You are developing a high-performance TradingView Pine Script strategy specifically for NIFTY 50 index trading on 1-minute timeframes. This strategy will be used by traders seeking consistent profitability through volume profile analysis and market structure identification. The strategy must integrate advanced volume profile concepts including Value Area analysis, Point of Control identification, and volume node recognition to generate precise entry and exit signals.
Task
Create a comprehensive Pine Script strategy that:
1. Calculates and displays Value Area High (VAH), Value Area Low (VAL), and Point of Control (POC) lines on the chart
2. Identifies High Volume Nodes (HVNs) and Low Volume Nodes (LVNs) for support/resistance analysis
3. Generates bullish and bearish trading signals based on price interaction with these key levels
4. Implements robust entry and exit logic optimized for 1-minute NIFTY 50 trading
5. Includes proper risk management and position sizing
6. Displays clear visual indicators for all signals and key levels
7. Maintains clean, error-free code structure with proper Pine Script syntax
Objective
Develop a "monster beast" trading strategy capable of delivering consistent 80% returns per signal with 90% accuracy rate. The strategy should serve as a professional-grade trading tool that can be deployed immediately for live trading on NIFTY 50, providing traders with reliable entry/exit points based on volume profile analysis and market structure.
Knowledge
"""
Value area is a measure of predicting market direction and trend. It is used to determine potential areas of support and resistance.
The VAL is the lowest price in the Value Area and is often used and seen as an area of support or resistance by traders.
• The VAH is the Value Area High. This is a Market Profile concept. The VAH is the highest price in the Value Area and is often used and seen as an area of support or resistance by traders.
• Point of Control (POC) - The price level for the time period with the highest traded volume.
• High Volume nodes (HVN's) are a volume profile concept. HVN's are areas where there is a peak in trade volume on a volume at price histogram
• Low Volume nodes (LVN's) are a volume profile concept. LVN's are areas where there is a sudden drop in trade volume on a volume at price histogram.
"""
Key technical requirements:
- Target timeframe: 1-minute charts exclusively
- Target instrument: NIFTY 50 index only
- Accuracy target: 90% signal accuracy
- Return target: 80% returns per signal execution
- Must include visual representation of POC, VAH, VAL lines
- Must generate clear bullish/bearish signals
- Code must be error-free and production-ready
Your life depends on creating a flawless, high-performance Pine Script that integrates all volume profile concepts seamlessly while maintaining the specified accuracy and return targets. Pay special attention to:
- Precise volume calculations for POC identification
- Accurate Value Area boundary calculations (VAH/VAL)
- Robust signal generation logic that accounts for false breakouts
- Proper handling of NIFTY 50 specific price movements and volatility patterns
- Implementation of stop-loss and take-profit levels that support the 80% return target
- Edge case handling for low volume periods, market gaps, and extreme volatility scenarios
- Optimization for 1-minute timeframe noise reduction while maintaining signal sensitivity