OPEN-SOURCE SCRIPT
Option Buying Strategy By Raj Pandya
This strategy is designed for intraday trading on BankNifty using a powerful confluence of trend, structure and momentum. It combines the 9-period Exponential Moving Average (EMA) with Daily Traditional Pivot Points to identify high-probability breakout trades.
A Long (CALL) signal is generated when price crosses and closes above both the 9 EMA and the Daily Pivot Point (PP), confirming upward trend strength. A Short (PUT) signal triggers when price crosses and closes below the 9 EMA and PP, signaling downside momentum. To reduce false signals, the strategy uses RSI with a moving average filter to ensure momentum aligns with price action.
Risk management is built-in with previous candle high/low stop-loss, a fixed 50-point target, and an automatic trailing stop system to protect profits on trending days. This helps capitalize on strong momentum while managing risk effectively.
This strategy works best on the 5-minute timeframe and is optimized for BankNifty futures/options. It aims to capture clean directional moves around key intraday value levels used by institutional traders.
A Long (CALL) signal is generated when price crosses and closes above both the 9 EMA and the Daily Pivot Point (PP), confirming upward trend strength. A Short (PUT) signal triggers when price crosses and closes below the 9 EMA and PP, signaling downside momentum. To reduce false signals, the strategy uses RSI with a moving average filter to ensure momentum aligns with price action.
Risk management is built-in with previous candle high/low stop-loss, a fixed 50-point target, and an automatic trailing stop system to protect profits on trending days. This helps capitalize on strong momentum while managing risk effectively.
This strategy works best on the 5-minute timeframe and is optimized for BankNifty futures/options. It aims to capture clean directional moves around key intraday value levels used by institutional traders.
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开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。