The script is built with specific logic for BankNifty and would work only for Bank Nifty . A buy or sell signal will be indicated on the bar. The bar wicks should be used as a stop loss.This is meant for scalping and should be used in that trading style though it may at times prove to be postional.
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.