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Lakshmi Mata Indicator

Introduction

Lakshmi-Mata setup is the combination of multiple indicators that will help us to trade any stock market
and Cryptocurrency.

The indicator will provide us with a high probability of profit with the help of price volume action

Why set up the name Lakshmi Mata?

Lakshmi also spelled Lakṣmī, also called Shri, Hindu goddess of wealth and good fortune. The wife of
Vishnu, she is said to have taken different forms to be with him in each of his incarnations. One who is
using this indicator lets them compound as much as.

Who can use this script?

I. The indicator can be used by Swing Traders and Positional Trades

II. The indicator is not helpful for the F&O and Intraday traders

How to access it?

https://www.tradingview.com/script/ywgk0L7m-Lakshmi-Mata/

Step 1: Open the above URL over any browser

Step 2: Scroll down the page at the end you can see Add to Favorite Indicators button click on that.
Refer to the below screenshot.

Step 3 : Refresh your Trading View account. Click on Indicator and See in the Favorites. Refer to the
below screenshot

This Indicator is only for study purposes.

LAKSHMI MATA SETUP | Ranganna Naik
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Lakshmi Mata Indicator

Features

The script adds the following elements to a chart:

➢ Shorter-time and Longer-term GMMA clouds
➢ 52-Week High / Low Flag
➢ Key moving averages
➢ Custom moving averages
➢ Relative Strength background
➢ PSAR
➢ % Change from different EMA ( 9, 21, 50, 200) and Different indicator buy and sell
➢ TTM Squeeze
➢ Support and Resistance
➢ Consolidation
➢ Buy and Sell Signal ( Based on Super Trend)

Shorter and Longer-term GMMA Clouds Explanation:

The Guppy Multiple Moving Average (GMMA) indicators provide an interesting approach using moving
average ribbons. As a trend trader, it’s not enough to just identify the direction of a trend and catch the
trend. Trend trading success depends not only on properly identifying the trend direction and catching
the trend after it has started but also on getting out as soon as possible after the trend has reversed.
Daryl introduced GMMA in his book, Trend Trading“.

The Guppy is a trend-following technique composed of 12 EMAs (or exponential moving averages). The
multiple lines of the Guppy help traders see the strength or weakness in a trend better than if only using
one (or two) EMAs.

The 12 EMAs are separated into two groups:

➢ A “short-term” group of EMAs.

➢ A “long-term” group of EMAs.

In the chart below, the two groups of EMA are differentiated by color.

This Indicator is only for study purposes.

LAKSHMI MATA SETUP | Ranganna Naik
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Lakshmi Mata Indicator
The “short-term” group is the blue cloud, while the “long-term” group is the red Cloud.

The trend is determined by the long-term EMAs, signals are given by the short-term EMAs.

You would enter a trade when a trend reversal occurs, which is indicated when one group crosses
over the other group.

When the short-term group crosses ABOVE the longer-term group, BUY.

When the short-term group crosses BELOW the longer-term group, SELL.

52-Week High / Low Flag

It will be drawing 52 weeks of high and Low Flags. you will be seeing red and blue Flags above the candle
stick. Refer to the below screenshot for an example.

RED Flag – Price < 52 weeks low

Blue Flag – Price > 52 weeks High

By default Enabled . You can enable checking the button

This Indicator is only for study purposes.

LAKSHMI MATA SETUP | Ranganna Naik
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Lakshmi Mata Indicator

Key moving averages

We consider 50-day (10-week), 150 days (30 Week), and 200-day (40-week) EMAs as our key moving
averages.

By Default, 200-day moving average is disabled to enable and disable you have to check in. It contains
two additional Custom day level EMA.

Relative Strength background :

It has the input parameters you can change the values accordingly which suits your strategy.

This Indicator is only for study purposes.

LAKSHMI MATA SETUP | Ranganna Naik
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Lakshmi Mata Indicator
By default, this will be enabled. You can disable the background color in case you don’t want to see the
background. To disable just uncheck

You can see the red and green backgrounds in the Trading view. Refer to the below screenshot to
understand.

The red background Indicates Relative Strength < 0

The green background Indicates Relative Strength > 0

Relative Strength background :

By default, disabled. You can enable checking the button and start using if you know about PSAR.

If you don’t kindly attend Vivek hackathon or Spend some time learning about it.

This Indicator is only for study purposes.

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Lakshmi Mata Indicator
%Change from different EMA and Buy/ Sell signal Table :

This table will try to explain how much far price moved from different key EMA’s and Buy SELL single by
different Indicator.

Refer to the below screenshot for the example.

TTM Squeeze:

TTM Squeeze is a volatility and momentum indicator introduced by John Carter of Trade the
Markets (now Simpler Trading), which capitalizes on the tendency for prices to break out strongly after
consolidating in a tight trading range.

Note: Don’t change any parameters

This Indicator is only for study purposes.

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Lakshmi Mata Indicator

Example:

Buy and Sell:

It will provide buy and sell in strength signals based on ATR . It will vary based on the inputs of ATR
provided. Kindly change the ATR according to volatility of stock.

This Indicator is only for study purposes.

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Lakshmi Mata Indicator

Example 1 : INOX Wind with ATR 3

Example 2 : Skipper with ATR 1

Additional Indicators:

Super Cycles – https://www.tradingview.com/script/7auZ1efP-Super-Cycles/

It will help to decide which cycle we are in. Green cycle will be indicated stock in trend and red cycles
indicate stock may in downtrend. Don’t buy any stock in red cycle. Refer to the below screenshot.

This Indicator is only for study purposes.

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Lakshmi Mata Indicator

Learning Materials

➢ Shorter-time and Longer-term GMMA clouds

https://www.youtube.com/watch?v=kjfW2BaeldU

https://www.investopedia.com/terms/g/guppy-multiple-moving-average.asp

https://www.babypips.com/learn/forex/guppy-multiple-moving-average

➢ Relative Strength
https://www.elearnmarkets.com/expert/premal-parekh
https://www.youtube.com/watch?v=4kWgpxbMoZs

➢ PSAR
https://www.investopedia.com/trading/introduction-to-parabolic-sar/

Upcoming Features:

Mark Minervini Trend Template in the table

This Indicator is only for study purposes.

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Lakshmi Mata Indicator
Join the telegram channels:

https://t.me/+yUVIF5X75wQ0MDM1

Note: if you have any queries reach out to me I will try to reply in free time

This Indicator is only for study purposes.

LAKSHMI MATA SETUP | Ranganna Naik