Time based trading nift and banknifty

[mt4trader]

BANKNIFTY todays performance

 

[casoni]

thanks casoni you explained better than me in simple language.
i know mt4 but not about this indicator.
this week i will install amibroker (before i used to spend lot of time with it when amibrokerfans JET. latter stopped)
i will compare with ninja and see what modification is to be done.
if we develop for amibroker more healpfull for traders.
i will extened all my cooperation

Thank you very much mt4rader.

 

[Bewinner]

Hi Mt4trader,
If I am not misunderstood...both the BNF and NF has a chance to fall at around 9.27 AM right?

and also an upmove around 3 pm?

Hi mt4trader,
as per the image NF and BNF should have given downmove around 9.27 AM but actually it did happen a bit late like at arounf 10 AM...
Is this the case will happen every time? Just trying to better understand the opportunity u r giving to us..
One more thing the chart u r posting are for 1 min TF?
Please help.

 

[Bewinner]

Casoni..u did a wonderfull job by converting it for amibroker.

Thank u sir. great job...

 

[extremist]

How to TRade this indicator

https://www.youtube.com/watch?v=PBDPRxSSCHU

From the creators of the indicator

 

[Rish]

Hello,
This is what i did , but i am not getting the desire result... ,
maybe this needs to be coded in some different way . please check and give your views for corrections, so that this can be finalized..

/*
it is based on macd last two weeks same time and plots a histogram
this is derived from idea of all big players place same time every day.
those big lots only effects markets

2 weeks
beyond 2 weeks no use
you can select upto 8 weeks

timings on top means down bottom means up.
zereo line must cross smoothly. if there is gap there is chance of reversal.
exit there renter latter depending on trend.
trend is always your friend.this is TIMELY HELPING FRIEND.

plot 7 days back histogram for today.average of 1st week and 2ndweek back from today.

*/

SetChartBkColor(colorblack);SetChartOptions(0,chartShowDates);
function fMacdHisto( input, f0, f1, f2 ) 
{ 
	mymacd = EMA(input,f0) - EMA(input,f1);
	mymacdsig = EMA(mymacd,f2);

	result = mymacd - mymacdsig;

   return result; 
}
bars=0;
 if (Interval()==in1minute) {bars = 376;}  
 if (Interval()==in5minute) {bars = 76 ;}
 if (Interval()==in15minute) {bars = 26 ; } 
XXy=Param("past day",7,1,40,1);
priceA = ref(C,-bars*xxy);
MA1	= Param("Fast",5,2,130,1);
MA2 = Param("slow",20,5,150,1);
MA3 = Param("sIG",20,2,90,1);

Mh   = fMacdHisto( priceA, MA1, MA2, MA3);
color=IIf(mh>0,5,4);
Plot( mh , "MACD Histogram",Color,  ParamStyle( "Histogram style", styleHistogram | styleThick , maskHistogram ) );

a=Cross(mh,0);// bullish
b=Cross(0,mh); //beaqrish
ax=Flip(a,b); 
ay=Flip(b,a); 
Up =ExRem(a, b);
Dn =ExRem(b, a);
xx=BarIndex();Lx=LastValue(xx);  
PLBars  = IIf(Up, LowestSinceBars(Dn, mh ,1),0); //find the bar that produced the Lowest Low
PHBars  = IIf(Dn, HighestSinceBars(Up,mh, 1),0); //find the bar that produced the Highest High
PLPrice = IIf(Up, Ref(mh, -pLBars), 0);
PHPrice = IIf(Dn, Ref(mh, -pHBars),0);

pk=mh==ValueWhen(PHBars,Ref(mh,-PHBars),0);
//PlotShapes(shapeSmallCircle*pk,ColorRGB(255,0,0),0,mh,10);
tr=mh==ValueWhen(PLBars,Ref(mh,-PLBars),0);
//PlotShapes(shapeSmallCircle*tr,ColorRGB(0,100,0),0,mh,-10);


