BANKNIFTY Auto-Trading Indicator based on Market Internals

Dear Fellow Traders,

This indicator for BankNifty INTRADAY trading is based on Market Internals - Advance/Decline Volume and TICK

These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.

Just doing some technical analysis on Price action doesn't provide good results.

Price action along with Volume gives a meaningful insight and helps in improving the accuracy.

But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement.

We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. And this tool provides the exact feature.

In a nutshell,
1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME
2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME , WHICH HELPS IN DECIDING THE MARKET DIRECTION.

P.S: This is an Invite-only indicator. Inbox me for getting access.

發行說明

Changes done:
1) Optimized the Trailing Stop loss levels for better accuracy
2) Modified the Buy and Sell signals visuals for better user understanding
3) Updated the alert signals for auto strike price selection
4) Updated current month's (April 2021) BankNifty stocks' weightage
5) Included AU Small Finance Bank in the BankNifty weightage as it is newly included in the Index in this month

發行說明

- Added SuperTrend and Opening Range in the logic
- Updated the Entry and exit points
- Optimized the Stop Loss and Target points
- Modified labelling flags for better understanding

Usage Instructions:
The Indicator works only on BANKNIFTY Index 5 mins timeframe
For Autotrading, Alert conditions can be setup to automatically place orders in the broker portal

發行說明

- Optimized the Advance/Decline volume ratio for better accuracy
- Modified the wait time parameter for Target and Stoploss

發行說明

- Updated Stock Weightages of BankNiftyIndex Constituents

僅限邀請腳本

僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡mohamedmuzamil008。

TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。

作者的說明

Kindly DM / WA 9976515330 - For getting access - For setting up the alerts for complete automated trading - For checking the historical performance

警告：在申請訪問僅限邀請的腳本前，請先閱讀我們的指南。

mohamedmuzamil008

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。

僅限邀請腳本

TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。

作者的說明

Kindly DM / WA 9976515330 - For getting access - For setting up the alerts for complete automated trading - For checking the historical performance

警告：在申請訪問僅限邀請的腳本前，請先閱讀我們的指南。

mohamedmuzamil008