IntraEdge v12.6 for Nifty, Sensex, Bank Nifty.IntraEdge v12.6 is a complete session intelligence system for Nifty, Sensex,
and BankNifty intraday F&O traders.
It tells you what kind of day you are in, whether to look for longs or shorts,
when the setup is valid, and when to stand down entirely. Every piece of
information — gap context, VIX range, OR state, HTF alignment, session phase,
ADR capacity, and ATM strike — is on one chart, updated live.
No spreadsheets. No second monitor. No manual calculations.
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🛡️ What It Does
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1. Opening Range Breakout Engine
The 9:15–9:45 window on Nifty concentrates the highest institutional order
flow of the entire session. The high and low formed in this window become
the most significant intraday support and resistance levels of the day. A
clean break of these levels, followed by a retest that holds, is
statistically the highest probability intraday setup in the Indian market.
IntraEdge automates the entire process — forming the range, detecting the
break, waiting for the retest, and printing the entry signal.
The Rule: Do not buy the breakout candle. Wait for the R label.
After the OR seals at 9:45, the engine tracks the break direction and prints
an R label the moment price pulls back cleanly to the OR boundary and
closes back on the breakout side. A second valid retest prints R2 .
These are your entry signals — not the breakout candle, not the momentum
spike. The retest.
Profit Targets (T+0.5 and T+1.0)
Once the OR seals, IntraEdge projects four target lines using the OR range
itself as the measuring unit:
T+0.5 = OR High + half the OR range (first upside target)
T+1.0 = OR High + full OR range (trend day extension target)
T-0.5 = OR Low − half the OR range (first downside target)
T-1.0 = OR Low − full OR range (trend day extension target)
All four lines are permanently visible from OR seal onwards — both sides,
regardless of which direction price breaks. On a whipsaw day where OR
breaks up then reverses, your downside targets are already plotted and ready.
On a trend day: take partial profits at T+0.5, trail stop to the OR
boundary, hold remaining position for T+1.0.
On a tight OR day: T+0.5 is reached faster and tends to act as
support/resistance for a second leg. Size accordingly.
OR Quality Rating
Compares today's OR range width against a rolling 5-day average and labels
it , , or .
A Tight OR on low VIX is a coil — expect a sharp directional move once it
breaks. A Wide OR on high VIX is noise — the range itself is unreliable and
retests are harder to read. A Normal OR is the cleanest condition for
standard R/R2 entries.
Coil Detection
When price is trapped inside the OR with VPC bands compressing, the HUD
flags a Squeeze state with a bar count. The longer the squeeze, the more
violent the expansion. Do not fade a coil. Wait for direction and trade
the R.
2. VIX-Anchored Statistical Range
India VIX is converted into an exact point range for the session. This tells
you the statistical ceiling and floor the options market is pricing in —
before you place a single trade.
The critical detail: the anchor ignores the 9:15 AM opening tick, which is
frequently distorted by pre-market order imbalances. Instead it locks to the
9:20 AM stabilized price — the first clean price after the market has
absorbed the open. The HUD displays this as an absolute price range
(e.g. 23850 – 24248) so you can read it directly against the chart without
any mental arithmetic.
VIX Ceiling and Floor lines are plotted as permanent horizontal lines from
market open. When price approaches these lines late in the session with ADR
reading Exhausted, you are at the statistical boundary of the day's move.
This is where the PM reversal setup forms.
VIX Regime is also classified in the HUD:
High VIX (>18) — wider stops, smaller size, more signal noise. Every
threshold on every indicator is less reliable today.
Normal VIX (13–18) — standard operating conditions.
Low VIX (<13) — tight ranges, clean retests, higher mechanical accuracy.
3. Volume Price Channel (VPC)
The VPC is a volume-weighted band system that defines the intraday structure
in real time. Three zones:
Extended▲ — price is above the upper band. Trend is strong. Do not short.
Bull Zone — price is between mid and upper band. Bullish bias, look for longs.
Bear Zone — price is between mid and lower band. Bearish bias, look for shorts.
Extended▼ — price is below the lower band. Trend is strong. Do not buy.
