1. This indicator draw line at the pivot point to show possible support and resistance area. 2. The way it is drawn is pretty simple. Every time a pivot point is formed, a line is drawn on top of it. 3. The line will be delayed due to the nature of pivot point itself.
the lowest point is the red line...so is it safe to go for buying from there and close buy trade when it creates a blue line?
ahmad_naquib
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@nilanjan62, no it is not. u need more confirmation for that kind of idea
nilanjan62
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@ahmad_naquib, which indicator can confirm that can u suggest?
nilanjan62
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@ahmad_naquib, can u add a simple buy and sell marker?
jurlvarg
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@nilanjan62, this is useless as this script is only showing you potential Support and Resistance areas. You need another indicator (or more) to get confirmation if you can buy when price rejects from support.
empathicMeerka47905
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Hii
ismartinvesting
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@nilanjan62, more on the lines of buy the breakout of the blue line brotha. knowing for sure profits are made!!!
ismartinvesting
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@nilanjan62, but even at that anything can go wrong this is just a simple resistance and support to show a solid trend
MOHINI_BHOSALE
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@nilanjan62, sir namste ye indicator kaise lagana.sir please bata do.
nilanjan62
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use 50 days exponential moving average for nifty and bank nifty