Strategy Overview: RENKO-Based Strategy with Donchian Channel & Awesome Oscillator Chart Type & Timeframe Chart Type: Traditional Renko Chart Time Frame: 1-Minute (for closing checks) Brick Size Calculation: (Index Value / 1000) Example: BN = 50,000 → Brick Size = 50 Nifty = 22,000 → Brick Size = 22 Indicators Used Donchian Channel Awesome Oscillator Rules for Buying & Shorting Buy Rule A buy is triggered when: The Renko closes above the Upper Donchian Channel of the given base symbol + (Half the Brick Size / Buffer) The Awesome Oscillator is green Buy Order Placement: Buy the nearest ATM/ITM Call Option of the indices Example: If BNF = 47,810 → Buy BNF CE 47,900 Short Rule A short is triggered when: The Renko closes below the Lower Donchian Channel + (Half the Brick Size) The Awesome Oscillator is red Short Order Placement: Buy the nearest ATM/ITM Put Option of the indices Example: If BNF = 47,810 → Buy BNF PE 47,800 Multiple Exit Rules Partial Exit: Exit half the quantity upon reaching a certain target Trailing Stop Loss (TSL): Exit the remaining quantity based on TSL Intraday Exit: If Target / SL / TSL is not triggered, exit by 3:15 PM Re-Entry Rule After TSL/SL Hit, re-enter when any brick closes above or below the Donchian Channel as per the above rules. Configurable Parameters Renko Brick Size: Adjustable parameter to set Renko brick size Donchian Channel Periods: Configurable upper & lower periods Target: Profit target in points Stop Loss: Place SL, and upon reaching the target, update it to TSL Trailing Stop Loss (TSL): Dynamic stop loss adjustment Number of Lots: Adjustable lot size Start Time: 9:16 AM (Trading start) Exit Time: 3:15 PM (Exit if conditions are unmet)