Documentation

This Indicator only works on BankNifty. Don't use this on any other instruments.

Use 1 min timeframe till 10am

Wait till full candle formation. Don't take entries even if you get any "BUY" or "SELL" signal at starting of the candle formation.

After 10am change to 5min timeframe

Indicator may give false signals between 10am and 11am. If you are newbie, its better to avoid taking entries between 10am and 11am and also after 2pm

Works in Intraday and Daily Timeframe

Newbies and Safe traders always book your profits with Nifty 20-30 points and bank nifty 50-80 points. In option Buying, Sometimes, The more you stay the more you lose your profits due to theta and time decay.

Don't take more than 2 trades per day. Greed and fear are enemies.

This indicator is developed based on Bollinger Bands, RSI, Stochatic, MACD and EMA

Basic Structure is as shown below. Yellow lines are exit lines( Take Profit lines also), Green line is buy Stop Loss line, Red line is Sell Stop Loss line. All lines are dynamic.

Buy and Sell Signals

When the indicator gives a "BUY" signal, take the entry above the "HIGH" of the buy signal candle and exit when candles reach the upper yellow line. Stop loss is green line.

When the indicator gives a "SELL" signal, take the entry below the "LOW" of the SELL signal candle and exit when candles reach the lower yellow line. Stop loss is red line.

Multiple Signals

• "T" signal followed by "Buy" or "Sell" - strong signal
• "TR" and "CR" signal - May be Trend Coninutation
• "T" and "TR" - Wait for confirmation.
• "Buy" and "TR" - Wait for Confirmation.
• "Sell" and "TR" - Wait for confirmation.
• "Sell" and "Buy" - Next 1 hr Trend will be breakout side