Strategy description

The BNF Advanced SuperTrend Breakout Strategy is a price-action–driven intraday system designed specifically for Bank Nifty’s high volatility and strong directional moves. The strategy uses an enhanced form of the SuperTrend indicator to identify trend strength, breakout zones, and high-probability entry points.

Core Logic:

• Trend Identification:
  The SuperTrend (with custom parameters) acts as the primary trend filter. When price closes above the SuperTrend line, it indicates a bullish environment; when it closes below, it signals a bearish environment.

• Breakout Confirmation:
  The strategy waits for Bank Nifty to break above/below a pre-defined trigger level (such as the previous candle high/low, ORB zone, or internal breakout level) only after the SuperTrend confirms the direction.

• Entry Zones:

  • Buy Entry: Price closes above both the SuperTrend line and the breakout level.

  • Sell Entry: Price closes below both the SuperTrend line and the breakout level.

  •