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📊 FINNIFTY STOCKS PRO DASHBOARD

Complete User Guide & Technical Documentation

Version 2.0 | December 2024

📋 Table of Contents

🎯 OVERVIEW

FINNIFTY Stocks Pro Dashboard is a comprehensive Pine Script indicator designed for trading FINNIFTY constituent stocks. It provides real-time analysis of all 20 FINNIFTY stocks with technical indicators, signals, and market sentiment analysis.

Key Highlights:

🌟 FEATURES

1. Real-Time Stock Monitoring

Tracks all 20 FINNIFTY stocks:

Banking Stocks: HDFCBANK, ICICIBANK, SBIN, KOTAKBANK, AXISBANK

NBFCs: BAJFINANCE, BAJAJFINSV, SHRIRAMFIN, MUTHOOTFIN, CHOLAFIN

Insurance: SBILIFE, HDFCLIFE, ICICIGI, ICICIPRULI

Others: JIOFIN, PFC, RECLTD, BSE, SBICARD, LICHSGFIN

2. Technical Analysis Columns

Column Description Color Coding
📌 SYMBOL Stock ticker symbol Dark gray background
💰 LTP Last Traded Price Gray background
📈 %Chg % Change from previous day Green (+) / Red (-)
📊 RSI RSI(14) value Red (>70) / Green (<30)
📉 Trend Price vs MA(20) UP / DOWN
💎 VWAP VWAP value & comparison Above / Below
📍 PDH/PDL Previous Day High/Low status ↑ PDH / ↓ PDL / Range
🎯 Signal Final trading signal 🚀 BUY / 🔻 SELL / ⚖️ NEUTRAL

3. Market Sentiment Bar

Bottom row shows overall market sentiment:

Displays counts: 🔥 BUY: X | 🔻 SELL: Y | ⚖️ NEUTRAL: Z

📈 CHART INDICATORS

1. Moving Averages

2. VWAP

Blue line - Volume Weighted Average Price

Key intraday reference level for institutional trading activity

3. RSI Labels

4. Support & Resistance Boxes

Zone Type Color Purpose
Resistance 🔴 Red Areas where price may face selling pressure
Support 🟢 Green Areas where price may find buying interest

Features:

⚙️ SETTINGS & CUSTOMIZATION

Color Theme Settings

Theme Element Default Color RGB Value
🟢 Bullish Color Green RGB(0, 200, 83)
🔴 Bearish Color Red RGB(255, 82, 82)
⚪ Neutral Color Gray RGB(150, 150, 150)
⚠️ Warning Color Yellow RGB(255, 193, 7)
🎨 Header Color Blue RGB(33, 150, 243)

How to Change Colors:

  1. Click on indicator settings (gear icon)
  2. Go to "Style" or "Inputs" tab
  3. Click on color boxes to select custom colors
  4. Click "OK" to apply changes

Technical Settings

RSI Settings

RSI Length 14 (default) Range: 1-50
Overbought 70 Alert threshold
Oversold 30 Alert threshold

MA/Trend Settings

MA Length 20 (default) Range: 1-200
Long MA 200 Major trend indicator

Volume Settings

Volume Avg Length 20 (default) For average calculation
Volume Spike Multiplier 2.0 (default) Unusual volume detection

🎯 SIGNAL LOGIC

Individual Stock Signals

🚀 BUY Signal

Conditions (ALL must be true):

  1. ✅ Price > EMA(20)
  2. ✅ Price > VWAP
  3. ✅ RSI < 70 (not overbought)

Interpretation: Strong bullish setup with momentum

🔻 SELL Signal

Conditions (ALL must be true):

  1. ❌ Price < EMA(20)
  2. ❌ Price < VWAP
  3. ❌ RSI > 30 (not oversold)

Interpretation: Strong bearish setup with downward momentum

⚖️ NEUTRAL Signal

When conditions don't meet either BUY or SELL criteria

Interpretation: Sideways movement or consolidation phase

Master Market Signal

Calculation Logic:

Total Stocks = 20
BUY Count = Number of stocks showing BUY
SELL Count = Number of stocks showing SELL
NEUTRAL Count = 20 - (BUY + SELL)

IF BUY Count >= Threshold (default 7):
    Master Signal = BULLISH 🟢
ELSE IF SELL Count >= Threshold:
    Master Signal = BEARISH 🔴
ELSE:
    Master Signal = NEUTRAL ⚖️

Use Cases:

📊 TRADING STRATEGIES

Strategy 1: Trend Following

Setup:

Exit:

Strategy 2: Mean Reversion

Setup:

Entry:

When RSI crosses back above 30

Exit:

At resistance zone or when RSI > 70

Strategy 3: Market Sentiment Trading

Setup:

Portfolio Approach:

Strategy 4: Breakout Trading

Setup:

Execution:

🔧 TECHNICAL SPECIFICATIONS

Performance Metrics

Specification Value
Security Calls 40 (within TradingView limit)
Max Labels 500
Supported Timeframes All (1m to 1D)
Data Source NSE (National Stock Exchange, India)
Script Version Pine Script v5
License Mozilla Public License 2.0

Code Optimization

Limitations

  1. Historical Data: Works on available NSE data only
  2. Real-time Updates: Depends on TradingView data feed
  3. Security Calls: Fixed at 40 (2 per stock)
  4. Box Limit: Old S/R boxes auto-deleted to maintain performance

❓ FAQ

General Questions

Q1: Which timeframe is best for this indicator?

A: Depends on trading style:

Q2: Can I use this for stocks outside FINNIFTY?

A: Code is specifically designed for 20 FINNIFTY stocks. For other stocks, symbols need to be modified in the code.

Q3: Why are some cells showing "n/a"?

A: Data not available for that stock/indicator at current time. Usually happens during pre-market or data feed issues.

Trading Questions

Q: Should I follow all BUY signals blindly?

A: No! Always use with:

Q: What's the win rate of these signals?

A: No indicator guarantees profits. Past performance ≠ future results. Always backtest and paper trade first.

⚠️ DISCLAIMER

IMPORTANT - PLEASE READ CAREFULLY

  1. Not Financial Advice: This indicator is for educational and informational purposes only. It is NOT financial advice.
  2. Trading Risks: Trading in stocks and derivatives involves substantial risk of loss. Only trade with money you can afford to lose.
  3. No Guarantee: Past performance does not guarantee future results. Signals may fail.
  4. Do Your Research: Always conduct your own analysis before making trading decisions.
  5. Backtest First: Test strategies on historical data and paper trade before risking real money.
  6. Market Conditions: Indicator performance varies with market conditions (trending vs ranging markets