OPEN-SOURCE SCRIPT
NIFTY 5m Supertrend Scalper
46% win rate, 2:1 risk to reward ratio.
A disciplined intraday implementation of the classic Supertrend (ATR 10, multiplier 3) for NIFTY, computed on confirmed 5-minute bars and designed to be displayed and managed on a 1-minute chart. It is deliberately simple: in a year-long study we ran on NIFTY index data, this untuned classic outlasted every more sophisticated system we tested against it — including machine-learning filters and multi-indicator composites.
A disciplined intraday implementation of the classic Supertrend (ATR 10, multiplier 3) for NIFTY, computed on confirmed 5-minute bars and designed to be displayed and managed on a 1-minute chart. It is deliberately simple: in a year-long study we ran on NIFTY index data, this untuned classic outlasted every more sophisticated system we tested against it — including machine-learning filters and multi-indicator composites.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.