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BANKNIFTY

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.
Pine Script™ strategy
by ashokkumarsand
Bank nifty puller and Dragger Hello Guys using the below script you can check the nifty bank puller and draggers at live how to use it? it's straightforward in the table, we will see the points contribution by each bank to Bank nifty graph shows the overall strength of the buyers and sellers using graphs also you can trade but If you want to use a graph please note these important points 1:when the evergreen line cut the red line from below to top (cross-over) it says that buyers are strong but sometimes cross-over may fail and fall again 2: same things happen with the red line also 3: sometimes the graph shows that's a big difference between the red line and the green line that the market opened gap up gap down ( its difficult to define ) will update soon 4:when the market consolidates red and green lines will be very near to each other 5: when the green line is upper side the buyers are strong when the red line is upside sellers are strong (but sometimes it may mislead please be careful ) using the table you can check the overall view of all important banks according to the time frame, data will be shown this image shows the break out at 12.45 pm 2nd image shows the consolidation face of the market this image shows that directly after opening the market sellers became stronger this is how you can use the indicator you can use graph or you can use table to get the over all view of the Bank nifty
Pine Script™ indicator
by DeepakGB
6
BANKNIFTY position screenerThe script takes present day's price range of the stocks (stocks of the Index being tracked included in this screener) into account, to hint strength or weakness in the underlying Index (for example: BANKNIFTY here). The day's price range of a stock is gauged on a scale of 0-100, where 0 is Day's price low and 100 is day's price high. If a stock is in 90-100 price range section the cell with title "90" illuminates hinting the stock is trading near day's high. Likewise, if a stock is in 0-10 price range section the cell with title "10" illuminates hinting that the stock is trading near day's low. The price range of 10-25 is represented in the cell titled "25" The price range of 75-90 is represented in the cell titled "75" Only one cell from the day's range illuminates at a time for a stock, signaling the present position of that stock in the Day's range at that instant. The script works best above 10 second time frame. Idea: If majority of the heavy weight stocks of the Index being tracked are trading near Day's high the underlying Index must be going strong at that very instant and Vice versa. Disclaimer: Only for studying Index movement ideas intraday, trading is not advised.
Pine Script™ indicator
by TathaastuVats
8
BankNifty targets using VIX Version 2Original Idea Credit: Verified Market Waves Hi, After watching different videos online on how to get targets of BankNifty & Nifty decided to write this small script using VIX. Nothing great but I really like the concept of getting high and low targets for the day or weekly or monthly or yearly. What does the script do 1. We get closing of India Vix & BankNifty and Nifty 2. We get square root of Daily (365 days) | Weekly (52) | Monthly (12) & Yearly (1) 3. We divide India Vix closing with different square root to get a decimal value. 4. We use the derived value from step 3 which is used as % to calculate high and low values on BankNifty close price. Small explanation via below screen shot to understand how to use it. As always it comes with source code so you can modify as per your requirement. Hope it helps 👍
Pine Script™ indicator
by nanujogi
3
FRAMA & CPMA Strategy [CSM]The script is an advanced technical analysis tool specifically designed for trading in financial markets, with a particular focus on the BankNifty market. It utilizes two powerful indicators: the Fractal Adaptive Moving Average (FRAMA) and the CPMA (Conceptive Price Moving Average), which is similar to the well-known Chande Momentum Oscillator (CMO) with Center of Gravity (COG) bands. The FRAMA is a dynamic moving average that adapts to changing market conditions, providing traders with a more precise representation of price movements. The CMO is an oscillator that measures momentum in the market, helping traders identify potential entry and exit points. The COG bands are a technical indicator used to identify potential support and resistance levels in the market. Custom functions are included in the script to calculate the FRAMA and CSM_CPMA indicators, with the FRAMA function calculating the value of the FRAMA indicator based on user-specified parameters of length and multiplier, while the CSM_CPMA function calculates the value of the CMO with COG bands indicator based on the user-specified parameters of length and various price types. The script also includes trailing profit and stop loss functions, which while not meeting expectations, have been backtested with a success rate of over 90%, making the script a valuable tool for traders. Overall, the script provides traders with a comprehensive technical analysis tool for analyzing cryptocurrency markets and making informed trading decisions. Traders can improve their success rate and overall profitability by using smaller targets with trailing profit and minimizing losses. Feedback is always welcome, and the script can be improved for future use. Special thanks go to Tradingview for providing inbuilt functions that are utilized in the script.
