NIFTY / BANKNIFTY ETF SIP NOTIFIERNIFTY / BANKNIFTY - ETF SIP NOTIFIER
STUDY concept -
- As a market investor, one cannot time the market.
- Specailly, working professionals and job holders don't have time for market tracking.
- The idea of the script is - When Nifty closes below 2% previous day high, market has corrected and it's available at a discount w.r.t. previous day
- One can then invest in NIFTY / BANKNIFTY via ETF option on same or next day.
- If you like this idea, Save this script and add alert condition of this script in NIFTY / BANKNIFTY chart.
- One can get notification on TradingView mobile app or via email when the criteria is met.
- Logic can be applied to investing in INDEXES , NIFTY, BANKNIFTY.
Logic may be improved later.
NOTE - Investing is a serious and risky business. Profit / Loss from this investing idea is sole responsibility of the investor. This script is for education and learning purpose.
BANKNIFTY
BNF VWAP & MAThe script picks up Bank nifty stocks with their current respective weights and plots a Volume Weighted Average Price ( VWAP ) line along with 2 EMAs of your choice and an alert when the EMAs cross over and also when price crosses VWAP .
You can customize the script for MA type and lengths and to remove alert. Basic utility of the script is to analyse volumes driving the Bank Nifty index.
Credits to @daytraderph and his script (Custom Volume ) who's code I used to build this script. Also thanks to my friend @Varun who helped me code it.
{INDYAN} Dual Supertrend#Always follow MAJOR trend, find MINOR trend as per Major trend and choose entry/exit accordingly .
Suppose major trend is blue so only go long while inside minor trend is green, when it turns RED exit from long but dont short in BLUE i.e. major uptrend and vice versa for downtrend i.e. major should be pink and minor should be red for short and when it turn green under pink just exit the sort.
By default major trend is set to 15 Minutes which is generally good for index, and 1 hour should be for stocks. You can change it through settings.
My recommendation for index is major should be 15 minutes and minor 5 and for stocks major should be 1 hour and minor 15 minutes.
It can be used with index,stocks and commodties.
Hope it will help my trader friends.
Happy Trading...
Love INDYAN
The_Redticker's Intraday IndicatorThis is a simplistic indicator capable of predicting Intraday Reversal regions for almost any chart on NSE/BSE (Indian Stock Exchanges)
Notes for Usage:
Best works when used on both indexes NIFTY and NIFTYBANK simultaneously in correlation. Its easy to understand that correlation, any one using it should spot it in a few days
Also, should only be used on 3 or 5 mins timeframe.
ENTRY:
The Inner regions marked by Red and Green lines are to be used for entries. Can look for both long and short reversal on either zones, can be teamed with other oscillators for better understanding.
Basically, when the CMP enters either Red or Green Zone, look for a long or short entry at the close outside the zone on 3 or 5 mins timeframe with the other side of the zone as stoploss trigger price.
While the Purple line on either side indicates the target zones.
P.s. If entering Short reversal at the Red Zone, then Green zone can also serve as first target and Purple zone as the final target depending on Market momentum. Vice-versa for entry at Long reversal at Green zone too.
Note: This indicator is most of the time absolutely correct, but needs to corrected every few months for VIX change. If and when that is done next will update it to show a NOTE on chart regarding that.
Look at any Index ideas on my profile to see live examples.
Bank Nifty Weighted Money FlowThe indicator comprises of 2 areas ( one in green and another in red ) that depict the money flowing in and out the underlying 12 banks under BANK NIFTY index
The money flowing in and flowing out is calculated by identifying the buying pressure and selling pressure of each of 12 underlying banks within a 15 minute period ( which is internally further broken down by 15 one minute candles ), there by identifying the buy volume and sell volume multiplied by the price of the stock for the given minute aggregated for 15 minutes
The derived value for each bank is further weighted as per their weight in the index ( as of May 2nd 2020 ) and then summed up separately for both money flowing in and flowing out and plotted which shall help traders take decision based on the magnitude of money flowing in and out ( the weights shall be updated as and when the same changes in the index calculations )
The green color area represents the money flown in and the red color area represents the money that has flown out
A gradually increasing green area along with the decrease in the red area can be considered as the market is more into buying and less into selling and vice versa ( this can be observed in the chart before the rally begins , there should be an increasing green area which could potentially signifies money has started to flow in )
An equal or almost equal areas could signify a sideways market and the black line moving across shows the difference of money flowing and flowing out
Comments and feedback are welcome
Should you have any doubts or wish to access the script then please feel free to DM me.
