This indicator prints buy and sell labels on a five-minute chart using rules built from fifteen-minute data: an EMA gap filter, RSI limits with a neutral no-trade band, a VWAP check and pivot-based support and resistance levels used for stop and target zones.
Indicator · Pine Script v6 · On the chart
NIFTY 5m Supertrend Scalper
A price-chart indicator designed for the one-minute chart of Indian index instruments.
GitHub stars1on the repository
Pine versionv6current
Lines of code121
Settings6inputs
LicenceNone stated
Last update2 months ago23 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
NIFTY 5m Supertrend Scalper computes a Supertrend with ATR length 10 and multiplier 3 on confirmed five-minute bars, so a flip signal appears on the first one-minute bar after the five-minute close. The position exits on the opposite flip or at an end-of-day time, and entries stop late in the session. Optional ATR bracket zones and previous-day high and low lines are drawn.
- Supertrend from confirmed 5-minute bars
- Flip entries with end-of-day exit
- Late-session entry cutoff
- ATR bracket zones
- Previous day high and low
Details
Published by
vedkanani123 on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR length (5m) | int | 10 | atrLen |
| ATR multiplier | float | 3.0 | atrMult |
| Show ATR bracket zones (info only — exits are flip/EOD) | bool | true | showBrkt |
| Previous day high/low | bool | true | showLvl |
| Bull | color | #089981 | cBull |
| Bear | color | #f23645 | cBear |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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