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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/

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