OPEN-SOURCE SCRIPT
SmartPulse: Advanced Intraday Signal Strategy for Indian Indices
SmartPulse is a robust and intelligent intraday trading strategy tailored specifically for Indian indices (such as Nifty and Bank Nifty) on the 15-minute timeframe. It is built to provide high-probability reversal signals by combining price action with volatility, momentum, and trend-based filters.
This strategy leverages a multi-layered approach to filter out noise and low-quality setups by analyzing:
Candle wick-to-body ratios to detect potential exhaustion zones
ATR-based consolidation detection to avoid trades in choppy markets
EMA trend alignment (EMA 20 vs EMA 50) to trade in the direction of strength
Optional RSI and volume filters to add momentum confirmation and improve accuracy
Intraday time filtering, aligned with Indian market session hours (9:05 AM to 3:20 PM IST)
It identifies reversal setups using prior candle analysis (e.g., long top wick on bearish candles or long bottom wick on bullish candles), followed by confirmation from the current candle and real-time indicators like ATR and volume. Traders can choose between basic signals (candlestick-based) and enhanced signals (with filters), or even restrict to trend-aligned signals for additional safety.
🟢 Long Signals are generated when:
Previous candle shows signs of seller exhaustion (long upper wick on a red candle)
Current candle confirms bullish momentum
Market is not consolidating
Volume and RSI (optional) support the move
Optionally aligned with an uptrend (EMA 20 > EMA 50)
🔴 Short Signals are generated when:
Previous candle shows signs of buyer exhaustion (long lower wick on a green candle)
Current candle confirms bearish momentum
Market is not consolidating
Volume and RSI (optional) support the move
Optionally aligned with a downtrend (EMA 20 < EMA 50)
✅ Key Features:
High-precision reversal signal detection
ATR-based consolidation filter to avoid chop
Optional volume and RSI-based signal validation
EMA-based trend alignment for safer entries
Real-time visual signals, alert conditions, and an info table showing market status
Fully aligned with Indian intraday trading hours
This strategy is ideal for scalpers, momentum traders, and intraday swing traders who seek reliable, filtered entries with minimal false signals in the fast-paced Indian stock market environment.
This strategy leverages a multi-layered approach to filter out noise and low-quality setups by analyzing:
Candle wick-to-body ratios to detect potential exhaustion zones
ATR-based consolidation detection to avoid trades in choppy markets
EMA trend alignment (EMA 20 vs EMA 50) to trade in the direction of strength
Optional RSI and volume filters to add momentum confirmation and improve accuracy
Intraday time filtering, aligned with Indian market session hours (9:05 AM to 3:20 PM IST)
It identifies reversal setups using prior candle analysis (e.g., long top wick on bearish candles or long bottom wick on bullish candles), followed by confirmation from the current candle and real-time indicators like ATR and volume. Traders can choose between basic signals (candlestick-based) and enhanced signals (with filters), or even restrict to trend-aligned signals for additional safety.
🟢 Long Signals are generated when:
Previous candle shows signs of seller exhaustion (long upper wick on a red candle)
Current candle confirms bullish momentum
Market is not consolidating
Volume and RSI (optional) support the move
Optionally aligned with an uptrend (EMA 20 > EMA 50)
🔴 Short Signals are generated when:
Previous candle shows signs of buyer exhaustion (long lower wick on a green candle)
Current candle confirms bearish momentum
Market is not consolidating
Volume and RSI (optional) support the move
Optionally aligned with a downtrend (EMA 20 < EMA 50)
✅ Key Features:
High-precision reversal signal detection
ATR-based consolidation filter to avoid chop
Optional volume and RSI-based signal validation
EMA-based trend alignment for safer entries
Real-time visual signals, alert conditions, and an info table showing market status
Fully aligned with Indian intraday trading hours
This strategy is ideal for scalpers, momentum traders, and intraday swing traders who seek reliable, filtered entries with minimal false signals in the fast-paced Indian stock market environment.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.