All About SP Indicator | TradingView Indicator | Nifty Scalping | Intraday Options.

hello everyone welcome to stock fings myself pru svaraj so how you guys doing in this video I'm going to discuss in detail about the SP indicator now we recently launched the indicator it's been a great success and many students are able to make a good amount of profits with this indicator this video is going to a bit lengthy one because I'm going to discuss into to end how to you can use the indicator how to get access how to make a DEC ENT amount of returns in intraday usually we don't give too much of importance for intraday for the first time for the benefit of our students we're doing this so without wasting much time we'll go back to the presentation and see what we have to offer in this indicator I have a small presentation prepared for all of you guys and uh now let's go to the presentation now this is all about a phix indicator it's an indicator which has been designed by stock phix team and as I said this it's going to be a little bit of lengthy video because I'm want to explain everything about it I'll not take much time about this indicator it's designed on trading View for the benefit of our students it helps you to do a data analysis visualization and it gives you a important signals and alerts instantly it helps you to make your trade automated it helps you to trade your uh take a important improved decision and also helps in doing back testing as well let's leave about this quickly we'll go back to the indicator and we'll try try to understand now let me go to the system and give you a direct technicals information this indicator has been designed by stock Phenix with the help of existing available indicators we had toen multiple combination of alerts and with one specific vendor we worked upon this and we have designed this and we have launched this I'm not telling this is the best indicator industry I'm not it's the number one indicator it is also on the indicator which works good in the market now this indicate most people says indicator will work automatically give you buy and sell signal we have not designed that we designed in such a way that you should have some amount of knowledge in stock market and your manual intervention is required to use this indicator now this indicator has been designed keeping in A View to work in free trading view version as well so you need not to have a paid trading view version it works even in a free trading view trading view platform now for this indicator once you get the indicator from my team or from our uh company I will tell you how to get the indicator by end of the session once you get the indicator just go to indicator sections you can find SP intraday just click on that indicator will get automatically added into your system okay it's not SP intraday it is sp indicator okay it's SP indicator so once you add this indicator it'll come something come like this on your screen it takes a few seconds to load it once it is loaded it comes like this now what exactly here I'll explain you one by one by one now the main features are this L and S what does it mean it simply means you that it gives you a alert on the Longs side trend is getting changed or when the trend is getting for short site this alert will come that is s as well as L long now uh without this PP I'll explain one by one by one and maybe we can go to this PP at the latest stage so once that is done right so you have to go and do some settings change now there's something called as here trend line one and trend line two two things are there one is background color one is uh bar color these all things are there I'll explain you one by one what are the features of these indicators now first and foremost you can add indicate background color also it is the one more way of doing an uh what do you say uh identification of Trend in the market right now this indicator works on five minutes time frame only of course it works on high time frame but for the scalping method we have to use for five minutes time frame with the CH change time frame into five minutes it looks something like this once it gets loaded it looks something like this okay so a background color simply indicates that you can continue to stay on long when the background is in a green color avoid shorting continue to stay on short when the market is in background is is red color avoid taking long entries that's the one important indication about this background color a a visual ual representation to make your informed decisions now let me go back to settings I'll disable this background color there's trend line one and trend line two two trend lines are there let me explain you with trend line one first now this is a table I'll explain the table later so as of now I'll disable the table as well okay so now once you enable this you have you get some kind of a dotted lines here okay these are acted as a stoploss for your entries that is the actual stop loss defined by the system for your long entry okay St it is called the trailing stoploss it keep on going keep on going keep on going the small dots next thing is a first and foremost logic whenever uh you are trying to go for longer Trend this has to be about this black line only which is trend line one okay we should go long trade only Above This initiate your short trates only when you see Candlestick pattern below this okay one second entry is okay