Scalping Screener - 15min
SCALPING SCREENER - 15 mins (Indicator Tool)
TIME FRAME to use - 15 mins
DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day).
SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading
ENTRY CONCEPT -
- There must be 2 bulish candles and the 2nd candle's high should be greater than first candle's high.
- And If the latest candle high breaks high of the 2nd candle (prev candle), BUY signal is generated.
- Additional filters are added to reduce non-performaing trades.
- visa versa for SHORT signal
EXIT CONCEPT -
- 2nd candles low is the stop loss.
- Difference between 2nd candle high and 2nd candle low is target.
- The script will indicate when to BUY / SHORT and when to EXIT the trade.
INSTRUMENTS TO TRADE -
- High volatility instruments are best to be traded
- Nifty 50 stocks have been added to this indicator for the sake of screener. User can change these stocks with high volatility ones
- There is a limitation to add upto 40 scripts.
SCREENER FUNCTION -
- Right side of the chart has screener section which shows the list of stocks that qualify as per the BUY / SELL signal
NOTE -
The purpose of the scipt is for self learning / improvement and analysis.
Trading is a risky business and a trader must take any trade at their own RISK.
The author shall not be held responsible for Losses / Profits
TIME FRAME to use - 15 mins
DURATION OF TRADE - Using this indicator, Trade must be taken only during market hours and must be closed before market close (must not be carried forrward for next day).
SCALPING - This is a scalping strategy that is intended to make small profits in intraday trading
ENTRY CONCEPT -
- There must be 2 bulish candles and the 2nd candle's high should be greater than first candle's high.
- And If the latest candle high breaks high of the 2nd candle (prev candle), BUY signal is generated.
- Additional filters are added to reduce non-performaing trades.
- visa versa for SHORT signal
EXIT CONCEPT -
- 2nd candles low is the stop loss.
- Difference between 2nd candle high and 2nd candle low is target.
- The script will indicate when to BUY / SHORT and when to EXIT the trade.
INSTRUMENTS TO TRADE -
- High volatility instruments are best to be traded
- Nifty 50 stocks have been added to this indicator for the sake of screener. User can change these stocks with high volatility ones
- There is a limitation to add upto 40 scripts.
SCREENER FUNCTION -
- Right side of the chart has screener section which shows the list of stocks that qualify as per the BUY / SELL signal
NOTE -
The purpose of the scipt is for self learning / improvement and analysis.
Trading is a risky business and a trader must take any trade at their own RISK.
The author shall not be held responsible for Losses / Profits
Release Notes:
fixed minor issue.