Select Nifty strike value based on India vix condition

#1

Hello,

I am looking for develop an algo for intraday based on Resistance and Support, These Resistance and Support values will come based on Below Logic, Please help me.

Resistance Value : Nifty Spot Price * (100 + (India Vix current Price / SQRT(365))) / 100

Support Value : Nifty Spot Price * (100 - (India Vix current Price / SQRT(365))) / 100

#2

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Try this one for resistance. I used number 19.10 instead of SQRT(365)

1 Like
#3

Hi Racha, Thank you for your valuable response.

if possible can you create strategy in tradetron and give me the link please.