that is one part and you have a long entry here what is long long means that the trend is getting changed and when the long is generated this first candle you can ignore okay after ignoring the first candle second candle you can make an entry for a long entry and you keep on on riding this trend of course it's by end of the session for 3:00 you can ignore the trade next day this is what is re re means it's a retracement entry so for example this is a quite a big amount of uptrend now you cannot uh miss the long signal and wait for a further long signal to get one more so because you missed this entry so what we have designed in system is whenever the stocks come comes back to the downside level but the stock is still on uptrend WE generate a re-entry which is called as retracement entry now this retracement entry helps you to capture the trend so if you miss the long trade you can next catch a retracement entry or maybe one more retracement entry don't take all retracements it's again it is also working for a scalpers now this indicator we have designed with the system knowledge with the coding but of course human AI intelligence is required to design multiple strategies out of this one strategy you can design a strategy on your own that I will do a entry on every retracement and I'll book Five Points of profit so design your own strategy nothing wrong in that now once you have a retracement entry now this retracement give you a profit this ret entry gave you a profit or trailing stop loss this retracement on it is giving you a complete amount of good amount of uptrend so right from this Zone 2575 975 close to 400 points of rally what you have got it and again we are not trying to capture the entire rally all we need is 10 points in options that's all we are expecting to catch outs indicator okay now I go you understood what is meaning by uh first entry what is re-entry now let me add the one more trend line uh indicator which is trend line two if I add this now whenever the stocks comes for retracement this was one was a stop loss it over here but system did not generate any sell signal whenever the stocks comes back to this this support Zone one more entry can be made for a longer side similarly it comes for short side as well so when it goes back comes down hits the Zone make a one more long entry you can write the trend write the trend now whenever the stock is trading on this kind of a range it is completely a range bound Market you have to avoid trading on those days see because we are doing in a five minutes time frame you'll be able to get the trend very easily on this time frame right this is a completely muted Market if you see the morning 10 BL itself one candle Happened One Long happened then the candles are happening around these trend line 192 when is closed by hugging each other on the trend line because hugging hugging Trend hugging Trend those days you have to avoid so after going for a muted Trend if the stock is or Nifty is about to give a break out it gives you a retracement entry you can catch these retracement entries so Point number one you have to avoid when this Market is muted of course we expect market today also Market was quite muted and when you see this candles are hugging one green one red one green one red literally you have to avoid if your stop loss get hit one two stop loss you have to come out of the trade you should not be trading for the rest of the day on that particular uh once again for the particular Nifty okay now that is one and second thing is uh next second option is we also have one more indicator called as bar color so what is this bar color when you enable this when you enable this this gives you a indication that the current existing trend is on a very very strong note for example we have a green here we have a green here then turned into a aqua blue which means that the trend is getting stronger of course this one went down then again Trend got picked up on green then aqua blue when you see this aqua blue back to back back to back back to back that gives us a confirmation that the trend is expected to be on a same direction the lot of buying volume is coming into the picture then you have to stay on a long side now similarly the red candle will be normal cell when the cell color turns into a dark red color which means that the buying pressure coming in the market selling pressure coming in the market you have to stay on the the cell side because we are trading on five minutes time frame the trades are going to be a very quick returns also be going to be very quick stop loss expect to be very small because this Market is turning back you'll be exiting the trade with the minimal stop loss because you're trading on a lower time frame but you have to bit faster enough okay now second thing is now I I explained trend line one so when the black line is very very important when the it's above black l line it is a uptrend it is below black line the trend is on a downtrend and above black line also it goes up comes back it hits this trend line one you can make in one more beautiful entry these are reentries as per this trend line one concept however if you feel it is too much of uh confusion for you guys you can even remove the trend line trend line two and keep a automated signal on re-entry to make your re-entry so it's clear this gives you very clear picture how to stay on the trend so if example this particular