Script™ indicator
by Arun_K_Bhaskar
30
MACD oscillator with EMA alert version 4HThis is the study/indicator alert version of the macd + ema strategy. The strategy details are the following : Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average. Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes. It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years. As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on. Components: MACD EMA Time condition Long/short option For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous. For short /exit long , when close below ema , histo negative and current candles smaller than previous If you have any questions please let me know !
Pine Script™ indicator
by SoftKill21
5
MACD oscillator with EMA strategy 4H This is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average. Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes. It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years. As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ,NIFTY etc), forex(GBPUSD), stocks and so on. Components: MACD EMA Time condition Long/short option For long/exit short we enter when we are above the ema, histogram is positive and current candle is higher than previous. For short /exit long , when close below ema, histo negative and current candles smaller than previous If you have any questions please let me know !
Pine Script™ strategy
by SoftKill21
4
HiLo Extension This Strategy is finding high and low breaks of the day and enter into the trader based on RSI value and time value 1) This strategy is created for Indian Index like Nifty, Bank Nifty and so... 2) Trades are initiate only after 10:15 AM and before 3:10PM 3) High and Low of the day break will be check during the above time frame 4) RSI value will be check (RSI 50) 5) and trade will be initiate 6) Stop loss set as vwma 20... Note: This Script will work fine in Index future chart not index spot chart... This is just my idea only... Please back test yourselve, before using it.. Your comments are welcome!
Pine Script™ strategy
by Saravanan_Ragavan
2
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator. Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market. After buying or selling, institutions compare instrument price to closing VWAP values at end of the day. For big financial institutions; A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price. A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price. Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :) So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation. So, Closing value of previous day vwap = Pvwap Today's running vwap = Cvwap Defining the IntraDay Trend: Moderately Bullish = candle closing price above Pvwap but below Cvwap Super Bullish = Closing price is above both (Cvwap and Pvwap) Moderately Bearish = Closing price is above Cvwap but below Pvwap Super Bearish = Closing Price is below both (Cvwap and Pvwap) A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend) Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
Pine Script™ indicator
by CrazyKishore74
20
PG ATR based Stop LossA stoploss system that enables traders to exit with limited loss or even trailing loss. Use the levels of indicator against the candle that has seen signidicant move for running positions and the candle in which a new position is taken. Example : For long Nifty Future at 14990 levels, when Indicator is showing 14820 at bottom on a 30 min chart, 14820 can be used as a stop loss, similarly for short conditions upper values above top of he candle will be followed. For medium term ongoing positions, use the levels marked against candle that offered a major move, or the candles that has put the underlying in a new price zone or range. 15-30 minutes are suitable period for intraday / short term trades. Two hours or day periods can be used for positional trades. **Queries are welcme.**
Pine Script™ indicator
by ipuneet
Speculation Ratio TerritorySpeculation Ratio Territory It is used to find the Index Top or Bottom which will define the buying and selling zone. It should be checked on a weekly chart. Example : As Nifty Trades around 248 days in a year. So, 248/2 = 124 Now Use 124 DSMA on weekly chart. Suppose Nifty 124 DSMA is @16000 and Current Market Price is 16500, then SRT = 16500/16000 = 1.031 Top SRT of Nifty = 1.55 Bottom SRT of Nifty = 0.55 One should start investing when SRT value is between 0.55 to 0.75 And exit when SRT value is between 1.30 to 1.55 0.55 to 0.75 --> ENTER (Green Zone) 0.75 to 1.30 --> HOLD (Blue Zone) 1.30 to 1.55 --> EXIT (Red Zone) Credit for DSMA Script : //Deviation Scaled Moving Average by John Ehlers
Pine Script™ indicator
by Arijeet_Satapathy
23