OPEN-SOURCE SCRIPT
Nifty Support-Resistance Breakout (Nomaan Shaikh)
The Nifty Support-Resistance Breakout Indicator is a powerful tool designed for traders to identify key support and resistance levels on the Nifty index chart and detect potential breakout opportunities. This indicator automates the process of plotting dynamic support and resistance levels based on historical price action and provides clear visual signals when a breakout occurs. It is ideal for traders who rely on technical analysis to make informed trading decisions.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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