Pine Script™ strategy
by chhagansinghmeena
44
AI-Bank-Nifty Tech AnalysisThis code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style. The code imports an external script called BankNifty_CSM, which likely contains functions that calculate technical indicators such as the RSI, MACD, VWAP, and more. The code then defines several table cell colors and other styling parameters. Next, the code defines a table to display the technical analysis of eight bank stocks in the Bank Nifty index. It then defines a function called get_BankComponent_Details that takes a stock symbol as input, requests the stock's OHLCV data, and calculates several technical indicators using the imported CSM_BankNifty functions. The code also defines two functions called get_EngulfingBullish_Detection and get_EngulfingBearish_Detection to detect bullish and bearish engulfing candles. Finally, the code calculates the technical analysis for each bank stock using the get_BankComponent_Details function and displays the results in the table. If the engulfing input is enabled, the code also checks for bullish and bearish engulfing candles and displays buy/sell signals accordingly. The FRAMA stands for "Fractal Adaptive Moving Average," which is a type of moving average that adjusts its smoothing factor based on the fractal dimension of the price data. The fractal dimension reflects self-similarity at different scales. The FRAMA uses this property to adapt to the scale of price movements, capturing short-term and long-term trends while minimizing lag. The FRAMA was developed by John F. Ehlers and is commonly used by traders and analysts in technical analysis to identify trends and generate buy and sell signals. I tried to create this indicator in Pine. In this context, "RS" stands for "Relative Strength," which is a technical indicator that compares the performance of a particular stock or market sector against a benchmark index. The "Alligator" is a technical analysis tool that consists of three smoothed moving averages. Introduced by Bill Williams in his book "Trading Chaos," the three lines are called the Jaw, Teeth, and Lips of the Alligator. The Alligator indicator helps traders identify the trend direction and its strength, as well as potential entry and exit points. When the three lines are intertwined or close to each other, it indicates a range-bound market, while a divergence between them indicates a trending market. The position of the price in relation to the Alligator lines can also provide signals, such as a buy signal when the price crosses above the Alligator lines and a sell signal when the price crosses below them. In addition to these, we have several other commonly used technical indicators, such as MACD, RSI, MFI (Money Flow Index), VWAP, EMA, and Supertrend. I used all the built-in functions for these indicators from TradingView. Thanks to the developer of this TradingView Indicator. I also created a BankNifty Components Table and checked it on the dashboard.
Pine Script™ indicator
by chhagansinghmeena
38
Weekly Options Expiry Candle V.2In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe. My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features. You can use this in any intraday time frame candle. It will show: All expiry candle in box format Expiry OHLC label Pivot (Floor or Fibonacci) based on expiry OHLC data Developing Expiry candle and Pivot A table showing expiry range(high-low) and Expiry body abs(open-close) stats. You can turn on or off any feature. Please let me know if you found this script useful or have any questions or suggestions. NSE:BANKNIFTY NSE:NIFTY
Pine Script™ indicator
by tanayroy
13
Commercial FV PriceTrend V1Hello Traders , This is a trend trading Indicator where support and resistance and demand zone has been mentioned , It plots according to the trend change . Important point of the indicator is at time when we enter , just on the bases of buy and sell we enter and most of the time market takes out our SL or market reverses or trend changes , There comes the zones part and its functionality is mentioned in the images below and entry is only confirmed only when the candle penetrates inside the any of the zone be that be Resistance zone or Demand Zone and then breaks the low of the Zone (if trend is bearish) then only one can take short position and high of the zone should be the Stoploss ... Similarly if the trend is bullish and price is between Resistance and Demand Zone , if the price breaks the resistance and continue no long position can be taken , atleast for once it should penetrates back inside the Resistance Zone and then breaks the high of the zone that time long entry will become valid and low of the zone will be the Stoploss and 1:3 Risk Reward . By the way this can work with any type of market. However I concluded Intraday levels too which can be turned off according to user comfortability along with mean channel . Aqua defines BULLISH TREND RED defines BEARISH TREND Rules for exit lONG Exit= Candle closes below Zone Low Short Exit =Candle closes above Zone high ----------------- Disclaimer Copyright by FaizanNawazz. The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators are only for educational purposes! Happy Trading!
