Intraday Price Action Indicator - Multi Timeframe

Jul 24, 2022

Hi,

Success in the stock Market without good Tool and Guidance is Challengeable.

Here is the Indicator which is very user friendly and effective for intraday Trading. Please checkout the Signature tab and Join the link if you need this.

Details of the Indicator:

Method of Trading – Intraday, Positional or Swing – Indices, Stocks and Commodity Markets

Golden Zones : When two or more indicator levels are confluences at one price point which will act as Strong Support and Resistance in the Market. That is called Golden Zone.

CPR & Pivot (Daily / Weekly / Monthly) – Based on the previous Timeframe values, it will automatically calculates the Support and Resistance values for the upcoming Sessions.

BUY / SELL Levels (W-Refers the Weekly levels) – Possible Reversal in the market we can expect at this price level. Depends on the Time frame (Daily/Weekly)

Bull BO / Bear BO (W-Refers the Weekly levels) – Possible Breakout level, If breakout happens price will move to reach the Target 1 and 2 Points based on which side the price breaks ( BULLISH / BEARISH ). We can initiate our BUY/SELL Entries.

Target 1 & Target 2 – Once the Price breaks the Breakout (Bull BO / Bear BO) levels, it will try to reach the Target Points where we can book our profits.

Tomorrow Levels - This will help us to enable the next day trading session Support and Resistance Levels in advance to do pre-analysis to prepare for the Entry and Exits.

Colored Candles : Lime Green and Violet colored candles will indicate the Possible Trend Reversals.

Triangles : Orange and Violet triangles will indicate the Confirmation of Trend Reversal.

BUY / SELL Signal – Considering the momentum and the Trend change it will suggest the possible entry time.

Dashboard :


1. Weekly Trend : This will indicate how the current week trend is going to be – Trending / Sideways
2. Today – Current Session expectation in the Market ( Bullish / Bearish )
3. Sentiment – Indicates the Traders mind set (Positive/Negative Side)
4. Range - This will indicate how the current Day trend is going to be – Trending / Sideways
5. MB / MA Trend – This identifies the major trend (Is the Stock / script in Up Trend or Down Trend)
6. Other Parameters – Will indicates the present situation in the market
7. RSI Values – This is to know and understand the momentum of the particular script