INVITE-ONLY SCRIPT
已更新 Nifty's Indicator
This Indicator is only for Indian market and works only on 'Nifty' and 'Banknifty'. Please don't use it in any other stock/indices.
Use it in only in 3m and 1m timeframe. No other timeframe is to be used.
This indicator gives only sell signals on intraday basis.
When you apply this indicator on charts then you will see 2 things ploted there.
1. Barcolor
2. Background color
Barcolor :
We have use unique trend analysing tool in this indicator, which identifies price is in Uptrend or Downtrend. If price is in uptrend
then candle color will become GREEN and it will remain green until price comes in downtrend. In downtrend candle color becomes RED.
Background color :
We have observed that price behaves a certain way when it is in downtrend. So we try to catch that behaviour of Nifty and Banknifty .
And when ever we observe that behaviour, a red color background is formed in background. This red color background indicates user that
price may fall now.
HOW TO USE :
ENTRY => You should trade only on 3m timeframe. When you see a RED COLOR candle inside RED ZONE then take a SELL trade. That means red background
is indicating that price may fall and red color bar also indicating the same. And your entry should be in between 09:15-10:30 and 12:30-14:55.
This is the time slot when price is volatile.
EXIT => You exit when red zone ends or the trading day ends.
BACKTESTING :
Based on these entry and exit conditions , we have backtested this strategy ( taking only 1 share when sell signal comes ). You can see down arrow on
chart when sell signals comes and uparrow when we exit from trade.
Use it in only in 3m and 1m timeframe. No other timeframe is to be used.
This indicator gives only sell signals on intraday basis.
When you apply this indicator on charts then you will see 2 things ploted there.
1. Barcolor
2. Background color
Barcolor :
We have use unique trend analysing tool in this indicator, which identifies price is in Uptrend or Downtrend. If price is in uptrend
then candle color will become GREEN and it will remain green until price comes in downtrend. In downtrend candle color becomes RED.
Background color :
We have observed that price behaves a certain way when it is in downtrend. So we try to catch that behaviour of Nifty and Banknifty .
And when ever we observe that behaviour, a red color background is formed in background. This red color background indicates user that
price may fall now.
HOW TO USE :
ENTRY => You should trade only on 3m timeframe. When you see a RED COLOR candle inside RED ZONE then take a SELL trade. That means red background
is indicating that price may fall and red color bar also indicating the same. And your entry should be in between 09:15-10:30 and 12:30-14:55.
This is the time slot when price is volatile.
EXIT => You exit when red zone ends or the trading day ends.
BACKTESTING :
Based on these entry and exit conditions , we have backtested this strategy ( taking only 1 share when sell signal comes ). You can see down arrow on
chart when sell signals comes and uparrow when we exit from trade.
版本注释
This Indicator is only for Indian market and works only on 'Nifty' and 'Banknifty'. Please don't use it in any other stock/indices.Use it in only in 3m and 1m timeframe. No other timeframe is to be used.
This indicator gives only sell signals on intraday basis.
When you apply this indicator on charts then you will see 2 things ploted there.
1. Barcolor
2. Background color
Barcolor :
We have use unique trend analysing tool in this indicator, which identifies price is in Uptrend or Downtrend. If price is in uptrend
then candle color will become GREEN and it will remain green until price comes in downtrend. In downtrend candle color becomes RED.
Background color :
We have observed that price behaves a certain way when it is in downtrend. So we try to catch that behaviour of Nifty and Banknifty .
And when ever we observe that behaviour, a red color background is formed in background. This red color background indicates user that
price may fall now.
HOW TO USE :
ENTRY => You should trade only on 3m timeframe. When you see a RED COLOR candle inside RED ZONE then take a SELL trade. That means red background
is indicating that price may fall and red color bar also indicating the same. And your entry should be in between 09:15-10:30 and 12:30-14:55.
This is the time slot when price is volatile.
EXIT => You exit when red zone ends or the trading day ends.
BACKTESTING :
Based on these entry and exit conditions , we have backtested this strategy ( taking only 1 share when sell signal comes ). You can see down arrow on
chart when sell signals comes and uparrow when we exit from trade.
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系KapoorChandra。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
If needed access then contact me. Whatsapp 9911706040 or kapoorballu8@gmail.com
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。
仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系KapoorChandra。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
If needed access then contact me. Whatsapp 9911706040 or kapoorballu8@gmail.com
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。