OPEN-SOURCE SCRIPT
SGX Nifty OHLC for Nifty 50 Index
Updated
SGX Nifty OHLC for Nifty 50 Index
What is this Indicator?
• This indicator calculates the OHLC levels of SGX Nifty.
How does SGX Nifty impact NIFTY and the Indian Market?
• Helps in predicting NIFTY50 Index behavior.
• The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50.
• SGX Nifty OHLC levels can act as support and resistance in Nifty50.
Who to use?
• Beneficial for Day Traders, who trade in NIFTY Index.
What timeframe to use?
• Use 1 minute for better accuracy.
• Other timeframes will also work.
Important Note
• Use 1 min timeframe for accurate OHLC.
• In other timeframes OHLC will have negligible difference, it won't be huge.
• This indicator will appear only on NIFTY Index and Futures chart.
• To hide the warning label go to the indicator Menu.
What is this Indicator?
• This indicator calculates the OHLC levels of SGX Nifty.
How does SGX Nifty impact NIFTY and the Indian Market?
• Helps in predicting NIFTY50 Index behavior.
• The closing price of today's 9.14 am (IST) SGX Nifty will be the Open of today's Nifty50 Open. This helps to determine the opening Gap of Nifty50.
• SGX Nifty OHLC levels can act as support and resistance in Nifty50.
Who to use?
• Beneficial for Day Traders, who trade in NIFTY Index.
What timeframe to use?
• Use 1 minute for better accuracy.
• Other timeframes will also work.
Important Note
• Use 1 min timeframe for accurate OHLC.
• In other timeframes OHLC will have negligible difference, it won't be huge.
• This indicator will appear only on NIFTY Index and Futures chart.
• To hide the warning label go to the indicator Menu.
Release Notes
Update: Updated with a Symbol input option.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.
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.