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Nifty Bustar

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Nifty Bustar is a comprehensive trading indicator designed specifically for Nifty traders.It combines multiple powerful technical analysis tools into one intuitive interface. The indicator provides clear trend direction signals, dynamic support/resistance levels, and pattern detection to help you make informed trading decisions.

Key Features:

1. Dual Trend Confirmation System - Combines Trend Wave and Main Sync indicators for reliable trend direction
2. Smart Background Colors - Visual alert system: Green (both bullish), Red (both bearish), White (conflict)
3. Opening Range Analysis - Identifies key levels from 9:15-9:20 AM session with projection targets
4. Dynamic Trendlines - Automatically draws support/resistance lines with swing detection
5. Pattern Recognition - Detects symmetrical triangle patterns for breakout opportunities
6. Round Number Levels - Optional display of key psychological price levels (25-point intervals)
7. Custom EMA System - Add your preferred EMAs for additional confirmation

Perfect For:

· Nifty intraday traders
· Swing traders looking for clear entry/exit points
· Traders who want multiple confirmation signals
· Those who need visual trend direction at a glance

Setup Recommendations:

· Use default settings for Nifty 5-minute charts
· Combine with price action for best results
· Look for confluence between different indicators

Risk Warning:
This is a technical analysis tool.Always use proper risk management and combine with fundamental analysis. Past performance doesn't guarantee future results.

Settings Customization:
All features can be toggled on/off in settings.Adjust parameters according to your trading style and market conditions.

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.