dt=Ref(DateTimeConvert( 2, Datenum() ),-bars*xxy); //dt
Rve=Ref(DateTimeConvert(1, DateTime()  ),-bars*xxy);//hour

 
fvb=Status("firstvisiblebarindex"); 
lvb=Min(Lx,Status("lastvisiblebarindex")); 
Font= ParamList("Font:","Arial|Berlin Sans FB|Book Antiqua|Candara|Calibri|Tahoma|Times New Roman|Engravers MT| ",5);
Vd         = ParamToggle("Show pK-tr","No|Yes" ,1);
Ve         = ParamToggle("Show 0 cross","No|Yes" ,0);
for(i=fvb;i<lvb;i++)  
{ 

    if(pk[i]AND Vd) PlotTextSetFont("S:"+DateTimeToStr( dt [ i ] )+"\n"+Rve[i],Font,8,i,mh[i],colororange,colorDefault,20);  
    if(tr[i]AND Vd) PlotTextSetFont("L:"+DateTimeToStr( dt [ i ] )+"\n"+Rve[i],Font,8,i,mh[i],colorpaleGreen,colorDefault,-20);  
   
    if(up[i] AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve[i],Font,8,i,mh[i],colorGreen,colorDefault,20);  
    if(dn[i] AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve[i],Font,8,i,mh[i],colorGreen,colorDefault,-20);  
   
   
}   
strWeekday = StrMid("SunMonTueWedThuFriSat", SelectedValue(DayOfWeek())*3,3);
Title = 
EncodeColor(colorWhite)+ "" + " - " +  Name() + " - " + "Time base"+
/* " | " + EncodeColor(colorLime)+ Interval(2) + EncodeColor(colorWhite) + "  #  "+strWeekday +" , "+ Date()+
"\n"+EncodeColor(colorYellow) +"Op -"+O+" : "+EncodeColor(colorLime)+"Hi-"+H+" :  "+EncodeColor(colorOrange)+"Lo-"+L+"  : "+EncodeColor(colorWhite)+ "Cl-"+C+" : "+EncodeColor(colorYellow)+ "Vol= "+ WriteVal(V/1000)+
encodecolor( colorPink)+"\n"+*/
"\n"+"Days Back : "+xxy;

Thank you

Show Error in the following code...

if(pkAND Vd) PlotTextSetFont("S:"+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorOrange,colorDefault,20);
if(trAND Vd) PlotTextSetFont("L:"+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorPaleGreen,colorDefault,-20);

if(up AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorGreen,colorDefault,20);
if(dn AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorGreen,colorDefault,-20);

 

[amitrandive]

Show Error in the following code...

if(pkAND Vd) PlotTextSetFont("S:"+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorOrange,colorDefault,20);
if(trAND Vd) PlotTextSetFont("L:"+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorPaleGreen,colorDefault,-20);

if(up AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorGreen,colorDefault,20);
if(dn AND Ve) PlotTextSetFont(""+DateTimeToStr( dt [ i ] )+"\n"+Rve,Font,8,i,mh,colorGreen,colorDefault,-20);

Think , this error is due to version of Amibroker.Will work in Ami versions 5.8 onwards.

 

[mt4trader]

Hi mt4trader,
as per the image NF and BNF should have given downmove around 9.27 AM but actually it did happen a bit late like at arounf 10 AM...
Is this the case will happen every time? Just trying to better understand the opportunity u r giving to us..
One more thing the chart u r posting are for 1 min TF?
Please help.

bnf 9.27 but started at 9.30.
it is usually happen and it is stoploss runover.
bigplayers they trigger the stoploss and latter they will enter.
to confuse the retail traders.
bnf at 1.48 there is zero crossing we must carefull those timings market may reverse and follow opposite trend.
entry time of bigplayers is correct but direction depends on market condition

 

[extremist]

Watch this trade in NF today which was seen on yesterday itself.

No system is tht simple.
you need to apply your brains at it. spend some time with it. figure out the ways.
and at time may be you can crack the system.

It's never simple....
Green arrow buy.
Red arrow sell.

 

[mt4trader]

banknifty 11th performance