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GANN_0.09 setup
📊 0.09% Zone Indicator for Nifty & BankNifty (Intraday)
This indicator is built specifically for intraday traders on NSE, focusing on Nifty and BankNifty. It identifies key price zones based on the market's first 5-minute candle (9:15–9:20 AM IST) to help traders catch early momentum or set directional bias for the day.
✅ What It Does:
Detects the 9:15–9:20 AM candle on Indian market time.
Plots a Buy Zone and Sell Zone by adjusting the close price of this candle by ±0.09%.
Optionally plots three target levels (TP1, TP2, TP3) above and below this zone using +0.18% extensions.
Levels are drawn only for the current day, keeping your chart clean and focused.
All lines extend forward for 60 bars, perfect for short-term setups.
⚙️ How It Works:
Accurate detection using timestamp("Asia/Kolkata") to isolate the 9:20 AM candle.
Lines are drawn only once per day and reset daily.
A checkbox allows you to toggle target levels on or off.
Works across all timeframes without cluttering the chart.
🧠 Use Cases:
Ideal for scalping or breakout trading right after market open.
Acts as an intraday bias tool:
Price above upper zone = strength.
Price below lower zone = weakness.
Can be used in manual trading or integrated with automated setups.
🌟 Why Traders Like It:
Tailored for Indian markets with accurate time handling.
Uses fixed percentage logic instead of lagging indicators.
No clutter, no distractions — just clean, actionable levels.
No external scripts or dependencies needed.
This indicator is built specifically for intraday traders on NSE, focusing on Nifty and BankNifty. It identifies key price zones based on the market's first 5-minute candle (9:15–9:20 AM IST) to help traders catch early momentum or set directional bias for the day.
✅ What It Does:
Detects the 9:15–9:20 AM candle on Indian market time.
Plots a Buy Zone and Sell Zone by adjusting the close price of this candle by ±0.09%.
Optionally plots three target levels (TP1, TP2, TP3) above and below this zone using +0.18% extensions.
Levels are drawn only for the current day, keeping your chart clean and focused.
All lines extend forward for 60 bars, perfect for short-term setups.
⚙️ How It Works:
Accurate detection using timestamp("Asia/Kolkata") to isolate the 9:20 AM candle.
Lines are drawn only once per day and reset daily.
A checkbox allows you to toggle target levels on or off.
Works across all timeframes without cluttering the chart.
🧠 Use Cases:
Ideal for scalping or breakout trading right after market open.
Acts as an intraday bias tool:
Price above upper zone = strength.
Price below lower zone = weakness.
Can be used in manual trading or integrated with automated setups.
🌟 Why Traders Like It:
Tailored for Indian markets with accurate time handling.
Uses fixed percentage logic instead of lagging indicators.
No clutter, no distractions — just clean, actionable levels.
No external scripts or dependencies needed.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.