it was keep on giving keep on giving keep on giving retracement entries it has moved up to 500 points but again all we is only 10 points in a day for example previous day also here if you could see there's a decent amount of cell you can miss this cell Now One More Concept to be kept in mind is whenever a signal gets generated if you you see a quite a big candle in the market avoid entries because the momentum of sell would have been gone then the stock went for a muted mode and a consolidation then we got a retracement entry then it has fallen so if you missed the one uh main signal because of higher candle look for a first retracement entry don't go for second and third retracement entries on the other side if you could see here it goes a beautiful long signal then if you could have missed this so long signal came on this candle then same time we also got a retracement and creat a double confirmation when you get double confirmation when you see this beautiful dark Aqua Blue candles it's a beautiful trend of 22,8 to 22,400 again close to 300 points of move all wi is only 10 points of move to make our daily targets it's a pretty pretty simple and straightforward so now after said that I'll put this uh points over here pause this video read the points it will clearly explained whatever I explain now plus I request you guys to pause the video read this one by one by one then only you'll get to understand what I have missed it it is mentioned over here secondly the second point is now U when do we take a for example the black line is here and we have already told that don't make an entry on the long side when the candle is long coming on the downside of this Market that is agreed but when the candle formation happens greater than 100 points from the this line which means that the line is trading at around 22 22,200 this is 22,40 so almost 160 points is a difference between this line and this line close to 1203 points now you can make an entry in these counters provided when there is greater than 100 points of move from this our black line towards candle that is a good entry to go for a long you need to avoid when the long comes in these sides we have to completely avoid to show an example of that side uh okay not this this is a muted and retracement and okay here you can avoid it is very close by long right so let me show some example okay this also okay this is again about this uh you can also avoid that and let me show some examples also it'll be easy for you guys to understand yeah similar time don't go for a shot when it is above this line but you can go for a shot if signal comes for 100 points above this line if you get sell signal it is well and valid reason being when the market is in below this it's generally downtrend when the market goes completely downtrend when it takes a reversal we do not wait want to wait till it crosses this black line then take a long Trend the momentum would have been gone considering that we have given a fixed points of 100 points so that there's an ample amount of gap between here a zone of muted will not happen here on this reversal it'll go back to the above the red line black line and above the black line of of course we will get automatically long will get generated and sometimes sometimes you may get a retracement entry without getting a long signal also that is also a valid let me show you if I could get something like that okay for example this particular day on 23rd there was no long entry a retracement entry was triggered because long was triggered previously so if you look at market today the long entry was not triggered so sometimes when you get a retracement entry without long signal it is also valid retracement entry that is one point which I want to highlight it let me go back and check what does mean then the trend line above the market long side never never plan for a short side if candle is blow trend line and take a long trade if the current market price should be far at least 100 points away from the trend line if the candle is below trend line then short side never plan long trck same thing with the 100 points signal line entry long short accordingly convert the same into C so what exactly it means that whenever you get a long signal or retracement entry you did not trade in Futures you convert this into options okay convert into options and you can take take your option trades uh with a premium of ATM one Lot close to premium of 100 rupees you can plan okay now I'll explain all those things inent risk management shortly okay and next thing is uh sometimes we may get reentry signal before signals that also can be considered if the trend is supporting the that same direction if the candles are above the trend line signals after entering the position hold the potion till you get the reversal signal 3 minutes chart for profit booking so what does it mean means that when you're going for extreme long Trend okay something like this sort you're getting long long long very much long so you would have got a beautiful profits from here to here and you don't want to miss a big profits on this big downfall because we trading in options premium may drop quickly in such instances what we see is convert time frame into three minutes time frame and catch the early cell signal and catch the early sell signal to exit your trades it gives you sell on top of the trend because it's on a lower time frame first the buy or sell