Indian Market: Elite Confluence Strategy by rishiatoul
By rishiatoul
Performance Metrics
- Author: rishiatoul
- Symbol: NSE:NIFTY
- Timeframe: 3 minutes
- Net P&L: +262.65 INR (+0.26%)
- Win Rate: 69.7%
- Profit Factor: 1.917
- Max Drawdown: 119.55 INR (0.12%)
- Total Trades: 33
Description
Why this is more accurate:VWAP Filter: You now only buy when the price is above the Volume Weighted Average Price (VWAP). This prevents you from buying into a "fake" move when the big institutions are actually selling.ADX Trend Strength: By requiring ADX > 25, the script ignores EMA crossovers that happen during "sideways" markets. This stops the script from giving too many losing signals when there is no real trend.Strict 2-Candle Check: The code now uses close and close[1] to verify that two separate candles have finished closing on the 3-minute timeframe.Safety Lock: The Break-Even SL ensures that if the price hits your first target (1H EMA) but then reverses, you lose ₹0 on the trade. AlgoTestAlgoTest +3Note: For the best results on the Indian Market, use this on a 3-minute chart for stocks like HDFC Bank, Reliance, or the Nifty 50 Index.Would you like to add a Dashboard that shows the current ADX value and VWAP status so you can see why a signal is being filtered?