The VPC Mid-line is the session's centre of gravity. Price above mid favours
longs. Price below favours shorts. A VWAP Carry from the prior session tells
you which side institutions started the day on.
HTF Matrix
A live feed of the 15m, 30m, and 1H VPC states shown as B▲ / B▼ / E▲ / E▼ / ⚪.
When all three timeframes agree — B▲|B▲|E▲ — the bias is confirmed and
full-size entries are justified. When they conflict — B▲|⚪|B▼ — reduce to
quarter size or skip. The HTF matrix is the single most important filter
before pulling the trigger on an R entry.
Runaway Filter
When the VPC Mid-line velocity exceeds threshold, the HUD flags RUNAWAY and
the Gap Strategy row switches to "No Fade." This means the move is
institutional and one-directional. Do not counter-trade it. Wait for a
structural pullback to a level before considering any entry.
PM Session VWAP
A secondary VWAP automatically anchors at 1:30 PM to track fresh afternoon
institutional flow. Treat this as the reference level for all PM session
trades — not the morning VWAP, which is now stale.
4. ADR Skew and Capacity
The 5-day Average Daily Range is tracked in real time and displayed in three
layers of information:
Percentage consumed — how much of today's statistical range has been used.
Direction skew — which direction holds the exhaustion.
↑ means the upside range is consumed. Longs are chasing a spent move.
↓ means the downside range is consumed. Shorts are chasing a spent move.
↔ means the range is balanced. Both directions still have room.
Three-tier label :
Consumed (0–60%) — statistical fuel available in both directions.
Used (60–85%) — one more leg possible, then expect mean reversion.
Exhausted (>85%) — the day's move is statistically complete.
New trend entries have negative expectancy from here.
When ADR reads Exhausted ↑ and price is approaching the VIX Ceiling, you
have a confluence of two independent statistical boundaries. This is the
highest probability PM reversal setup in the system.
5. Institutional Order Flow
Fair Value Gaps — highlights structural price imbalances where
institutions left orders unfilled. When price gaps through a zone too fast
for both sides to transact, it leaves a magnet on the chart. IntraEdge marks
these zones and automatically removes them the moment price returns to fill
them. No manual cleanup.
Liquidity Sweeps — flags when price briefly breaks PDH, PDL, or OR
boundaries with a wick and immediately closes back inside. This is
stop-hunting, not a genuine breakout. The sweep itself often marks the
reversal point.
Volume Absorption — marks high-volume doji candles where buyers and
sellers are matching each other in size. Directional resolution follows.
Absorption at a key level is a high-probability entry trigger.
Exhaustion Nodes — arrows at swing extremes where volume spikes with
a long wick at a 10-bar high or low. The institutional participation that
drove the move is now reversing. Do not chase. Look for the fade.
1H Doji Radar — detects indecision, gravestone, and dragonfly doji
formations on the hourly chart and marks them on your intraday chart. An
hourly gravestone doji at the VIX Ceiling is a reversal warning on two
independent systems simultaneously.
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📖 Session Playbook
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Phase 1 — The Open (9:15 – 9:45)
Read the HUD before touching the keyboard. Do not trade during this phase.
Gap Strategy — read this first.
If the gap has held for 60 minutes with session low above PDC, the HUD
flags Launchpad: DO NOT SHORT . This is a session-wide mandate. No
short trades for the rest of the day regardless of what other signals appear.
If the gap is fading toward PDC, watch for Gap Fill flag and potential
reversal at PDC.
VWAP Carry — read this second.
Bull Carry + Gap Up = trend day bias. Expect OR break up, R entry, hold
to T+1.0.
Bear Carry + Gap Up = conflicted. Expect either a gap fade or a choppy
range day. Reduce size expectations.
Bear Carry + Gap Down = trend day bias to the downside.
Bull Carry + Gap Down = watch for gap fill reversal.
VIX Regime — read this third.
High VIX today means every stop needs to be wider and every size needs
to be smaller. Reduce standard position size by at least 30% on High VIX
days before the session begins.