will come in lower time frame only but entry have to be taken only on 15 minutes time frame don't go not 15 5 minutes don't go below five minutes next is color change I said it is aqua blue will get changed entry for 5 minutes time frame only exit can be 3 minutes depending upon you can do a trailing stop loss Target should be small and consistent profit don't keep too much big Target so what exactly we plan here is you take a premium of 100 rupees keep the stop keep the target test just 20 points keep SL of 10 points which means that if you take 100 rupees one lot right if you take 100 rupees as a premium as one lot and you'll be uh maybe you can even take four Lots right four Lots is 100 in your investment be 10,000 rupees Target for for 120 as a Target yeah you will get 2,000 Rupees and stop loss as 190 rupees where you will lose a risk of 1,000 rupees so your maximum risk you have to keep in a trade is only th000 rupees so we can even trade with a very very minimal Capital you might have seen lot of people are trading with low capital and they're able to make 5,000 6,000 profits with every day consistently with the help of the indicator okay one next next point is uh profit it will be booked avoid trading for forther day if you get 2,000 Rupees per day stop it don't do when there's a gap up gap down avoid trading when there stop loss levels are too far then there's a huge gap Gap up gap down avoid for the first long and short trades when signals are not clear avoid trading ins sideways Market when signals are back to back after two stop loss set avoid trading for the day I said two stop loss 2K is your risk 2K would be your profits on every entry what 1,000 is risk so you can take two trades in a day when the two trades when you get signal back to back it itself confirms that the market is going on a muted Trend avoid trading for the day so you want to do with a small investment of 10,000 rupees only people L 30 40K in a day we are trying to take a trade with just 10,000 rupees and if you get two such trades in a day or if you tral stop loss like this easily 34k can be minted with this small Capital only that's the beauty of this indicator okay next Point uh next what we have okay now wait for the clear signal as for the above references and sometimes what happens because it STS sometimes you may see a scenario where the re-entry will appear then it may disappear sometimes when the cand when the candle is going on a good green it says re-entry after hitting this low when the candle comes back to break this low this will get disappear but when the candle formation completes if it go to next candle this will never disappear so that's why we say current candle you can ignore it's a five minutes time frame when the signals get confirmation then you can enter into a second candle okay that is one more point you have to keep it in the mind because system is designed like that okay maintain stick stick stop 12 to 15 points so if you taken premium of 100 rupees your 90 would be a stop loss keep Target of 120 and the important point is you have to keep a trailing stoploss very very very important so there's no tool available for nowadays to click uh traing stoploss and terminal but yes we are planning to design a tool which will be implemented if you become success on this where if you enter at 100 rupees system will put a stop loss at 90 Target as 120 it'll automatically trial now some Brokers are enabl this option earlier we had it in between They removed it now again they're adding it if you get that now you can make this inate 100 rupees premium ATM and uh stop loss as 90 or 5 maximum 1,500 rup stop loss then keep Target as 120 then trading stop loss you will not lose money okay when Target reaches book when Market moves up 10 points Trail your stop loss Plus cost two points to cover your brokerage and taxes when Target just Target riches book profit wait for next signal when you make a profit for the day it's highly recommended to avoid trading further for the day maintain same number of lot size do not increase at least make 30 40,000 rupees consistently take out all your Capital take 50% of profits start again with 25,000 rupees Capital with the profits from the market then you can increase the lots to two lots and four Lots six Lots eight Lots 10 Lots you can increase on slow by slow when the profit incre initially starting do not start with 10 lot 20 30 Lots there risk of ending losing money because it's not completely automated you are the one who taking decision whether to make an entry or not okay money m said 10,000 rupees Lisk of 1,000 rupees reduce 50% lot size on expiry Daye to avoid risk not stick with Direction trade along with the chart signals on average two three trades even after stop- loss H is possible to make a desired amount of profits it will it will work okay it will work now couple of things which I wanted to further highlight to you guys is one way of trading this is you can automatically get a signals for trading number two is if you are following your own trading method what I'm trying to say is if you're following a fibo or a moving average method or a stop loss loss reverse method or a swing trading low reverse method or support support resistance trading method so when you see any uh stock as of now we enable it for all stocks as well when you see any stock which is expected to go long you're expecting the stock to go long that