AuctionT

Important Level for the Day

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 and 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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