Nifty Intraday Pivot Points

[VJAY]

Hi Trader31339

As They Say An Image Can...........

My Suggestion Has Always Been To Make It Easy For NF Traders To Have Following On The RT Chart

1) Plot The Previous Close (On The Chart Indicated By Thick White Dotted Line)
2) Overlay The Pivot (Shown On The Chart As Yellow Thick Line)

3) Overlay The R's (Shown On The Chart As Green Lines Upto R3)

4) Overlay The S' (Shown On The Chart As Red Line Only S-1)

5) SMA-4 (Green) & SMA-5 (Red)

6) BB (Close 9, Std Dev.2) On The Chart Upper & Lower BB Is Grey & Median BB Is Blue.

TF Of The Chart Is 10 Minutes.

All The Elements Mentioned Above Will Keep An NF Trader In A Good Trading Nick.
Each Element Mentioned Is Equally Important To The Position Of The Price Action On The Chart In Relation To The Closest Elements To The Current Price At That Point Of Time.

Now You Guys Let Me Know How Much Sense Or Nonsense It Makes Of What Is Mentioned.


Happy & Safer Trading

SavantGarde

Dear Savant sir,
If you put some trading tips on chart it's very much helpfull to develop our trades........eg.after crossover of sms's when we enter trade....using bbs etc....you posted it several times but with chart it will help a lot.....

 

[VJAY]

Wah Sir Charts Are Looking Wonderful.:thumb: Are Those Charts From Amibroker? Have You Looked At Afl I Sent To You?

Dear docvijay,
is the afl same which you posted it long before...or any tweek you made.....if so please share it with us....

 

[docvijay4u]

Dear VJAY, It Is The Same Afl But Only Difference Is SMA's, BB Are Customizable. Not Something Extraordinary But Little Practice Of Afl Programming.

****://r a p i dshare.com/files/312290545/My_Indicator.afl.html

Thanks.

SetChartOptions(0, chartShowDates | chartWrapTitle | chartShowArrows);

_SECTION_BEGIN("Background");
SetChartBkColor(ParamColor("Background Color", colorBlack));
_SECTION_END();

_SECTION_BEGIN("Chart");
Plot(C, "Chart Style", ParamColor("Chart Color", colorWhite), ParamStyle("Chart Type", styleCandle, maskPrice));
_SECTION_END();

_SECTION_BEGIN("MA 1");
P1 = ParamField("Price Field", 3);
Periods1 = Param("Periods", 5, 2, 100, 0.5);
Plot(MA(P1, Periods1), _DEFAULT_NAME(), ParamColor("Color", colorRed), ParamStyle("Style", styleLine));
_SECTION_END();

_SECTION_BEGIN("MA 2");
P2 = ParamField("Price Field", 3);
Periods2 = Param("Periods", 6, 3, 200, 1);
Plot(MA(P2, Periods2), _DEFAULT_NAME(), ParamColor("Color", colorGreen), ParamStyle("Style", styleLine));
_SECTION_END();

_SECTION_BEGIN("Bollinger Band");
P3 = ParamField("Price Field", 3);
Periods3 = Param("Periods", 9, 2, 100, 1);
Width = Param("Width", 2, 0, 10, 0.5);
Color = ParamColor("Color", colorBlue);
Style = ParamStyle("Style", styleLine);
Plot(BBandTop(P3, Periods3, Width), "BBTop" + _PARAM_VALUES(), Color, Style);
Plot(BBandBot(P3, Periods3, Width), "BBBot" + _PARAM_VALUES(), Color, Style);
_SECTION_END();

MA1 = MA(P1, Periods1);
MA2 = MA(P2, Periods2);
Buy = Cross(MA1, MA2);
Sell = Cross(MA2, MA1);
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);
PlotShapes(IIf(Buy,shapeUpArrow,shapeNone),colorYellow,0,Graph0);
PlotShapes(IIf(Sell,shapeDownArrow,shapeNone),colorOrange,0,Graph1);

Dear docvijay,
is the afl same which you posted it long before...or any tweek you made.....if so please share it with us....

 

[cbosein]

For All Those Wondering How Long Will This Run Last.....& When One Should Sell The Entire Portfolio....

Not Till The Green MA Dips Below The Red MA...As Simple As That Nothing Complicated About It.

SavantGarde

Hi SG,

This is daily chart or intraday chart of Nifty or Nifty future?

SMA values used for red & Green lines?

Thaks & regards,
Keerthi

 

[enygma]

Yah, Longer Term MA is 100. And smaller term?

Regads,
Enygma.

Superb but what is secret MA value? Is it 100 because on 50 price dips twice..

Thanks.

 

[docvijay4u]

I Guess 5. Enygma You Mentioned About EMA, I Thought It's SMA.....

Thanks.

Yah, Longer Term EMA is 100. And smaller term?

Regads,
Enygma.

 

[VJAY]

Hi,
Its nifty spot chart.....sm's are 9 & 100 IMO

 

[Mangafreakz]

Yup , its 9 and 100 SMA values with 9,2 BB setup.
Thanks for the charts

 

[Mangafreakz]

@Doc
Which AFL Vjay is talking about , the AFL archive in your "AFL for Savantji's System" thread ?

 

[enygma]

Doc,

You are right about the SMA part and as lot of people mentioned already, the shorter term is 9.

Regards,
Enygma.

I Guess 5. Enygma You Mentioned About EMA, I Thought It's SMA.....

Thanks.