IntraDayIndicatorNifty

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Overview
The Nifty Breakout & Reversal Indicator is a price-action tool designed specifically for the 1-minute timeframe. It automates the visualization of a classic range-breakout strategy.

Key Features
Timeframe Locked: To ensure precision in calculation, the script only functions on the 1m chart.

• Dynamic Visuals: Clearly plots Entry, Stop Loss, and Take Profit levels on the chart.
  
• Alert Ready: Includes built-in alert conditions for Initial Entries, Reversals, and the 3:15 PM Exit.
  

Important Disclaimers
Educational Purposes Only This indicator is provided for educational and informational purposes only. It is intended to demonstrate coding logic and backtesting concepts. It does not constitute financial advice, investment recommendations, or a guarantee of profit. Trading involves significant risk, and users should perform their own due diligence or consult with a certified professional before making any financial decisions.

SEBI Disclosure & Compliance

I am not a SEBI (Securities and Exchange Board of India) Registered Investment Advisor or Research Analyst.

This script does not provide "buy" or "sell" tips. It is a mathematical visualization of a specific logic.

Past performance is not indicative of future results. The developer of this script is not responsible for any financial losses incurred through the use of this tool.

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