PROTECTED SOURCE SCRIPT
GIFTY opening range breakout
How to Use GIFTY Opening Range Breakout for NIFTY Trading:
This indicator marks the high and low of the first 3 hours (6:30 AM to 9:30 AM IST) of NIFTY trading. Once 9:30 AM hits, two horizontal lines extend until 3:30 PM showing the breakout levels.
Trading Guidelines:
Best used on 15-minute timeframe for NIFTY futures or options trading.
This indicator marks the high and low of the first 3 hours (6:30 AM to 9:30 AM IST) of NIFTY trading. Once 9:30 AM hits, two horizontal lines extend until 3:30 PM showing the breakout levels.
Trading Guidelines:
- Go LONG when price breaks above the green line (opening range high)
- Go SHORT when price breaks below the red line (opening range low)
- Or, play the reversal if the box is large
- The shaded gray box shows the opening range period where you should wait and observe
Best used on 15-minute timeframe for NIFTY futures or options trading.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.