Learn a good inidcaor and plot it in your system
✅ Strengths
Leads RSI/Stochastics: Sometimes gives earlier reversal signals.
Works well in range-bound markets: Can help pick tops/bottoms.
Fast reaction: Good for traders who want quick entry/exit signals.
In a bullish trend, it can stay “overbought” for a long time.
In a bearish trend, it can stay “oversold” for a long time.
✅ Strengths
Leads RSI/Stochastics: Sometimes gives earlier reversal signals.
Works well in range-bound markets: Can help pick tops/bottoms.
Fast reaction: Good for traders who want quick entry/exit signals.
In a bullish trend, it can stay “overbought” for a long time.
In a bearish trend, it can stay “oversold” for a long time.
It is good supplementary indicator.
Best use in range or sideways markets, and i have tweeked some parameters so it work well in all market
In Nifty, / BankNifty works well for quick swing trades near OI support/resistance.
Best use in range or sideways markets, and i have tweeked some parameters so it work well in all market
In Nifty, / BankNifty works well for quick swing trades near OI support/resistance.
Would you like me to learn and build you a step-by-step rules-based strategy (with entry, exit, SL, and strike selection) using this indicator for Nifty & BankNifty?