Important Level for the Day — Indicator by AuctionT

This script will give 1 important level for the day. It has moving average of vwap as well as ema. User can define the period. An important input for the indicator is previous days range. There is a parameter of divisor in which user can define in how many parts he/she wants to divide the previous day. Recommended values are just 3 or 4 not more than that.

Release Notes:

There was an error in one of the labels. Apologies.

Release Notes:

Added Few Extra conditions to for big gap days. Let me know the feedback in comments.

Release Notes:

New conditions to define auction process.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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