This indicator helps in figuring out the directivity as well as optimum entry criteria in an Intraday Trade Most of the times in market, it makes a good sense for any trader to have a particular bias, the indicator helps provide biases with the potential target bands
Explore it and come up with your own explanation! The indicator is self intuitive
Buy when Blue price tracker line appears Sell when Orange price tracker line appears
Target the just next band line! or Pivot
Which timeframes it works best ? It is designed for 1 minute
Can you please make this Indicator visible to Nifty Fin Serv... We can only see nifty and Bank Nifty. and stocks
crypto_juju
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Out of interest what's the band that together with the daily vwap form the red/green channels? Is it some kind of rolling average vwap? Thx
Ankit_1618
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@crypto_juju, Those are Normalised and Cyclicity Removed, Kalman Standard Deviation Bands , just to see the normalised intent of the VWAP Structure
crypto_juju
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@Ankit_1618, Sorry I don't know the Kalman method too well but just to be clear, I am talking about the purple line that ends up intersecting with the daily vwap. Is that still to do with the Kalman method? Thx
Ankit_1618
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@crypto_juju, See the Script has a trend Filter (pivot critical) a VWAP Band (Kalman) a Kalman Estimation of Boundaries