This indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results.
Guidelines :-
1. Timeframe - 5 min 2. Period should be changed on daily basis(if required) for index trading. 3. Period value would be basically derived from IND VIX value (closest integer) divided by 2. Ex 1. If the VIX value is 23.56, then it will be consider as 24. So the period value will be 24/2= 12. Ex 2. If the VIX value is 23.10, then it will be considered as 24. So the period value will be 24/2= 12. Ex 3. If the VIX value is 22.88, then it will be considered as 22. So the period value will be 22/2= 11. 4. Period value should be fixed at 20 for equity stocks. 5. DO NOT take any SWING or POSITIONAL trade with this indicator. 6. You have to take almost all the trade generated by this indicator on a particular stock/index for better results. 7. Signal confirmation is required for enter the trade as it will give you maximum profits. 8. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal. 9. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios. 10. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios. 11. You have to avoid entering a trade on a round level zone. Eg- Banknifty 37000,35500,40000 etc etc.
BUY Trade Management :-
1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated with confirmation of its respective indices (Recent candle of respective index should be similar to the signal candle). *in case of BankNifty , Nifty will be its respective index and vice-versa. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the LOW of the signal generated candle. 4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated. 5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures.
SELL Trade Management :-
1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated with confirmation of its respective indices (Recent candle of respective index should be similar to the signal candle). *in case of BankNifty , Nifty will be its respective index and vice-versa. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the HIGH of the signal generated candle. 4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated. 5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures.
Disclaimer :-
*I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well.
Instructions to access to this invite-only script:-
*Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
Versionshinweise
⋅
Guidelines:-
2. Period should be changed on daily basis(if required) for index trading. 3. Period value would be basically derived from IND VIX value (closest integer) divided by 2.
These two lines from guidelines are combining to one and read as follow:-
2. Period value should be fixed at 10 for index trading. Ex- Nifty and BankNifty Period value should be 10 for everyday until further updates.