Tom de mark sequential monitor for nifty50 stocks

St sir hows the day today please share how you traded Nifty

Got it :thumb:

Thanks


Happy





This script does not wait for intersection

could you share the script you are adding in trading view?

Im getting the error as "add to Chart operation failed, reason: Script could not be translated from: iepb[1]>0?piep2[1]"

thanks

Thanks to ST for taking all the trouble. Wish you a speedy recovery.

We are clear now on sell setup SIPS
1. Sequential (9) counting - close higher than prev 4 bars close
2. Intersection - low less/equal to prev 3 bar from 8,9+
3. Perfect setup - 8,9+ - high higher prev 2 bar high 6,7-
4. Countdown - close higher than high 2 days earlier

Travi/vivek,

Is there anything else left on this one other than the cancellation for TD sequential/countdown.?

5. Cancellation:
A. Setup cancellation:
TD Buy cancelled if 9 bar sequence broken
TD Sell cancelled if 9 bar sequence broken
OR
NEW TD SETUP formed.

B. Countdown cancellation:
TD BUY CD:
Condition 1: If the TDST (setup bar 1 high ) breached by any CD bar high
Condition 2: NEW TD SETUP formed.

TD Sell CD:
Condition 1: If the TDST (setup bar 1 low ) breached by any CD bar low
Condition 2: NEW TD SETUP formed.
__________________

Certain scenarios/conditions/qualifiers:
Example taken is a completed ‘BUY SETUP’

2.after completion of buy setup, countdown starts, but before completion of CD13, a new buy setup is completed:
Latest buy setup is to be considered.
CD will have to start all over again

3. The low of CD 13 must be less than or equal to close of CD8 to complete the countdown, till this additional condition is met CD13 is postponed.

Mirror for Sell Setup

For Buy Countdown, the condition is close is less than equal to low of two bars earlier.

If the count down is not continuous, then should the previous second bar be part of the countdown or just the immediate previous second bar?

example: when countdown is not continuous,that is if there are bars between CD3 and CD4 not taking part of countdown then, should close of CD4 be less than equal to low of CD2 or just the immediate previous second bar (which is not part of countdown) before CD4.

Thanks