Get access to the indicators
Apply the Indicator on your chart
To start using the Risological Swing Trader, which comes as a part of the Risological Suite open a chart on TradingView. Then, access the indicator menu by clicking on “Indicators” or pressing “/”.
Select “Invite-only Scripts” from the menu. You will see the names of the toolkits in this folder. Simply click on the tool you wish to use, and it will be added to your chart.
If you don’t see the invite-only scripts folder or the locks appear red, please try refreshing your browser/app.Risological Swing Trader: Start trading
Open your chart and favourite trading time frame.
– For LONG/BUY trade entry, the price should close above the trend line.
– For SHORT/SELL trade entry, the price should close below the trend line.
For both LONG and SHORT positions, take profit at every TP level as shown on the chart.
25% at TP1
25% at TP2
25% at TP3 and
25% at TP4
Alternate way to take profit
Risk takers can sell 25% at TP2, and 25% at TP4.
Hold the remaining 50% till the price touches or crosses (candle close) the trend line. You can catch the bigger trend this way.
Best Settings for Different Markets
The table below presents the recommended settings for different trading strategies using the Risological Swing Trader indicator. These settings are optimized for achieving the best results across various markets and timeframes.
Experienced traders can feel free to modify the sensitivity to suit their existing strategies, allowing for further customization and precision in their trading.
| Trading Strategy | Chart Timeframe | Sensitivity |
|---|---|---|
| Equity/Stocks long term holders | 1H & above | 110 |
| Equity Intraday trading | 15min & above | 60 |
| NIFTY Strategy | 15 Min & above | 60 |
| BANKNIFTY Strategy | 15 Min & above | 60 |
| CRYPTO Strategy | 4H & above | 110 |
This indicator works best if you use it on time frame above 15m. If you wish to use on time frames below 15m, then we highly recommend using the Risological Intraday Sniper, that is more suitable for fast-paced intraday trading setups.
Catch profitable trades
Whether you trade Nifty, Bank Nifty, Equity or Commodity, you can catch profitable trades in any market and any time frame.
