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Intraday Masters Analogy
Intraday Masters Analogy is the tool where Buy and sell signals generates automatically according to the candles behavior.
It uses WD Gann Levels to calculate entry point with the help of VWAP.
Zigzag trend lines shows the momentum behavior for last few days and shows whether it following current trend or building new trend.
Pivot points determines the recent support and resistance levels.
Trading rule for this indicator
This indicator is designed for Indian equity stocks
Best performance is expected on 5 minutes chart or 15 minutes chart
Order thumb rule
1. avoid any trade signal before 9:35 AM Indian time
2. signal and and related stop loss candle must be formed in the same day
3. if order placed in 5 minutes chart then don't go for a target of 15 minutes chart
4. if order placed in 15 minutes time frame and target is too far then check the target in 5 minutes time frame
5. if signal candle touches the target then avoid the signal.
6. Money management is most important for this indicator.
7. Take trade only if it satisfy risk reward ratio
Signal
using vwap calculates gann square of 9 levels and if any smart money activity on that level then checks the confirmation of the trend by higherhigh or lowerlow formation
Buy Entry : entry price should be on the high of the candle before signal for buy and sl on bottom of flagged candle just before signal
SellEntry : entry price should be on the lowof the candle before signal for sell and sl on top of flagged candle just before signal
Warning : Don't place any order without stop loss
It uses WD Gann Levels to calculate entry point with the help of VWAP.
Zigzag trend lines shows the momentum behavior for last few days and shows whether it following current trend or building new trend.
Pivot points determines the recent support and resistance levels.
Trading rule for this indicator
This indicator is designed for Indian equity stocks
Best performance is expected on 5 minutes chart or 15 minutes chart
Order thumb rule
1. avoid any trade signal before 9:35 AM Indian time
2. signal and and related stop loss candle must be formed in the same day
3. if order placed in 5 minutes chart then don't go for a target of 15 minutes chart
4. if order placed in 15 minutes time frame and target is too far then check the target in 5 minutes time frame
5. if signal candle touches the target then avoid the signal.
6. Money management is most important for this indicator.
7. Take trade only if it satisfy risk reward ratio
Signal
using vwap calculates gann square of 9 levels and if any smart money activity on that level then checks the confirmation of the trend by higherhigh or lowerlow formation
Buy Entry : entry price should be on the high of the candle before signal for buy and sl on bottom of flagged candle just before signal
SellEntry : entry price should be on the lowof the candle before signal for sell and sl on top of flagged candle just before signal
Warning : Don't place any order without stop loss
Protected script
This script is published closed-source and you may privately use it freely.
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Disclaimer
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