Iceberg Intraday Learning


A setup which contains Most Useful 14 indicators, that any Intraday Trader might require.
Below will see one by one-

1) Trend Following Icebergs - (3 Different Indicators to choose from)
--> The trend following indicators optionally.
--> Very simple to understand, yellow indicating sideways, green - going upside, and red - going downside.
--> Trend Indicator - 1st Iceberg is HMA Crossovers
--> Trend Indicator - 2nd Iceberg is SMA (20). It will change its color according to the trend of the market.
--> Trend Indicator - 3rd Iceberg is RSI (14) in EMA , will be plotted at the bottom of the screen.

2) Classic Pivot Points & Floor Pivot Points:- ( 2 Different Indicators to choose from)
--> Classic Pivot Points having 5 Supports & Resistances on the chart.
--> Floor Pivot Points , At the middle, it is pivot point ( PP ) level and multiple support and resistance levels
--> Floor Pivot Points is a very known indicator that indicates whether that helps in-stock selection.
--> This is a very crucial indicator as it shows the Floor Pivot Points levels for the next day.
--> One can make a learn by looking at next day's Floor Pivot Points that whether the stock is going to be trendy/sideways the next day.

3) Support/Resistance
--> This indicator is used for finding support and resistance levels on charts.
--> Helps in getting pullbacks and exit levels
--> Lines will change color automatically if any candle closes above the support/resistance line. It will change it's to green.
--> Similarly, it will change its color to red if the price is below the support

4) Highs/lows, SuperTrend Up Down ( 2 Different indicators to use)
--> Plots Highs / Lows in the selected time frame.
--> Added SuperTrend indicator with length 10 with source HL/2 and multiplier to be 2.

5) Dynamic ATR - Average True Range (14 Days)
--> It plots 2 important levels at the starting of the day.
--> 2 bands are plotted in the morning when the market opens, resembling strong support/resistance zones.

6) First Candle
--> This will highlight the first candle that is formed of the selected time interval.

7) Bollinger Band
--> Bollinger band is also added for better catching the momentum as seen on chart.
--> The Upper and Lower Bands are used as a way to measure volatility by watching the relationship between the Bands and price

--> VWAP is useful for learning trend direction in any market conditions.

--> Plots label indicating the status of RSI and MACD .

This works for Intraday Trades - when the resolution is kept to less than 1 hour ( Say 3 , 5 , 10 , 15 Mins), This works well when the resolution is kept to 1 Day - Good for Swing Trades spanning over a few days, This works well when the resolution is kept to 1 Day or Week - Good for Investments.

Trend Indicator - 3rd Iceberg Is a repainted based on the hybrid RSI Logic

Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell but everyone has their own Risk Management Strategies based on the capital deployed.

If you like it and find it useful or if you find a defect or bug , Please let us know in the comments .. that would encouraging !! for us to develop it further

Coded for learning INDIAN Markets.
CAUTION:: There could be scenarios when the breakout/breakdown candle is rejected , especially when it is long one
so it is always recommended to have a confirmation candle that open-closes above the breakout candle / open-closes below the breakdown candle.

Disclaimer: No Investment Advice Provided, You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Inspiring to learn the Pine making market learnings easier.

Thanks & Regards,
Iceberg Intraday Learning.
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.
Want to use this script on a chart?