NKP Buy Sell Signals

26 Mar 2020

NKP Buy Sell signal is an indicator. It will plot buy / sell signal in live market based on EMA , VWAP , RSI , PSAR, MACD generates information about entry points at close of the candle. Strong Buy/ Sell signal is the best entry point but you can enter at the next candle.

we can see signals like buy/strong buy or sell/strong sell - 5 min candle

if the price above the VWAP and SMA20 lines and buy signal came then go for long if sell signal came below the VWAP and SMA20 line the go for short.

How does it work?
buy - take the buy order in next candle open's stop loss will be signal candle low
strong buy - take the buy order in next candle open's stop loss will be signal candle low
sell - take the sell order in next candle open's stop loss will be signal candle high
strong sell- take the buy order in next candle open's stop loss will be signal candle high

What are the signals?
Yes it will generate the buy/sell/strong buy/strong sell signals in the live market
these signal will plot up/down arrow based on signal.

Can we set the Alert on this?
Yes, we can set the alert based on the signals
Four custom alerts - NKP Buy , NKP strong Buy , NKP Sell, NKP Strong Sell

IMPORTANT: this script does not generate exit signals and those should be find using money management rules or else. Perfectly catches long runs in trends at all underlings (stocks, indexes ) at 5 min time frame. Lower/High period gives more incorrect signals and shorter runs on below 5 min period , higher period gives you late entry and less. Of course it gives false signals from time to time but fortunately it makes a correction very fast.

Try it! Good luck and good trading!

For access, please PM us or visit the link below in our Signature.

27 Mar 2020

Catatan Rilis

Script updated to work on stocks only

2 Apr 2020

Catatan Rilis

Added psar confirmation

2 Apr 2020

Catatan Rilis

corrected the signal on chart

2 Apr 2020

Catatan Rilis

code clean up

3 Apr 2020

Catatan Rilis

signal labels bug fix