INVITE-ONLY SCRIPT
OHO Trading Nifty50 15 Min 07.05.2020 Indicator
Updated
Studies Used:
We have used different type of moving averages, average true ranges, pivot points and relative strength indicator in this indicator.
Usage:
It can be used for scalping and intra-day trading. It works best on Nifty 15 Minutes time frame.
It provides easy to visualize multiple information:
1) It gives the correct Entry on Time.
2) Fake trends are shown on purple color of trend line.
3) Target levels.
4) It gives proper Exit on time. or Exit at the time of closing.
5) Trailing as per trend line.
How to read OHO Indicator?
Trend line color:
Red = Sell side trailing
Green = Buy side trailing
Purple = No trade zone or Trend Changing Time
Recommendations:
Trade is recommended to be closed when price is below UpTrend line (in case of buy side trade) or it is above DownTrend line (in case of sell side trade)
What time frame should I use?
15 Minutes is best time-frame, But you can check different time-frames in Strategy Testing section or as per your requirements.
Disclaimer:
Past performance is not the guarantee of future performance.
Best Indicator for range bound and volatile sessions.
For any type of queries kindly send us personal message.
We have used different type of moving averages, average true ranges, pivot points and relative strength indicator in this indicator.
Usage:
It can be used for scalping and intra-day trading. It works best on Nifty 15 Minutes time frame.
It provides easy to visualize multiple information:
1) It gives the correct Entry on Time.
2) Fake trends are shown on purple color of trend line.
3) Target levels.
4) It gives proper Exit on time. or Exit at the time of closing.
5) Trailing as per trend line.
How to read OHO Indicator?
Trend line color:
Red = Sell side trailing
Green = Buy side trailing
Purple = No trade zone or Trend Changing Time
Recommendations:
Trade is recommended to be closed when price is below UpTrend line (in case of buy side trade) or it is above DownTrend line (in case of sell side trade)
What time frame should I use?
15 Minutes is best time-frame, But you can check different time-frames in Strategy Testing section or as per your requirements.
Disclaimer:
Past performance is not the guarantee of future performance.
Best Indicator for range bound and volatile sessions.
For any type of queries kindly send us personal message.
Release Notes
Simplified the Screen and Introduced Bears and Bulls Power Signals.
If Price Above Bulls Power Line (Green Horizontal Line) it means Bulls are taking Power.
If Price Below Bears Power Line (Red Horizontal Line) it means Bears are taking Power.
Direction Line Tells the Trend is Upward (Green) or Downward (Red) or Consolidation (Purple).
Release Notes
Updated Target Lines.Release Notes
Updated the Direction Line with Bold View.Release Notes
SimplifiedRelease Notes
Simplified and More Accuracy Introduced.Invite-only script
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Disclaimer
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