Strategy:Reversal-CatcherWhat
This is a plain and vanilla reversal based strategy for intraday (15m) timeframe on Futures prices of the assets.
Now what all it comprises of?
It finds out the dynamic support & resistance from Bollinger Band (20 period, 1.5 std dev).
It finds out the potential divergence of price deviation from 5 period exponential moving average (EMA).
If the previous candle (N-1) shows a divergence it confirms the reversal by checking the present candle (N) to be closed inside the Bollinger Band.
It confirms the momentum by checking RSI shows a crossover/crossunder to oversold (30) / overbought (70) region.
It also confirms whether the trend is up (then only reversal trade to short) or down (then only reversal trade to long). The trend is checked with EMA-21 and EMA-50.
Re-affirmation Condition : It re-affirms the position of two successive candles called as `hhLLong` and `hhLLShort` in the script.
Why
In Indian context, retail participants are pre-dominantly (yes- 80% of Indian daily volume) Options buyers mainly in weekly indices (Nifty, BankNifty, FinNifty, CNXMidcap, Sensex, Bankx .. well everyday is expiry now in India, except -- Thank God -- Saturday & Sunday).
And in Index Options the momentum plays a big role.
If one can catch a good reversal point the potential of high Risk-to-Reward trade (hence earn handsomely) is very likely (please note: there is no holy grail in trading. Nothing works 100%).
So this is the attempt to catch a reversal.
Re-affirmation of Reversal
hhLLong : It's a reversal point after an uptrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLong in script.
hhLLShort : It's a reversal point after a downtrend. It checks the relative positioning of current candle compared to that of previous candle. [The details are in the script. Check for variable hhLLShort in script.
Unique-ness
What's unique in it? Why we decided to publicly share this:
Already given the context of The Great Indian Options Buyers community. It should be helpful to them, we believe.
It takes Very Less Number of Trades with High Accuracy . Please check the result in NSE:NIFTY1! in 15m timeframe. 71% accuracy with roughly a trade in a month.
There is no point giving brokers' the brokerages taking 10 trades a day and ending not-so-good EoD. Better lets take less trades with better result possibility. .
Mention
There are many people uses this variation of Bolling Band, 5EMA
Many people use RSI, trends and relative positioning of candles.
--> We are grateful to all of them. It's really difficult to mention everyone's name. But all people somehow influence the thought process. Thanks for all of them.
Statutory Disclaimer
There is no silver bullet / holy grail in trading. Nothing works 100% time. One has to be careful about the loss (s)he can bear in case of the trade goes against.
We, as the author of this script, is not responsible for any trading or position decision one is taken based on the outcome of this.
It is our sole discretion to change, add, delete the portion or withdraw the whole script without any prior notice or intimation.
In Indian Context : We are not SEBI registered, will never be SEBI registered.
Bankniftytradesetup
9:22 5 MIN 15 MIN BANKNIFTY9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters
The 9:22 5 MIN 15 MIN BANKNIFTY Strategy with Additional Filters is a trend-following strategy designed for trading the BANKNIFTY instrument on a 5-minute chart. It aims to capture potential price movements by generating buy and sell signals based on moving average crossovers, breakout confirmations, and additional filters.
Key Features:
Fast MA Length: 9
Slow MA Length: 22
ATR Length: 14
ATR Filter: 0.5
Trailing Stop Percentage: 1.5%
Pullback Threshold: 0.5
Minimum Candle Body Percentage: 0.5
Use Breakout Confirmation: Enabled
Additional Filters:
Volume Threshold: Set a minimum volume requirement for trades.
Trend Filter: Optionally enable a trend filter based on a higher timeframe moving average.
Momentum Filter: Optionally enable a momentum filter using the RSI indicator.
Support/Resistance Filter: Optionally enable a filter based on predefined support and resistance levels.
Buy and Sell Signals:
Buy Signal: A buy signal is generated when the fast moving average crosses above the slow moving average, with additional confirmation from breakout and volume criteria, along with optional trend, momentum, and support/resistance filters.
Sell Signal: A sell signal is generated when the fast moving average crosses below the slow moving average, with similar confirmation and filtering criteria as the buy signal.
Exit Strategy:
The strategy employs a trailing stop-loss mechanism based on a percentage of the average entry price. The stop-loss is dynamically adjusted to protect profits while allowing for potential upside.
Please note that this strategy should be thoroughly backtested and evaluated in different market conditions before applying it to live trading. It is also recommended to adjust the parameters and filters according to individual preferences and risk tolerance.
Feel free to customise and adapt the description as needed to suit your preferences and the specific details of your strategy.
BankNifty 5min Supertrend Based StrategyBankNifty 5min Supertrend Based Strategy, Intraday.
Work Best at 5mint chart on BankNifty.
The strategy is designed to trade using the Supertrend indicator with session-based rules, and risk management. It allows for customization through input variables and aims to provide a clear visual representation of the Supertrend by changing the color .
