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.
Nifty50
Adam H Grimes - Keltner Channels with Day's High & LowThe indicator shows the day's high and low along with the Keltner Channels.
Keltner Channel Period - 20
Keltner Channel Multiple - 2.25
Dhananjay Volatility stop strategy v1.0
Sharing one more strategy after getting good feedback on my earlier published strategy.
This is simple volatility stop strategy where in we are using VStop as entry and exit point.
Again smart traders can add MA to decide the trend and can avoid trading in opposite direction of trend which will help them to minimize loss making trades.
There are more than 1 parameters which traders can use/change to make this strategy compatible to their instrument.
To understand what is VStop use google.com :-)
Looking forward to receiving feedback from all of you.
HL MovingAvg2Line Cross Dhananjay
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long only if price is in up trend on higher time frame charts and go short when price is down trend of higher time frame charts.
Stop loss, target and other things can also be decided by the trader.
Idea is to capture the short term trend to trade in FnO or 2/3 days position in underlying instrument.
Traders can optimise the length of the Moving average so that your traded is set for maximum profit giving settings for this strategy. Different instruments responds to different moving averages because of different volatility.
Idea is to go long when price closes above 9 days EMA of Highs and exit and go short whenever price closes below 9 days EMA of lows, exit short when first condition meets after short trade.
I ma not that good with scripts, have many such ideas, interested script writers can get in touch with me so that we can create trading systems which have grater success rate .
ChartAdvise_Action_ReactionThis script has finetuned the dynamic shifting of prices seen in the previous script.
NIFTY Trend OverlayThis will be useful to check with other NSE stocks and give real time updates on NIFTY trend on top of your stock of interest. The percentage change from previous day and a 3 bar immediate trend has been aggregated to show the trend