Time come back and put put that indicator in our system for example if you're trying to go long on adani right then system says like this you should avoid Trading long on adani because the system Trend itself is short now here this short is valid because we are more than a quite amount of candles about this and this is you have to uh it's a good short signal you're planning for long trades book your long and stay short right if it breaks this further big amount of short is expected right and coming back to stoploss the entry candle the signal candle have to be as low as possible this signal candle low itself will be considered as a stop-loss it is very very tiny stop loss on breaking this the long will trigger something like this still you could have got a decent amount of move move this 135 to close to 145 10 points of move in this particular stock right so it works even in stocks as well on top of it we have one more feature called as tables so what happens when you put on tables it gives you a trend of the stock automatically on 15 minutes time frame what is a trend in this stocks the major stocks in Market which has a potential to move the market it comes over here now now today's HDFC Trend was 15 minutes was quite bullish okay if you had HDFC Bank see it is witnessed a beautiful bullish today you could have made ample amount of profits in HDFC right now if you want to change this stock we have given you option go to inputs and change whatever stock you want to change right we even have an option to that as well Nifty closed in Red Bank Nifty closed in green 15 minutes Trend was a Nifty was a downtrend bank Nifty was an uptrend this works in all instrument but we are specifically designed to work in Nifty on a best possible ways Bank Nifty was a bullish Nifty was a quite uh bearish by end of the day on a 15 minutes time frame it also shows you as I said you can change whatever script you want for your own references see click on script name and change the script whatever you want that's one part on top of it uh if you guys feel that sir I'm cannot watch the entire signals for the entire day do you have an automation yes we do have an automation of similar sort just click on this and click on ADD alert on SP indicator okay ADD alert on SP indicator and click on uh once per bar or only once right if it gives multiple signals you can add once per bar or you can see alert will trigger every time the condition is met or you have only once you can put once you can click once once per bar and long if you want only the long signals click on long if you want short signal click on short if you want retracement signals you can put as retracement signals you can put whatever alert you want and we're also planning to add one more overall indicator which gives you long short and re-entry everything because in free trading view you can add only one alert okay right uh then next is uh once you click on this click on notifications add your Web book URL so what is webbook URL go to your trading view platform go to stock phix bot slart when you start it you get a unique URL link this this unique URL link is unique for you and copy paste that link over here and click on create so whenever alert get generated automatically it alert will come to your Bot instantly and you can check the alert in the live market and you can take a decision instantly that option also we have enabled for everyone okay next feature is I I said entri is after signal candle and if you keep on getting retracement signals you can keep on holding your trades and second option is for example if you're trading example I had today one particular stock right M andm Mahindra and Mahindra I had a today indication that but today I would be getting into a not this I think it's Mahindra and Mahindra Finance no it's Mah M&M itself I you check in daily chart not this I had one more today is it my finance yeah this body particular one right now this particular one now let me switch this indicator and I have planned to go for long long uh on this counter on breaking 38.2 when you have something strategy like this then go back to check in the in the indicator what's happening in this counter right for another example now one example is one more is Mother sunsi okay this particular stock I have shared with everyone in the in the telegram stating that uh this is an good candidate for going a long trade right okay this cand is good for long trades or and above this 135.5 is resistance Zone breaking this the stock will give you a a beautiful up move so now once you have such kind of a strategy in it then you go back and switch to a this time frame or indicated time frame 5 minutes then you can start making your decisions over here it helps you to stay on long now this is again a muted Trend you should have avoided this over to make an any entry because the trend is not proper so it it gives you a multiple ways number one a proper entry and exits based on this automated signal second when you have a proper strategy or when you have entered into any stock you can use this indicator to maximize your profits and Trail your profits and number three when you decided to go long on any position or start short on any position then again check on this indicator it gives a double confirmation the trend is long you can go long or Trend to short avoid going long on this particular stock it gives you multiple ways to make use of this