1) This strategy is created for Indian Index like Nifty , Bank Nifty and so...
2) Trades are initiate only after 10:15 AM and before 3:10PM
3) High and Low of the day break will be check during the above time frame
4) value will be check ( 50)
5) and trade will be initiate
6) Stop loss set as 20...
Note: This Script will work fine in Index future chart not index spot chart...
This is just my idea only... Please back test yourselve, before using it..
Your comments are welcome!
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 a publication is governed by House Rules. You can favorite it to use it on a chart.