OPEN-SOURCE SCRIPT
Nifty Institutional Trend Rider om
How this manages your "Big Lots" and "Cutting":
High Conviction Entry: It only enters CE when the RSI is above 60. This means you aren't just guessing; you are entering when momentum is already strong.
The "VWAP" Guard: Big players (FIIs/DIIs) use VWAP. By staying on the same side as VWAP, you avoid being "trapped" by big institutional sell-offs.
Automatic "Cutting" (Trailing SL): The red line that appears on your chart when you are in a trade is your Trailing Stop Loss.
As Nifty moves in your favor, this line moves up.
If Nifty reverses by 0.5% (you can change this in settings), the script will signal to "Cut" the trade immediately. This protects your capital on big lot sizes.
Long Term Trend: By using the 15-minute timeframe instead of 5-min, you will catch the moves that last for 2–3 hours (or even until the 3:30 PM close), which is where the real money is made in Nifty options.
High Conviction Entry: It only enters CE when the RSI is above 60. This means you aren't just guessing; you are entering when momentum is already strong.
The "VWAP" Guard: Big players (FIIs/DIIs) use VWAP. By staying on the same side as VWAP, you avoid being "trapped" by big institutional sell-offs.
Automatic "Cutting" (Trailing SL): The red line that appears on your chart when you are in a trade is your Trailing Stop Loss.
As Nifty moves in your favor, this line moves up.
If Nifty reverses by 0.5% (you can change this in settings), the script will signal to "Cut" the trade immediately. This protects your capital on big lot sizes.
Long Term Trend: By using the 15-minute timeframe instead of 5-min, you will catch the moves that last for 2–3 hours (or even until the 3:30 PM close), which is where the real money is made in Nifty options.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.