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Indicator 1 - Farji AI

This document describes two indicators - Farji AI and Swing High Low - that can be used to generate trading signals on indices and stocks. The Farji AI indicator uses the 8 and 41 period exponential moving averages to identify golden crosses and death crosses, which serve as buy and sell signals. Settings of 5 and 15 are recommended for stocks instead of the default 8 and 41. Price targets and stop losses are provided based on the signal candle or trend reversal. The indicators are suggested for intraday, swing, and positional trades across equities, commodities, and cryptocurrencies.

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479 views4 pages

Indicator 1 - Farji AI

This document describes two indicators - Farji AI and Swing High Low - that can be used to generate trading signals on indices and stocks. The Farji AI indicator uses the 8 and 41 period exponential moving averages to identify golden crosses and death crosses, which serve as buy and sell signals. Settings of 5 and 15 are recommended for stocks instead of the default 8 and 41. Price targets and stop losses are provided based on the signal candle or trend reversal. The indicators are suggested for intraday, swing, and positional trades across equities, commodities, and cryptocurrencies.

Uploaded by

Telegram Recovery
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Indicator 1 – Farji AI

//@version=4

study(title="Farji-AI", overlay=true)

short = ema(close, 8)

long = ema(close, 41)

goldenCross = crossover(short, long)

deathCross = crossover(long, short)

plotshape(goldenCross, title="low", color=[Link], style=[Link],


location=[Link], size=[Link],transp=0) //plot for buy icon

plotshape(deathCross, title="high", color=[Link], style=[Link],


location=[Link], size=[Link],transp=0) //plot for sell icon

window1 = input(title='lookback window 1:', defval=8)

window2 = input(title='lookback window 2:', defval=41)

Indicator 2 – Swing High Low

(change settings to 10/10 (it is 5 / 5 by default for me)


Chart looks like this after plotting these both:

*For Stocks, change values to 5 and 15. They are 8 and 41 by default.
Arrows are to decide trade entry. Lines are for setting the targets (and deciding the R:R).

This is for index. Trainer claims this can be used for Intra / Swing / Positional and all segments – i.e.
Equity, Commodity, Crypto, everything.

(If you look at the underlying logic – yes, why can’t it be? 😊 )

The trainer prefers Futures over Options.

If you want to go for Options, go with ATM strikes.

He also suggests look at sectoral indices and pick up stocks accordingly (like if BankNifty is moving - pick
up HDFC or ICICI. If IT is moving, pick up Infy etc.). Or pick up few stocks like Bajaj Finance, Adani
Enterprises, Reliance, HDFC etc - and become masters in those.

Signals (arrows) forms in real time. Wait for candle to close.

Take entry on next candle open.

SL is the Low or High of the first candle (Buy / Sell respectively) - this is for Intraday.

For Positional, SL is the trend reversal signal (opposite color arrow).

3 / 5 / 15 min - Intraday - number of signals is very high in 3 / 5 min, he suggests taking entry on all of
them irrespective of SL hits. (Whattt??! 😐)

15 / 30 min - BTST / Positional (2-3 days)

He says target 200 points in Intraday (BankNifty) / 500-800 points in Positional.

For Nifty target is 40 points (Intraday) / 200 points Positional.

(I'll suggest do backtesting and decide for yourself, if you want a smaller target, trail etc. - 200 points you
don't get in BankNifty intraday, every day).
The lines using public indicator are useful only for Intraday trades, not Positional (but I was told that he
also contradicts this while giving his webinars).

Your target is decided by these lines. If the entry is very near to the target line, avoid that signal and wait
for the next one.

To sum up -

1) Entry is determined by the signal arrow

2) Stop loss depends on whether it's Intraday or Positional (signal candle Low / High for Intraday; Trend
Reversal for Positional)

3) Target - i) There is a points-based target,


ii) Positional he also says wait for Trend Reversal - so backtest this.

*For Stocks, target is 1% of the stock price - do not go for lines


(But he also mentions sometimes while explaining that lines can be taken as targets, so you will have to
do your own research here – see what is working)

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