Combined Signal + Auto Day Plan + Volume — Strategy by PK-TELUGUTRADER
By PK-TELUGUTRADER
Performance Metrics
- Author: PK-TELUGUTRADER
- Symbol: NSE:NIFTY
- Timeframe: 5 minutes
- Net P&L: −13,643.94 INR (−1.36%)
- Win Rate: 17.8%
- Profit Factor: 0.264
- Max Drawdown: 13,758.95 INR (1.38%)
- Total Trades: 488
Description
📘 TradingView Description — Combined Signal + Auto Day Plan + VolumeStrategy OverviewThis strategy combines trend-following signals, daily context levels, and volume confirmation to generate high-probability intraday trading setups.It is designed to filter noise, identify trend direction early, and avoid trades during low-quality market conditions.🔷 1. Combined Signal LogicThe strategy merges multiple indicators to produce a single, cleaner signal:Long SignalTrend bias is bullishMomentum histogram (MACD/Custom) shows upward pressurePrice crosses above the midline (WMA/EMA/etc.)Volume supports the moveShort SignalTrend bias is bearishMomentum histogram shows downward pressurePrice crosses below the midlineVolume supports the moveThis reduces false breakouts and ensures signals appear only during strong directional moves.🔶 2. Auto Day Plan Levels (D-1 → D)The script automatically reads previous day levels and displays them on today’s session:Previous Day High (PDH)Previous Day Low (PDL)Previous Day Close (PDC)Previous Day Mid / Range ZonesOptional FIB levels or custom zonesThese levels act as intraday support/resistance, helping identify breakout, reversal, and retest opportunities.Behavior:D-1 levels are plotted from today’s open until today’s close.Levels do not overlap into the wrong day.Optional: extend lines to next day (D+1) for planning.🔷 3. Volume ConfirmationTo improve entry accuracy, the script checks for strength in volume:Volume > X-period averageVolume spike detectionRelative Volume (RVOL) filterOptional low-volume avoidanceA trade is taken only when the market shows real participation, reducing traps and sideways chop trades.🔶 4. Entry & Exit LogicEntryLong Entry: Combined bull signal + volume confirmationShort Entry: Combined bear signal + volume confirmationExitLong Exit → Histogram turns down (hist hist[1])Optional:Auto SL at PDL/PDHTrailing based on midlineTake profit using FIB or volatility levels💠 5. VisualsThe chart plots:Buy/Sell markersD-1 support/resistance linesTrend direction midlineVolume confirmation labelCombined signal statusColors and styles can be customized from the input panel.🎯 6. Purpose of the StrategyThis is a complete intraday automation tool combining:✔ Trend✔ Momentum✔ Volume strength✔ Key day levelsThe goal is to provide structured, mechanical, rule-based trading — reducing emotional decisions and improving consistency.