OPEN-SOURCE SCRIPT

Circuit % Marker w/ Mirrored Arrows

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📈 Indian Market Circuit Limit Change Tracker

This indicator automatically tracks circuit limit changes (price bands) as applied in NSE/BSE stocks.
🧠 How It Works:

Start from a user-defined initial circuit limit (e.g. 10%)

If the upper or lower limit is hit, the script waits for a user-defined cooling period (e.g. 5 trading days)

After that, it automatically adjusts to the next lower or higher band (e.g. from 10% to 5%)

Shows a visual label with the current circuit % right on the chart — placed above or below candles for better visibility

🔧 Custom Inputs:

Starting Circuit % — choose between standard NSE/BSE values (20%, 10%, 5%, 2%)

Cooling Days — how many days must pass after a circuit hit before it’s allowed to change again

Label Positioning, Color, and Size — fully customizable to suit your chart style

🚫 No Clutter:

Doesn’t draw circuit limit lines

Just clean, small labels at key turning points — as seen in real trading dashboards

🔍 Notes:

NSE and BSE manually assign circuit bands — this script does not fetch live exchange data

Use it as a visual tracker and simulator of how circuit behavior would evolve under fixed rules

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.