Volume - Bank Nifty-15min Intraday

This indicator identifies buy and sell signals on a 15-minute intraday Bank Nifty chart, using price and volume. It plots:

One clear buy/sell signal per day.

An accompanying pivot line at a fixed distance (±50 points) from the candle.

Signal text labels with price level.

Intraday-only execution: Each day's signals and lines reset at the day’s end.

Nota Keluaran

"This indicator is designed for educational purposes only and helps visualize potential intraday buy/sell signals on Bank Nifty using CPR and volume-based logic—always backrest and trade responsibly!"

This intraday trading strategy is designed for Bank Nifty on a 15-minute timeframe, combining volume-based analysis and Central Pivot Range (CPR) filters to identify potential buy and sell signals.

🔍 Core Concepts:
Buy & Sell Analysis:
Uses Moving Averages to calculate buy and sell volume, further weighted by normalized volume.

Strict Signal Control:
Only one buy or sell signal is generated per day to reduce noise and overtrading.

CPR-Based Trade Filtering:
No trades are allowed if the CPR (difference between Top Central and Bottom Central pivot) is greater than 150 points. On such days, a “NO TRADE DAY - CPR > 150” label is displayed on the chart.

Signal Lines:
Horizontal lines are drawn from the signal candle price and extended throughout the day to visually represent trade zones.

EMA Confluence:
Includes EMA 50 and EMA 200 for trend context and potential confluence zones.

✅ Signal Conditions:

Triggered when buy signal line cross and sell signal line cross below

Nota Keluaran

This indicator identifies buy and sell signals on a 15-minute intraday Bank Nifty chart, using price and volume. It plots:

One clear buy/sell signal per day.

An accompanying pivot line at a fixed distance (±50 points) from the candle.

Signal text labels with price level.

Intraday-only execution: Each day's signals and lines reset at the day’s end.

2 days ago
Release Notes
"This indicator is designed for educational purposes only and helps visualize potential intraday buy/sell signals on Bank Nifty using CPR and volume-based logic—always backrest and trade responsibly!"

This intraday trading strategy is designed for Bank Nifty on a 15-minute timeframe, combining volume-based analysis and Central Pivot Range (CPR) filters to identify potential buy and sell signals.

🔍 Core Concepts:
Buy & Sell Analysis:
Uses Moving Averages to calculate buy and sell volume, further weighted by normalized volume.

Strict Signal Control:
Only one buy or sell signal is generated per day to reduce noise and overtrading.

CPR-Based Trade Filtering:
No trades are allowed if the CPR (difference between Top Central and Bottom Central pivot) is greater than 150 points. On such days, a “NO TRADE DAY - CPR > 150” label is displayed on the chart.

Signal Lines:
Horizontal lines are drawn from the signal candle price and extended throughout the day to visually represent trade zones.

EMA Confluence:
Includes EMA 50 and EMA 200 for trend context and potential confluence zones.

✅ Signal Conditions:

Triggered when buy signal line cross and sell signal line cross below

Nota Keluaran

// ===================== DISCLAIMER ===================== //
// This script is intended for educational and informational purposes only.
// It does not constitute financial, investment, or trading advice.
// Trading in financial markets carries a high level of risk and may not be suitable for all investors.
// Past performance is not indicative of future results.
// The author of this script is not responsible for any financial losses incurred.
// Always consult with a qualified financial advisor before making any trading decisions.
// ======================================================= //