OPEN-SOURCE SCRIPT
SB - Print Machine
Intraday Trading @ 5 Minutes TF -Observation @ Nifty 50 Index , Trade on - Nifty options
Rules : Call options (ATM) Entry :
1. VWDEMA is Green (Bullish)
2. Vdema is Green and Crossing VWDema upside (Bullish)
3. ATR Turns Green (Bullish)
4. Vwap Channel Background is Green
Put Options (ATM) Entry :
1. VWDEMA is RED (Bearish)
2. Vdema is Red and Crossing VWDema downside(Bearish)
3. ATR Turns Red (Bearish)
4. Vwap Channel Background is red
Settings :
VWDEMA - 44
VDema - 21
ATR - 14
ATR Multiplier - 1.5
BB - Skip
Pivot Calculation Method - Wick
Left length - 4
Right Length - 1
Pivot Lebels - Enable all
Pivot arkers - Skip All
Pivot Values - Skip All
VPC Length - 14
VPC Time Frame - 3 minutes
Main Chart Time Frame - 5 Minutes
Colour Display Settings : As per you eyes comfort. Parameters have dynamic colour coding (different for uptrend and downtrend, use accordingly)
Parameters here are customisable, Shared here is what I am using and getting good results. Test your settings which suits you best. Good Luck !!
tradingview.com/x/28CFBgI9/
Rules : Call options (ATM) Entry :
1. VWDEMA is Green (Bullish)
2. Vdema is Green and Crossing VWDema upside (Bullish)
3. ATR Turns Green (Bullish)
4. Vwap Channel Background is Green
Put Options (ATM) Entry :
1. VWDEMA is RED (Bearish)
2. Vdema is Red and Crossing VWDema downside(Bearish)
3. ATR Turns Red (Bearish)
4. Vwap Channel Background is red
Settings :
VWDEMA - 44
VDema - 21
ATR - 14
ATR Multiplier - 1.5
BB - Skip
Pivot Calculation Method - Wick
Left length - 4
Right Length - 1
Pivot Lebels - Enable all
Pivot arkers - Skip All
Pivot Values - Skip All
VPC Length - 14
VPC Time Frame - 3 minutes
Main Chart Time Frame - 5 Minutes
Colour Display Settings : As per you eyes comfort. Parameters have dynamic colour coding (different for uptrend and downtrend, use accordingly)
Parameters here are customisable, Shared here is what I am using and getting good results. Test your settings which suits you best. Good Luck !!
tradingview.com/x/28CFBgI9/
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.