ProChart NF50 1H

This indicator is designed specifically for Nifty 50 Index on the 1-hour timeframe, optimized for options trading (For Call entries based on index direction).
It automatically identifies high-probability Buy and Sell signals, using a combination of trend structure, volatility filters, and momentum logic. The goal is to capture clean directional moves with controlled risk.
🔍 What the Indicator Does
✅ 1. Generates Buy & Sell Signals
Buy signal appears when the trend flips bullish and volatility confirms the momentum.
Sell signal appears when upward momentum weakens and reversal logic triggers.
This helps option traders decide when to enter CE (Call) or Exit positions with better timing.
📈 Example of Signals on Chart
The chart shows:
Buy signals at early trend stages
Sell signals when momentum weakens
Take-Profit markers based on trailing logic
Trend structure lines to visualize the move
This makes spotting trend continuation and reversal trades extremely simple.
📊 Backtested Performance
Based on historical Nifty 50 (1-hour timeframe): (On 14/11/2025)
Total Trades: 329
Win Rate: 51.67%
Profit Factor: 1.83
Largest Win: ₹944.05
Largest Loss: –₹307.15
Average R Multiple: 0.46
Max Win Streak: 7
Max Loss Streak: 6
These stats show high reward-to-risk stability, with controlled losses and strong upside streaks.
🎯 Why This Indicator Works Well for Options
Nifty 50 moves cleanly on higher timeframes
1-hour candles reduce noise
Signals are not overly frequent
Momentum and ATR-based filters help avoid choppy markets
Easy visual signals help traders take CE decisions confidently
This indicator is ideal for:
Intraday & Swing Options Traders
Traders who prefer rule-based signals
Nifty Index direction traders
💡 Overall Purpose
This tool simplifies the process of identifying:
Trend continuation
Momentum breakouts
Profit-taking zones
Early reversals
It helps option traders take trades based on clear, objective, visual signals, instead of guesswork.
⏱️ Recommended Timeframe:
Optimized for 1-Hour Charts
💬 Note: This is a paid indicator. Access is granted upon subscription.
For inquiries, trial access, or support, please contact us directly via TradingView or our official social channels.
Market Risk Applies – All trading involves risk. Always use proper risk management and never rely solely on any single indicator for trading decisions.
Backtesting Recommended – Before live trading, test this indicator on past data and in simulated environments to understand its behavior and limitations.
Disclaimer: We and our private indicator are not registered with SEBI (India), the SEC (U.S. Securities and Exchange Commission), or any other financial regulatory authority. The information provided is purely for educational and informational purposes and does not constitute financial or investment advice. Please consult a registered financial advisor before making any investment decisions.
Skrip jemputan sahaja
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Dr_Bean directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Arahan penulis
Penafian
Skrip jemputan sahaja
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Dr_Bean directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.