INTRODUCTION :
This is a daytrading/swing strategy designed mainly for indian market where internally has been adapted to NIFTY market and as well using for internal calculations the values of the candles from NIFTY asset.
With it we search to use with the most correlated asset from the indian market.
For this example I choosed BANKNIFTY
STRATEGY:
The...
A Back-tested Profitable Strategy for Free!!
A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets
The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) Price crosses above ema1...
Trend Following using Channel based Script. Long and Short Entry based on Custom filter to avoid False Signal.
Works best for BankNifty and Nifty and few Indian Stocks.
Untick Exponential gives better Result.
JARVIS is a technical indicator primarily designed for Nifty Bank. But, it also works on other instruments like stocks for example. You may apply it on other instruments if you find it useful.
Once the indicator is plotted, it will have bars with 3 colours
1) Blue - It's watching
2) Green - It's bullish
3) Red - It's bearish
So, it's that easy to interpret....
![RELIANCE: PIVOT STRATEGY [INDIAN MARKET TIMING]](https://s3.tradingview.com/8/8IKrRZAb_mid.png "PIVOT STRATEGY [INDIAN MARKET TIMING]")