The script also includes input variables for the trading session and date range, which allows the trader to specify the time period in which they want the strategy to run. The session variable specifies the start and end times of the trading session, which in this case is set to the Indian trading session from 9:15 am to 3:10 pm.
The strategy starts by defining input variables such as the session time, start and end date for the backtesting, the length of the ATR, and the Supertrend factor. It also includes options for delay at session start and stop loss points and trail percentage .
The code then checks if the current time is within the specified session and date range . If it is, the Supertrend and its direction are calculated using the defined input variables. The strategy then waits for N numbers of candles (defined by the User) to form at the start of every session i.e. 09:15 AM before entering a trade.
The entry and exit conditions for long and short trades are defined based on the change in the Supertrend direction and the number of candles formed at the session start i.e. 09:15 AM . After that, it takes entry and exit for long and short trades on the change in the Supertrend direction . Stop-loss and trailing stop-loss are also defined based on the input variables.
Stop-loss (Defined by the user) is fixed points either below or above the Entry Price for Long and Short entries.
The Supertrend plot is displayed with changing colors depending on the direction. Finally, the strategy closes all trades at the end of the session if there are any open trades.
Overall, this strategy aims to trade with the Supertrend indicator using session-based rules and risk management.
However, as with any trading strategy, it is important to thoroughly test it before using it in live trading .
yuyutsu-banknifty-beta"yuyutsu-banknifty-beta" indicator is a strategy especially made for NSE/BSE Banknifty. Strategy has various sub strategies which can be selected to check back tested accuracy and profit factor. Strategies works best on 3m /15m for intraday. Sub strategy "Swing" can be applied on either nifty and banknifty.
I have also added checkboxes for 3m/15m which implictly selects best combination for desired results.
Below are the sub strategies which user can use and perform back testing.
HMA
Daily Weekly Closing
Daily Monthly Closing
Pivot
Previous day open close
Gap up/down
75m analysis
ORB
Swing
TDI
VMWA
VWAP
Ripster clouds
Aditya Signal 1.1 BankNifty Intra-Day Trading IndicatorThis is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for intra-day Bank Nifty Index which is traded on NSE(India). The same strategy can used for Nifty, Stocks and other indices also by adjusting the inputs.
The detailed description about the indicator is as follows:
Long Period: Period for calculating Primary Signal Line (Yellow).
Long Period Input Source: Input for calculating Primary Signal Line.
Short Period: Period for smoothing the Primary Signal Line.
Short Period MA: Method for smoothing the Primary Signal Line.
No. of ATR Bars: No. of ATR bars for calculating Primary Signal Line.
ATR Multiplier: ATR multiplier for ATR calculation.
Trade Trigger: Value above or below of Primary Signal Line for Long or Short signal. The dotted lines in Green and Red color represents the same.
Bar Crossover Input Source: Current bar input for additional signal confirmation above or below Primary Signal Line.
Bars Above Signal High: No. of bars closing above Secondary Signal Line (Blue)
Bars Below Signal Low: No. of bars closing above Secondary Signal Line (Purple)
No. of bars crossover method uses certain no. of bars for closing above High or Low of the crossover of closing price and the Primary Signal Line in combination with Trade Trigger. The idea behind this design is to avoid fake signal due sudden spike in price. Also, this ensures that price consolidates above High in case of Long signal confirmation and vice-versa. By increasing no. of such bars, we can anticipate, how much time it takes for short-term and long-term trend reversal.
Depending upon the time-frame, just by observing the High and Low of previous crossover of closing price and Primary Signal Line, we will have better understanding of undercurrent of market.
By using different combination of Trade Tigger value and no. of bars above and below, we can anticipate better trend confirmation.
The various combinations of price source of Long Period Input Source and Bar Crossover Input Source, the Short Period MA method shows promising results. Kindly PM me for these optimum settings for other financial instruments.
It always better to book partial profit after getting into the trade which increases the odds. The default trade quantity is 2. We book 1 quantity after our partial profit target is reached and let the remaining quantity be in the trade until the reversal of trend. By enabling or disabling the same we can determine the profit or loss from historical trade from when the trade quantity is 1. Just remember to change the default quantity to 1 in Order Size from properties when you disable the Take Partial Profit option.
Take Partial Profit: Whether to book partial or not as explained above.
Partial Profit Points: It always better to book partial profit after trend getting into the trade. The default trade quantity is 2. We book 1 quantity after our partial profit target is hit and let the remaining quantity in the trade until the reversal of trend.
Instrument Type: We can select the which instrument for analysis. By adjusting the Take Partial Profit value by selecting Other Option, you can analyze instrument of your choice other than mentioned in the list for Partial Profit depending upon stock tick value and lot quantity or you can PM me. I have adjusted value for Crude Oil and Silver for MCX(India) future contract values.
This is a premium indicator so send me a private message for 15 days free trial.
"Use the link below to obtain access to this indicator."
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks and costs associated with trading the financial markets.