Pine Script™ indicator
by FaizanNawazz
4
Strategy: Range BreakoutWhat? In the price action, levels have a significant role to play. Based on the price moving above/below the levels - the underlying instrument shows some price-action in the direction of breakout/breakdown. There are plenty of ways level can be determined. Levels are the decision point to take a trade or not. But if we make the level derivation complex, then the execution may get hamper. This strategy script, developed in PineScript v5, is our attempt at solving this problem at the core by providing this simple, yet elegant solution to this problem. It's essentially an attempt to Trade Simple by drawing logical (horizontal) lines in the chart and take actions, after multiple associated parameters confirmation, on the breakout / breakdown of the levels. How? Let us explain how we are drawing the levels. We are depending on some of the parameters as described below: Open Range : During intraday movement, often if prices move beyond a particular level, it exibits more movement in the same swing in same direction. We found out, through our back testing for Indian Indices like NSE:NIFTY , NSE:BANKNIFTY or NSE:CNXFINANCE the first 15m (i.e 09:15 AM to 09:30 AM, IST) is one of such range. For Indian stocks, it is 9:15 to 9:45. And for MCX MCX:CRUDEOIL1! it's 5:00 pm to 6:00 pm. There are our first levels. PDHCL : Previous Day High, Close, Low. This is our next level VWAP : The rolling VWAP (volume weighted average price) In the breakout/breakdown of the Open Range and Previous Day High/Low, we are taking the trade decisions as follows using CEST principle: C onditions : If current bar's (say you are in 5m timeframe) closing is broken out the Open Range High or Previous Day High, taken a Buy/Long decision (let's say buying a Call Option CE or selling a Put Option PE or buying the future or cash). If current bar's (say you are in 5m timeframe) closing is broken down the Open Range Low or Previous Day Low, taken a Sell/Short decision (let's say buying a Put Option CE or selling a Call Option PE or selling the future or cash). Additionally, and optionally (default ON, one can turn off): we are checking various other associated multiple confirmations as follows: 1. Momentum : Checking 14-period RSI value is more than 50 or less than 50 (all parameters like period, OB, OS ranges are configurable through settings) 2. Current bar's volume is more than the last 20 bars volume average. How much more - that multiplier is also configurable. (default is 1) 3. The breakout candle is bullish (green) or bearish (red). E ntry : All of these happens only on the closing of the candle . Means: Non Repainting! . Clearly in the chart we are showing as green up arrow BO (breakout for buy) and red down arrow BD (breakdown for sell) to take your decision process smooth. So, on the closing of the decision BO/BD candle we are entering the trade (with a thumping heart and nail biting ...) S top Loss : We are relying on the time tasted (last 40 years) mechanism of Average True Range (ATR) of default 14 period. This default period is also configurable. So for Long trades: the 14 period ATR low band is the SL. For Short trades: the 14 period ATR high band is the SL. T arget : We are depending on the thump rule of 1:2 Risk Reward. It's simple and effective. No fancy thing. We are closing the trade on double the favorable price movement compared to the SL placed. Of course, this RR ratio is confiurable from the settings, as usual. What's Unqiue in it? The utter simplicity of this trading mechanism. No fancy things like complex chart pattern, OI data, multiple candlestick patterns, Order flow analysis etc. Simple level determination, Marking clearly in the chart. Making each parameter configurable in Settings and showing tooltip adjacent to the parameter to make you understand it better for your customization, Wait for the candle close, thus eliminating the chances of repainting menace (as much as possible) Additional momentum and volume check to trade entry confirmation. Works with normal candlestick (nothing special ones like HA ...) Showing everything as a Summary Table (which, again can be turned off optionally) overlaying at the bottom-right corner of the chart, Optionally the Summary Table can be configured to alert you back (say you get it notified in your email or SMS). That way, a single, simple, effective trade setup will ease your journey as smooth sail as possible. Mentions There are plenty of friends from whom time to time we borrowed some of the ideas while working closely together over last one year. From tradingview community, we took the spirit of @zzzcrypto123 awesome work done long back (in 2020) as the indicator "ORB - Opening Range Breakout". (We tried to reach him for his explicit consent, unable to catch hold of him). Some other publicly available materials we have consulted to get the additional checks (like RSI, volume). Lat word Use it please and thank you for your constant patronage in following us in this awesome platform. Let's keep growing together. Disclaimer : This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time. We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Pine Script™ strategy
by pradipandsuvra
15
BankNifty_Bullish_Intraday The script uses following mechanism to give a signal of BUY if multiple parameters evaluated are all passed. ENTRY- 1. 5 min MACD should be more than its previous tick 2. 15 min MACD should be more than its previous tick 3. 60 min MACD should be more than its previous tick 4. ADX should be more than 12 5. RSI should be more than 60 6. Stochastic %k should have cross over with %d 7. Bollinger band upper band value should be more than previous tick EXIT If the 5 min bar price closes below 5 min EMA , it gives an exit signal.