Phase 2 — The Breakout Window (9:45 – 12:00)
This is the primary trading window. The majority of the day's directional
move happens here.
The entry sequence:
1. OR seals at 9:45. Note the OR High, OR Low, and OR quality rating.
2. Wait for price to break cleanly above OR High or below OR Low.
3. Do not enter on the breakout candle.
4. Wait for the R label — the retest of the broken level.
5. Before entering, run the confirmation checklist:
✅ HTF Matrix shows at least 2 of 3 timeframes aligned with break direction
✅ VWAP Dist not showing ⚠ (price not already overextended from VWAP)
✅ ADR Capacity not at Exhausted
✅ Not within 20 minutes of Dead Zone
All four true → standard size entry.
Two or three true → half size or skip.
One or zero true → skip.
Target management:
First target: T+0.5. Take 50% off here.
Trail stop to OR boundary on remaining position.
Second target: T+1.0. Exit remainder or trail further on strong trend days.
Phase 3 — The Dead Zone (12:00 – 13:30)
Institutional volume drops to near zero in this window. Breakouts that look
clean will reverse. Ranges that look like coils will fake out. The chart
background dims automatically and the HUD Session row counts down to this
phase from 11:30 AM.
Rule: No new trend entries during the Dead Zone.
You may hold existing positions from Phase 2. You may not open new ones.
The only acceptable activity is managing existing trades and preparing the
PM session watchlist.
Phase 4 — PM Session (13:30 – 15:30)
Fresh institutional flow re-enters at 1:30 PM. A new PM VWAP anchors
automatically on the chart. Use this as the reference level for all
afternoon trades — not the morning VWAP.
The primary PM setup is a reversal or fade at a statistical boundary, not
a trend continuation. The confluence setup:
✅ Price has reached the VIX Ceiling or VIX Floor
✅ ADR Capacity reads Exhausted (>85%) in the direction of the move
✅ An Exhaustion arrow or Liquidity Sweep visible at that level
✅ HTF Matrix shows at least one timeframe turning against the trend
All four → high probability PM reversal. Size at standard.
Three → take the trade at half size.
Two or fewer → observe only.
After 3:00 PM the HUD counts down to close. No new entries once the
Session row shows "Closes in 20m." Options decay accelerates in the
final 20 minutes and risk-reward collapses.
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⚡ Alert Suite — 20 Conditions
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Every key event has a pre-configured alert. Set them once, monitor from
your phone. The most important alert is the R Retest — set this and you
do not need to watch the chart every bar during Phase 2.
OR Break UP / DN — fires the moment the OR boundary is breached
R Retest UP / DN — fires when the first entry label prints
R2 Retest UP / DN — fires when the second entry label prints
VWAP Reclaim / Reject — fires on VWAP cross in either direction
Launchpad UP / DN — fires when the session-wide directional mandate activates
Coil Alert — fires when VPC squeeze inside OR reaches threshold
ADR Exhausted — fires when daily range crosses 90% consumed
Gap Filled — fires when the morning gap is closed
Liquidity Sweeps — fires on PDH/PDL/OR wick reversals
Exhaustion Nodes — fires at extreme volume swing points
Volume Absorption — fires on institutional doji volume
Bull / Bear FVG Created — fires when a new imbalance zone forms
Momentum Alert — fires on RUNAWAY trend detection
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⚙️ Settings and Compatibility
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Designed for: Nifty 50, BankNifty, Sensex (NSE index charts)
Recommended timeframes: 5m primary, 3m or 1m for precision entries
OR window: Default 9:15–9:45. Fully adjustable for 15-min OR or custom end time.
All mathematics auto-scale to your active timeframe. Switch between 1m, 3m,
and 5m without changing any settings.
Futures volume routing is active by default on index charts, pulling volume
from the active Nifty futures contract for accurate VPC calculation.
Strike step auto-detects the instrument: 50-point intervals for Nifty,
100-point intervals for BankNifty and Sensex.
Previous Week H/L is toggled off by default to reduce visual noise. Enable
from settings when weekly swing context is relevant.
Pine Script® indicator
