Nifty 0.09 Levels - Today Only

4 giorni fa

Nifty 0.09 Levels – Today Only
This indicator is designed for intraday traders on the NSE (National Stock Exchange of India), specifically for Nifty and BankNifty instruments. It identifies key price levels based on the candle that ends at 9:20 AM IST, which typically reflects the first 5 minutes of market structure after open.

What the Script Does
Detects the 9:15–9:20 AM candle (India market time).

Calculates a base level by adjusting the close of this candle by ±0.09%, creating an upper and lower bound.

Optionally plots three target levels (TG1, TG2, TG3) on both the upside and downside by applying further percentage extensions (±0.18% sequentially).

Displays these levels only for the current day, keeping your chart clean.

How It Works
The script runs on all timeframes and uses timestamp("Asia/Kolkata") to accurately isolate the target candle.

It conditionally draws horizontal lines using line.new() only if today's levels haven't already been drawn.

TG levels can be toggled on or off with a checkbox.

Levels extend visually for 60 bars (roughly one hour on a 1-minute chart) and reset daily.

Use Cases
Scalping or short-term breakout trades based on the early range.

Bias setting: Above the upper level indicates strength; below the lower suggests weakness.

Can be used in automated confluence setups or manual discretionary trades.

Why It's Unique
This tool is optimized for Indian market timing, and uses fixed percentage logic that's not commonly available in open-source range indicators. It cleanly isolates and visualizes actionable levels based on the early session candle without cluttering your chart with historical or irrelevant lines.

No external dependencies or additional scripts are required. Ideal for traders who value simplicity and precision early in the trading session.

4 giorni fa

Note di rilascio

Nifty 0.09 Levels – Today Only
This indicator is designed for intraday traders on the NSE (National Stock Exchange of India), specifically for Nifty and BankNifty instruments. It identifies key price levels based on the candle that ends at 9:20 AM IST, which typically reflects the first 5 minutes of market structure after open.

What the Script Does
Detects the 9:15–9:20 AM candle (India market time).

Calculates a base level by adjusting the close of this candle by ±0.09%, creating an upper and lower bound.

Optionally plots three target levels (TG1, TG2, TG3) on both the upside and downside by applying further percentage extensions (±0.18% sequentially).

Displays these levels only for the current day, keeping your chart clean.

How It Works
The script runs on all timeframes and uses timestamp("Asia/Kolkata") to accurately isolate the target candle.

It conditionally draws horizontal lines using line.new() only if today's levels haven't already been drawn.

TG levels can be toggled on or off with a checkbox.

Levels extend visually for 60 bars (roughly one hour on a 1-minute chart) and reset daily.

Use Cases
Scalping or short-term breakout trades based on the early range.

Bias setting: Above the upper level indicates strength; below the lower suggests weakness.

Can be used in automated confluence setups or manual discretionary trades.

Why It's Unique
This tool is optimized for Indian market timing, and uses fixed percentage logic that's not commonly available in open-source range indicators. It cleanly isolates and visualizes actionable levels based on the early session candle without cluttering your chart with historical or irrelevant lines.

No external dependencies or additional scripts are required. Ideal for traders who value simplicity and precision early in the trading session.