Pine Script™ strategy
by makarandpatil
2
BankNifty_Bearish_Intraday The script uses following mechanism to give a signal of SELL if multiple parameters evaluated are all passed. ENTRY- 1. 5 min MACD should be less than its previous tick 2. 15 min MACD should be less than its previous tick 3. 60 min MACD should be less than its previous tick 4. ADX should be more than 12 5. RSI should be less than 40 6. Stochastic %k should have negative cross over with %d 7. Bollinger band lower band value should be less than previous tick EXIT If the 5 min bar price closes above 5 min EMA , it gives an exit signal.
Pine Script™ strategy
by makarandpatil
2
StockCloud_Chopiness This indicator describes the state of the market. If the region is under green shades, you could take trade based on your other criterias and if its red , the market is chopping and it is not advisable to take the trade. This works for BANKNIFTY spot chart and ideally on a 5 min Time frame. Do not use this alone but use it best with Price Action. Also ignonre this indicator values on sudden spike candles, wait for the PA and indicator behaviour to take the trade. Green signifies the possibility of being in a trend state and doesnt mean a long condition and red in a consolidation / trap state and doesnt mean a short condition.
Pine Script™ indicator
by Stock_Cloud
NSE Sector PerformanceUse this indicator on daily timeframe This indicator shows the performance of the top NSE Sectors for 4 time periods. User has the flexibility to define the time periods (ex. Yearly Monthly Quarterly Weekly Daily indicator shows the performance of the sector for those time periods along with 250d High/Low and distance from the High/Low User input is provided to drill down into performance of the top stocks in those sectors.
Pine Script™ indicator
by ILuvMarkets
13
ILM NSE Futures - Open Interest Analysis - FnOUse this indicator on Daily Timeframe This script works only on India NSE Futures (Indices and Fno Stocks) This script pulls Stock/Index Price/Volume Info + Futures Current/Next Price/Volume/Open Interest Info Calculates the Combined OI and identifies the OI Buildup based on the Price Change and color codes the info for easy reading This script also calculates Stock/Futures Volume action to identify if big players are aggressively trading in Futures Also OI Buildup to Future Volume is calculated to track the presence of big players. Summary Row is displayed at the bottom which shows Futures Premium/Discount to Index/Stock
Pine Script™ indicator
by ILuvMarkets
15
Seasonality Overnight Gaps - Tabular Form Use this indicator on Daily Timeframe This script calculates the overnight gaps above a specific threshold (that can be set through input parameters) and displays the data in a tabular form with Year in the rows and the day of the week in the columns. Also a summary row is displayed at the bottom for day of the week. Detailed Gap info is displayed as tooltip for the cell data Gap - Open should be outside the previous day's Open and Close Gap % - open/prev. close - 1 if Gap is there
Pine Script™ indicator
by ILuvMarkets
Seasonality DOW - Day Of the Week - Tabular FormUse this indicator on Daily Timeframe This indicator displays the seasonality data for any instrument (index/stock/ futures /currency) in a tabular data by day of the week - DOW ( Sun - Mon - Tue - Wed - Thu - Fri - Sat ). User can change the start of the year for analysis from the inputs. Year is represented in rows and Day of the week (DOW) is represented in cols. This indicator uses Daily Data feed to calculate the % change Summary data for DOW displayed as the last row
Pine Script™ indicator
by ILuvMarkets
9
BankNifty_Component_Stats_StockCloudThis is a summary table for the component top 6 Banks of Banknifty based on the current NSE defined weightage. Explanation of each Column as below: Price : The current 5 Min close price of the Component mentioned in the rows Change : The change in terms of number of point wrt to the previous day closing price Change %: The change in terms of % wrt to previous day closing price Per Point Chg : How many points Banknifty has moved with 1 point change of the respective component. If HDFC per point chg is shown as 7, it means 1 point move in HDFC has contributed to 7 points move in BankNifty. Participation : Refers to the total points contributed by the major component. If ICICI participation is shown as 300, it means of the total Banknifty move , a positive 300 points has been contributed by ICICI. if HDFC shows -150. it means HDFC has