Pullback Signals for BANKNIFTY & Nifty

narenkram Updated   
⚠️Use it on 3min time frame
Pullback Buy CE/PE Scalp Signals and High Volume Indication for BANKNIFTY & Nifty

This indicator is designed specifically for:
  • Nifty Spot
  • BANKNIFTY Continuous
  • Nifty Continuous

It provides:
  • Pullback Buy and Sell Signals (CE/PE) 📊: Based on high volume indications and sideways market detection.
  • High Volume Signals 🟢🔴: Differentiates between high volume positive and negative signals.
  • Sideways Market Detection ⏸️: Identifies periods of sideways movement to optimize signal accuracy.
  • EMA Filtering 📉: Uses Exponential Moving Average (EMA) to filter signals in trending markets.
  • VWAP Plotting 📊: Includes the Volume-Weighted Average Price (VWAP) for additional trend analysis.

Ideal for scalping strategies in trending and sideways markets.
Release Notes:
Update code & chart

Open-source script

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