OPEN-SOURCE SCRIPT
SRT - NK StockTalk
SRT stands for Speculation Ratio Territory. It's a technique used in the stock market to identify the top and bottom of an index, which helps define the buying and selling zones.
Here's a brief overview of how it works:
Calculation: The SRT value is calculated by dividing the index value (like Nifty) by the 124-day Simple Moving Average (SMA) on a daily chart.
Range: The SRT value typically ranges between 0.6 (bottom) and 1.5 (top)2.
Investment Strategy:
Buying Zone: Ideal entry points are when the SRT value is between 0.6 and 0.9.
Selling Zone: It's recommended to start booking profits when the SRT value is above 1.3 and exit when it reaches around 1.4
This method helps investors make informed decisions about when to enter or exit the market, aiming for better returns and reduced risks.
Here's a brief overview of how it works:
Calculation: The SRT value is calculated by dividing the index value (like Nifty) by the 124-day Simple Moving Average (SMA) on a daily chart.
Range: The SRT value typically ranges between 0.6 (bottom) and 1.5 (top)2.
Investment Strategy:
Buying Zone: Ideal entry points are when the SRT value is between 0.6 and 0.9.
Selling Zone: It's recommended to start booking profits when the SRT value is above 1.3 and exit when it reaches around 1.4
This method helps investors make informed decisions about when to enter or exit the market, aiming for better returns and reduced risks.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.