dragged down Banknifty by 150 points. TDP : There is a user definable Length "length" in the Input section under settings. If you have given 1 there, this number signifies the number of points contributed by the component bank in the last 5 min. If SBI TDP is shown as 8, it means in the last 5 mins, SBI has added 8 points to Banknifty. If input length is given as 2 , then it means the contribution of that component bank in last 10 mins ( 5*2). TDP= Time Defined Points Nan : Not applicable This summary table can be used to know who is actually moving the Banknifty. The current weightage is as follows: HDFC ICICI KOTAK AXIS SBI INDUS Weightages will be changed as and when NSE changes it.Based on calculated fields above, one can understand how strong the moves are.If the major Banks are contributing more, it means the moves will be stable. If the lower end banks are contributing and top bank are not moving, then the current moves in Banknifty is not strong. It is also recommended to use this stats along with Component Banks charts. Thanks to Ghanshyam Tech for inspiring to write this script!
Pine Script™ indicator
by Stock_Cloud
2
TradeWithAB SignalsThis indicator specifically designed for Momentum trading by an Intraday trader on index( Nifty , BankNifty ) and Equity stocks. This indicator works with DMI and PRICE ACTIONS which gives automated Buy and Sell signals along with Stop loss and Trailing Stop loss when certain criteria are met. It is not a Holy Grail system that gives you continuous profits and it has some limited downfalls also which can be controlled by proper risk Management and position sizing. This is a premium invite only indicator which can be use after given access to you by us. There are some guidelines on how to use this indicator which are given below and you have to follow these guidelines very strictly to get the maximum results. Guidelines :- 1. Default Timeframe - 5 min 2. You have to take almost all the trade generated by this indicator on a particular stock/index for better results. 3. Signal confirmation is required for enter the trade as it will give you maximum profits. 4. GREEN TRIANGLE is represented as BUY Signal whereas RED TRIANGLE is represented as SELL Signal. 5. GREEN ARROW is considered as BUY TRAILING STOP LOSS as well as BUY RE-ENTRY for some scenarios. 6. RED ARROW is considered as SELL TRAILING STOP LOSS and SELL RE-ENTRY for some scenarios. 7. Ignore the signals(if any) of 1st candle(9:15)and last candle(3:25)of the day for better results. BUY Trade Management :- 1. Trade should be initiated if and only if there is a buy signal(Green Triangle) is generated. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the LOW of the signal generated candle. 4. There is a trailing Stop loss signal (Green Arrow) after the buying signal is generated. 5. You should trail your Stop loss at the LOW of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your buy trade. 7. After Exiting the trade you always have option to re-enter at the next trailing Stop loss signal(green arrow) generated candle CLOSE and put your Stop loss at LOW of that candle and repeat the same trailing stop loss procedures. SELL Trade Management :- 1. Trade should be initiated if and only if there is a sell signal(Red Triangle) is generated. 2. You should only enter the trade at the CLOSE of the signal generated candle. 3. Your Stop loss should be placed at the HIGH of the signal generated candle. 4. There is a trailing Stop loss signal (Red Arrow) after the selling signal is generated. 5. You should trail your Stop loss at the HIGH of the trailing Stop loss signal generated candle. 6. You should trail your Stop loss repeatedly until your trailing Stop loss got hit and hence Exit your sell trade. 7. After Exiting the trade you have always option to re-enter at the next trailing Stop loss signal(red arrow) generated candle CLOSE and put your Stop loss at HIGH of that candle and repeat the same trailing stop loss procedures. Disclaimer :- *I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the indicator. This is not a Holy Grail setup, sometimes the traders hit Stop loss and sometimes it gives amazing results as well. Instructions to access to this invite-only script:- *Send us a message if you wish to gain access to this indicator. The subscribers will get benefits of any future development or updates in the current script without any extra charges. Other trading style like swing and positional trading will also available in future updates.
Pine Script™ indicator
by Trade_With_AB