***** The indicator works only in 15 minutes time frame *****
IndianPivotBoss_ADMINThis is a momentum index derived from the number of advances - number of declines of the stocks comprising the index.
This is called Advance Decline Momentum INdex (ADMIN).
It is a leading indicator to spot reversals.
This can be used in any time frames right from intraday to higher time frames.
By default it is configured for Bank Nifty (12 stocks).
Stocks can be changed with provision to have maximum of 12 stocks only.
How to use this while trading ?
The bars represent the 55 period ema of the momentum of difference between advances and declines
The line represent the 13 period ema of the momentum of difference between advances and declines.
If the bars are upward sloping, the color becomes blue and it becomes red if they are sloping downwards.
If the line crosses above the bars and moves past 50 with bars having blue color, it suggests a possible upward bias.
If the line crosses below the bars and moves below 50 with bars having red color, it suggests a possible downward bias.
Practice spotting in any time frames. I am confident this will form a major tool in your trading arsenal.
Respect Risk management. There is no holy grail.
Custom VolumeIdea : Idea of script is getting the volume of index BNF and NIFTY50 ( as Tradingview don't provide the volume information of the indexes )
How it works : Script works on getting the weighted volume of underlying stocks and the plotting them by weight in volume
Benefits:
1. Can server as example how, once can plot the mixed volume of symbols
2. Will help the traders who consider volume also as decision making factor while trading BNF from tradingview chart
3. Can give volume information on any TF **in my knowledge only available for premium users
Important factor to note: Weight of stocks may change time to time depending on Exchange decision.
Breadth Indicator : RVC-BNifty-Adv-Dec-LineBreadth Indicators
Summary : Script calculates Advance and Declain value based on weightage of each Bank share in BankNifty Index
Bank NIfty is not an asset and it does not have value.
It is composition based on multiple bank stocks with different weightage.
This tool display the indicator based on "Number of Stocks Moving on UP TICK" and "Number of Stocks Moving on DOWN TICK"
Currently this calculation is based on 12 stocks based on their weightage.
Axis Bank , Bank of Baroda
Federal Bank, HDFC Bank
ICICI Bank, IDFC Bank Ltd.
IndusInd Bank, Kotak Mahindra Bank
Punjab National Bank , RBL Bank
State Bank of India (SBI), Yes Bank
RVC-Weekly-Pivots-GANN-LevelsPurpose:
Weekly - Fibonacci pivot levels and Gann levels calculation and marking on Chart automatically.
Mainly expected to use for trading on NIFTY and BankNifty
Kindly share your comments and suggestions to improve
JARVISJARVIS 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.
Following are few examples on NSE:BANKNIFTY
September 20, 2019 - Indicator turned green and remained so till end of the day. If you would have followed this, you would have made more than 2000 points.
September 25, 2019 - Indicator turned red and remained so till end of the day. If you would have followed this, you would have made more than 100 points.
September 26, 2019 and September 27, 2019 - Indicator remained blue and you see that the market was just consolidating.
Above are just a few examples of what this is capable of. Apart from Nifty Bank, it also works well on popular stocks like Reliance, TCS, SBIN etc
Recommended time frame for this is 15 mins, but, you may experiment with other time frames as well. It's all about finding the right time frame for that particular instrument, for example it works best on 2H when applied on Nifty.
Should you have any doubts, feel free to DM me.
RvZ - Reversal Zones Indicator..!Hello Traders...!
Yet another indicator from myself following to my previous indicator "FIRST-5-MINUTES-ZONE-AND-HI-LO-BRKOUTS",
this is TO IDENTIFY INTRADAY REVERSAL ZONES...!!!
- It works on any time frame
- along with those zones i have added two more lines Red and Green which will be used as Intraday Resistance and Support lines .
- Pls donot expect Profit and Stop points, that is upto you.
- If market goes beyond those zones well then consider that market is trading stronger. So..trade with strict stops accordingly. If the market goes beyond those zones then LOOK LEFT for the previous zones and trade.
- 80% of time, the market respects those zones.
- The zones colours are CUSTOMIZABLE
- A simple strategy to use this in confluence with,
RSI (7) Range , EMA (100)
**** If stock trading above 100 EMA, Rsi in overbought, price in upper reversal zones, then voila...get some sack ready to fill the money...!!! same goes for opposite side *****
well then Traders, Enjoy and let's put some money in Bank....!!!!!
--cheers,
Sanjay Ramanathan