ABI v2
Intraday Trend Following system.
The indicator is based on the system taught by my mentor Mr. Arjun Bhatia and it gives you entry, trailing and exit signals using a combination of multiple indicators based on - price action, volatility and trend analysis.
The indicator gives out an alert once all entry/exit conditions are met. Once the high/low (high in case of long alert, low in case of short alert) of alert candle is broken, the trade is to be initiated and the indicator plots SL and T1(2:1) levels. The indicator keeps on updating the trailing SL as per the movement in the underlying. Once, T1 is achieved, the indicator automatically plots T2 (3:1). The indicator also gives out real-time markings on the chart as soon as the SL or T2 is achieved.
Instruments to Trade : Bank Nifty Futures / Commodities
Time Frame to be used : 15 minutes
RR : 1:2 / 1:3
The indicator works differently for Bank Nifty Futures and Commodities. A filter has been provided in the settings section of the indicator with 2 options - 1. BNF & 2. C&C.
HIGHLY RECOMMENDED TO CHANGE SETTINGS FOR BANK NIFTY FUTURES AND COMMODITIES AS MENTIONED ABOVE OR THE INDICATOR MIGHT GIVE FALSE ALERTS!
The indicator is based on the system taught by my mentor Mr. Arjun Bhatia and it gives you entry, trailing and exit signals using a combination of multiple indicators based on - price action, volatility and trend analysis.
The indicator gives out an alert once all entry/exit conditions are met. Once the high/low (high in case of long alert, low in case of short alert) of alert candle is broken, the trade is to be initiated and the indicator plots SL and T1(2:1) levels. The indicator keeps on updating the trailing SL as per the movement in the underlying. Once, T1 is achieved, the indicator automatically plots T2 (3:1). The indicator also gives out real-time markings on the chart as soon as the SL or T2 is achieved.
Instruments to Trade : Bank Nifty Futures / Commodities
Time Frame to be used : 15 minutes
RR : 1:2 / 1:3
The indicator works differently for Bank Nifty Futures and Commodities. A filter has been provided in the settings section of the indicator with 2 options - 1. BNF & 2. C&C.
HIGHLY RECOMMENDED TO CHANGE SETTINGS FOR BANK NIFTY FUTURES AND COMMODITIES AS MENTIONED ABOVE OR THE INDICATOR MIGHT GIVE FALSE ALERTS!