OPEN-SOURCE SCRIPT

SB - Print Machine

100
Intraday Trading, Observation - Nifty 50, Trade - Nifty Options, Buying only

Rules for Call Options Buying - Observe Nifty 50 Index

1. VWDEMA turns Green (Bullish).
2. VDema turns Green and crossing VWDEMA upside (Bullish).
3. ATR turns Green (Bullish)
4. VPC background turns Green (Bullish). Now Enter Call Side and enjoy the day....

Rules for Put Options Buying - Observe Nifty 50 Index

1. VWDEMA turns Red (Bearish).
2. VDema turns Red and crossing VWDEMA Downside (Bearish).
3. ATR turns Green (Bearish)
4. VPC background turns Red (Bearish). Now Enter Put Side and enjoy the day.....

Exit Rules - As per your own appitite :)

Settings :

VWDEMA Length - 44
VDEMA Length - 21
ATR Length - 14
ATR Multiplier - 1.5
BB - Ignore (Disable/Hide)
Pivot Calculation Method - Wick
Pivot Left Length (Low/High) - 4
Pivot Right Length (Low/High) - 1
Pivot Lebels - Enable All
Pivot Markers - Disable All
Pivot Values - Disable All
VPC Length - 14
VPC Time Frame - 3 Minutes
Main Chart Time Frame - 5 Minutes

Display Settings - As per your own eye comfort

Note - All/Many parameters used here are customisable and come with a dynamic colour coding(Different colour code for uptrend and downtrend)

Settings shared here are best suited to me in terms of output. You can check for your own the settings which suits you the best.

Good Luck !!


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