BANKNIFTY Signal System

This tool is made for BANKNIFTY Index of India. This system paints background for evident and clear signals based on technical analysis.

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This tool is made for BANKNIFTY Index of India. This system paints background for evident and clear signals based on technical analysis.

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This tool is made for BANKNIFTY Index of India.

This system paints background for evident and clear signals based on technical analysis.

Please DM/PM me for subscribing this indicator .

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Modified with Chandelier stop to filter non trending market and for small time frame whipsaw.

Please PM / DM me for getting trail.

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Update arrow up and down for each candle so pyramiding can be done while you are in trade.
change the Long and Short with Bullish and Bearish arrow.

Ping me for getting subscription. or join my telegram channel for getting all the details.

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This release I have filtered minor pull back which are coming in major rally.
Now BANKNIFTY Signal System is not generating any whipsaw in major rally.

15 minute, 30 minute and 60 minute chart is giving good results.

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Alert get added when triangle Bullish and Bearish shape will come.

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Revert back trend following as many good moves are missing with new change in system.

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changing code for Gap up and Gap down and marking that area as rectangle red for gap down and rectangle green for gapup.

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Updated code for configurable Gap-up Gap-down display.
So if you check the box for Highlight Gap up and Gap down then you can able to see those area where price is having Gaps between consecutive 2 candles.

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I have added ANN function to improve the exiting result. And I modified Sirof2009 ANN function as per BANKNIFTY requirement. Thanks to Sirof2009 .

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Made changes to avoid repaint like below suggested by PineCoders Community

1) calc_on_every_tick = false
2) security(_symbol, _res, _src, _repaint)

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Today I have made changes regarding shapes, color and text of signals to make more visible.
One more changes is done regarding algorithm to reduce repaint in lower time frame.

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Updated code for more signals and code corrected for Bullish Signal during gap-up and Bearish Signal during gap-down

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Added Higher High and Lower low support resistance and pivot points for any time frame, default time frame is 60 minute. Its configurable you can on and off this feature.

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Gapup midline formation was not happening that i have fixed now.

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Color code of gap-up and gap-down is changed so it can be visible clearly.