Nifty 50 Intraday Breakouts with Indicator Filters and Trailing Exits
Summary
This intraday strategy combines price breakouts with Bollinger Band crossovers and a DEMA-versus-VWAP direction filter. It checks whether price exceeds a prior higher-timeframe closing high or falls below a prior low, while restricting entries to configurable trading days, market hours, and a date window. The default chart context is five-minute Nifty 50 trading, with daily highs and lows used for breakout reference.
Entries receive a fixed point stop, and optional trailing logic closes positions when price crosses a recent closing-price extreme. The script also closes positions outside the specified session and includes a monthly performance table with return, drawdown, and trade statistics. These are configurable backtest mechanics, not reported evidence that the strategy is profitable. The source does not provide performance results, and its behavior depends on timeframe, session settings, selected filters, and backtest assumptions.
Key ideas
- Entries require a close beyond a prior higher-timeframe extreme and a matching Bollinger Band crossover.
- A DEMA and VWAP relationship filters long and short signals by direction.
- Trading days, session hours, and the backtest date range are configurable.
- Fixed point stops and recent-price trailing exits provide separate ways to manage open trades.
- The included performance table reports backtest statistics but does not establish future profitability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.