This script is for intraday purpose and mainly for index traders. It works well on 3/5 min time frame. Script provides VIP ( very important pivot ) level and one support and resistance . It's ideal for price action traders trading breakouts and mean reversion. It is built on true range. It can be customized as per the traders requirement. True range is on daily time period. Divisor will decide the broadness of the range. Bigger the divisor narrower the range.
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.