TNT Intraday Trading Strategy

█ OVERVIEW
The TNT Intraday Trading Strategy is a comprehensive intraday analysis tool designed for the Indian stock market (NSE). It evaluates multiple technical conditions to help traders identify potential directional bias for the trading day.

This indicator combines Opening Range Breakout (ORB) analysis with pivot-based positional bias, EMA trend confirmation, and gap/range analysis to provide a structured view of market conditions.

█ HOW IT WORKS
The indicator evaluates six conditions and displays them in a dashboard:

1. Price vs Pivot
Compares the current price against today's pivot level (calculated from previous day's High, Low, Close).
- Price above pivot suggests bullish bias
- Price below pivot suggests bearish bias

2. Positional Bias
Compares today's pivot with yesterday's pivot to determine the broader directional context.
- Today's pivot higher than yesterday's suggests bullish positioning
- Today's pivot lower than yesterday's suggests bearish positioning
- Includes reversal detection when price action conflicts with pivot trend

3. ORB Breakout
Monitors price relative to the Opening Range (first candle high/low).
- Price breaking above ORB high suggests bullish momentum
- Price breaking below ORB low suggests bearish momentum
- Price within the range suggests consolidation

4. Intraday Bias (EMA)
Compares current price against a configurable EMA (default: 34-period on 15-minute timeframe).
- Price above EMA suggests bullish intraday trend
- Price below EMA suggests bearish intraday trend

5. Gap Analysis
Measures the opening gap from previous day's close.
- Large gaps may indicate potential sideways/volatile conditions

6. ORB Range Check
Evaluates the size of the first candle's range.
- Wide opening ranges may indicate potential sideways/volatile conditions


█ FEATURES
- Real-time dashboard with traffic light indicators (🟢🔴🟡)
- Multi-timeframe support (1-minute, 3-minute, 15-minute charts)
- All calculations based on 15-minute data for consistency
- Visual ORB and Pivot lines on chart
- Historical ORB levels for last 3 trading sessions (toggleable)
- Lines extend from market open to market close (9:15 AM - 3:30 PM IST)
- Configurable thresholds for different symbols
- Two color themes: Dark Premium and Classic Dark
- Alert conditions for signal changes

█ HOW TO USE
1. Add the indicator to a 1-minute, 3-minute, or 15-minute chart
2. Wait for the first candle period to complete (default: 15 minutes after market open)
3. Observe the dashboard for condition status
4. All four directional conditions should align for a clear directional bias
5. Gap and Range conditions act as filters - if triggered, they suggest avoiding directional trades

█ SETTINGS
Opening Range Break (ORB) Settings:
- ORB Candle Duration: Duration of first candle (15 min, 30 min, 1 hour)
- Range Thresholds: Configurable for Nifty (points) and other stocks (percentage)
- Show Historical ORB: Toggle display of last 3 days' ORB levels

EMA Settings:
- EMA Period: Configurable period for the moving average (default: 34)

Gap Settings:
- Gap Thresholds: Configurable for Nifty (points) and other stocks (percentage)

Visual Settings:
- Line colors for ORB and Pivot
- Dashboard position
- Color theme selection

Alert Settings:
- Enable/disable alerts for Bullish, Bearish, and Sideways signals

█ DASHBOARD INTERPRETATION
The dashboard displays:
- Symbol, current price, date, and time
- Strength indicator showing bullish/bearish count
- Individual condition status with values
- Final verdict: TRADE BULLISH, TRADE BEARISH, SIDEWAYS, or MIXED

Traffic Light System:
🟢 Green = Bullish condition met
🔴 Red = Bearish condition met
🟡 Yellow = Neutral/Sideways/Caution
⚪ White = Waiting for data

█ LIMITATIONS
- Designed for Indian market hours (9:15 AM - 3:30 PM IST)
- Works only on 1-minute, 3-minute, and 15-minute timeframes
- Conditions update in real-time but ORB levels are fixed after the first candle
- Historical data requires the indicator to be on the chart for multiple days to accumulate
- Not suitable for overnight or positional trading decisions

█ DISCLAIMER
This indicator is a technical analysis tool designed to assist in identifying potential market conditions. It does not provide financial advice, trading signals, or guarantee any outcomes.
- Past performance is not indicative of future results
- Trading involves substantial risk of loss
- Users should conduct their own analysis and risk management
- This tool should be used as one component of a broader trading methodology
- Always consider your risk tolerance and financial situation before trading

The creator is not responsible for any trading decisions made using this indicator.