indicator second thing is how do we get this indicator now this indicator is given it is it can be accessed to free trading view for all the students who are uh um following us you can reach us on you can reach us on this telegram ID okay I'll be putting in the description as well reach this telegram ID and we will help you to get the access to indicator of course certain conditions are there it is given to the students and for the stock phics mentorship students reach the tech support team they will enable access for you right and the next step what we planning is we also plan to do a further automation what does it what is it it is mean that the minute I get this long signal or retracement signal because it is on five minutes time frame I have to go back to terminal pick up the ATM strike price which is 100 rupees see I'm telling 100 it need not 100 it can start 50 rupees we told 100 but I usually pick up the trade with 50 rupees strike price with 40 as my stop loss with 60 as my target 10 points here 10 points there I get most of times profits right when this re-entry comes I have to go back termin search for a particular strike price and add into the terminal then again put a targets put stop loss put trailing stop loss all hungama have to do it it by that time the momentum would have been go lost so plan to design a system which will moment it comes you get re-entry just click on go and start when you do this system will do rest all work automatically on your terminal that it will put 10 points 20 points of Target 10 points of stop loss with one is to one as a ratio with one points goes up SL will be moved to one point basically TSL so we planning to even implement this in the coming uh days into a new platform or we'll try to bring in The Bard so it is still under long discussion way to go but what are features we get implemented it will be given to our students as well as who have access to this particular indicator and uh uh yeah this indicator comes with a little bit of small cost if you could reach my team they explain what is the cost for it and it is not given for subscription to anyone even though if you pay 10,000 rupees to us it's not given to subscription it is specifically designed for our stock tring students you should have a proper understanding of Market how do you take a trend how do you decide the trend all those things have to be there and you can also go back to check the same stocks on a 15 minutes time frame in the 15 minutes you get a better Trend so you get a trend on a longer prospective okay let me switch off let me switch off this right let me uh switch off tables okay okay so once uh what I was telling okay so once it is done you can also check in 15 minutes time frame to see the bigger Trend so a strong trend is very very very strong we can hold on hold on hold again it's become muted turn you can exit so there's are many advantages are there now what all I explained it is just a part of this indicator it gives you I think I've explained all the options what is available here background color add trend line you can add median line as well it goes along with the trend and up arrow down arrow you can disable retracement entries if you want you can add retracement entries you can add tables if you want and visibility you can change what visibilities you want and you can have inputs inputs you need not change anything it'll automatically uh it it takes what is available there nothing Chang until you want to change these stocks for your selection so after having said that it's a pretty pretty decent explanation is what I've given a indicator I think this indicator uh you clarified all the doubts whatever you have in terms of indicator second thing is uh so I'll mention these conts in my description please follow our Channel and you have to be on touch in the channel so that we give you a further update of indicator and once the updation has been come on this today we releas one more version of small update in the in the channel and we told people that please uh uh Delete the indicator let me show that when you get a new update from our side right all you have to do is go back to the indicator delete the indicator save the chart and refresh that once after refreshing again add back indicator okay again add the indicator back from the invite only script you will be able to get the new updated features automatically into the your system that's what you're supposed to do and change what settings defaults default you want to change it and uh please do share your feedback and comments in the SE in the description of this video I'll share all the contact details and uh whatever comments doubts you have please drop into the comment section I'll be answering all those things without fail as early as possible I think this is video sufficient to know the importance of SP indicator how to use how to use a SP indicator then see you all in the next video where when I come with a solid proof of automation okay com Sol proof of automation I would be doing one more video where I will show you how can you automate the this system and make your trades more perfect that's all I want to in this video see you all in the next one more learning from stock phix till then stay tuned with us and don't forget to follow us on YouTube as well as our telegram Channel where I give regular updates and give you a lot of things learning for absolutely free thank you