Sniper Entry Indicator, Crypto, Forex, Indices, I ndicator Description:
Momentum & Sideways Market Detector is a powerful TradingView indicator that combines the strengths of RSI (Relative Strength Index) and Moving Averages to identify market momentum and detect sideways movements. This versatile tool is designed to work effectively across various asset classes, including Cryptocurrencies, Forex pairs, Gold, and major stock indices like Nifty, BankNifty, Finifty, and Midcap.
Key Features:
Momentum Detection: The indicator uses RSI to gauge market momentum, highlighting overbought and oversold conditions to signal potential reversals by Displaying strength on the chart, above 90 it will be overbought and check for reversal trade, below 10 it will be oversold and check for the long opportunity.
Sideways Market Identification: It utilizes a combination of Moving Averages to detect low-volatility periods and sideways market conditions, helping traders avoid choppy markets. Area or label highlighted by blue means it is sideways, you can ignore entries in this zone.
Multi-Asset Compatibility: The indicator is optimized to perform well on diverse asset classes, including Crypto, Forex, Commodities, and Equity Indices, making it a versatile tool for traders of all types. It is compatible with Indian indices as well giving trader opportunity to see live trade with strike price entry and sl. It also trails the SL when reached the first target.
Customizable Parameters: Users can adjust RSI and Moving Average settings to suit their trading style and timeframe preferences.
Settings:
Stock/Option (Whether you want to trade Sport or it's option, if unchecked it will look for expiry of the stock option, month, and year, user also needs to provide the call and put option)
Spot Symbol (I have provided some of the spot symbols for the selection which will help him to configure it's F&O )
Backtest Day (User can backtest the data by changing the day to previous lookback, it is a very good feature to test the results.)
Remove lines from the table (If table is too long, i have provided the option to remove some of the lines from the table, provide number to remove the lines)
This indicator is a must-have for traders looking to enhance their strategy by accurately identifying market conditions and adapting their trades accordingly.
Finnifty
TCLC(TraderChitra Learning Class)-Option ChainThis indicator plots the Option chain data of the following instruments and columns..
It plots 11 rows ,
5 Rows above the input strike price
1 Row for the input strike price
5 Rows below the input strike price
Instruments :
1. NIFTY
2. BANKNIFTY
3. FINNIFTY
4. MIDCPNifty
Columns :
1. StrikePrice
2.CMP
3.Volume
4.VWAP
5.Diff (Open-Close)
Traders need to change the expiry date to check the premium of the corresponding instruments...
There are few key things,
1. Rows in yellow are marked as ATM strike price
2. Cell values in red / green indicates the prices are trading above / below the VWAP
The prices are expected to be bullish when cmp trades above VWAP and we can gauge the trend
The column Volume provides the details in which strike price more traders are actively traded..
The far month contracts can also be changed in the settings and it helps the swing/positional traders
The Strike price can be modified to check the appropriate strikes
FIN NIFTY Adv/Dec1) FIN NIFTY Index Advance-Decline count
2) Each session, it reads the number of stock is +Ve or -Ve
3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted
4) at +/- 11 drawn a dotted line if Count is > = +/-11 FIN Nifty is moving in a strong army
Eg:-
in the current session, 11 Stock is moving in +Ve direction & 9 are in -Ve direction
11 count will be plotted in the chart
(FINNIFTY) NIFTY Financial Service FreeFloat VolumeThis indicator is build keeping in mind how the Indian Market is formed - the free-float market capitalization concept
1) Considered new FINNIFTY - Nifty Financial Service index stocks according to NSE
2) Multiplied each stock Volume by its Weightage given in NSE Site every month End - means giving importance to volume by its weightage
3) Green Candle - Considered as +Ve Volume , Red Candle - Considered as -Ve Volume
4) Diff of +Ve Volume & -Ve Volume give clear picture market will go up or down
Note:- This Indicator work only for 15 Min time frame
Gives better results good Risk Reward used near Supp/Resistance
Combine with FINNIFTY Advance-Decline Ratio give confidence on the move
Eg:-
Bullish Scenario
Near Support, Volume Turned -Ve to +Ve, Adv /Dec of Fin Nifty >11/15
or combine any candle patterns( Pin Bar ) at Sup/Res or combine with Chart Pattern(Triangle/ Rectangle )
Bearish Scenario - Vice Versa to above
