live Market Information Day Clue Indicator plots days information like "Initial Balance and Range", "Day Range", "Current Day Volume (for NIFTY and BANKNIFTY it takes the future volume)", "ATR", if the scrip is NIFTY or BANKNIFTY then it shows the difference between SPOT and Future price so that trader will come to know future is trading at premium or discount,it shows current day name at bottom right corner, and it plots the Ema-20 and Ema-200. These information will update during live market.
Information for Next Trading Session Day Clue Indicator plots "Previous Day High", "Previous Day Low", "Central Pivot Range-CPR with S1 and R1","It indicate tomorrow is Trading Day or Trading Holiday(other than Weekend Holidays)" these are information used for next day that will be plot today itself once market closed
Limitations of Day Clue Indicator
Day Clue Indicator only work in Indian Market(NSE and BSE)
Day Clue Indicator only work in "1-mins, 5-mins, 15-mins" Timeframes, if you switch to other timeframe like 30-mins,1-Hour, Daily then information will hide
Thank You
Release Notes
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Now in Day Clue Indicator users can Hide or Unhide and change color of the EMA, CPR, DATA LABEL, IBR, BAR CURSOR, PDH & PDL, DAY NAME and users can control how many number of days from the past user want to plot Day Clue Indicator(max number of days is 15, min is 0(if 0 is set then Day Clue Indicator will plot for current day only)
Hello Sir, How does 2-IB or 3-IB help? When the day is forming how does this info help in taking new trades? especially if it keeps on changing
Vignesh_vish
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Hello @msir2762, This 2-IB 3-IB's are not a standalone parameter for taking trade decisions, these denotes the imbalance of the auction process, if want to know more about this you have to read about market profile structure and market profile auction process.
cafespark88
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hi vignesh.Thank for ur nice indicator, i think there is a bug in indicator .it doez not showing volume for nifty segment which is showing volume as zero ..but works for BNF ..and also i have request for u ,to update feature like highlighting high volume candle .it will works to track the high volume candles..
msir2762
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Hello Vignesh, Can you suggest any good books to understand market profile. I read Mind over markets, but most of the content was over my head. I could not follow many things. You seem to have very good understanding of market. Can you suggest any simple or easy to understand books :)
Vignesh_vish
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@msir2762, only book I read was mind over markets I have not completed yet, you can watch 50chart and niftywizard videos that will be more helpful to understand market profile
msir2762
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Hello Vignesh, First of all thanks for sharing this wonderful indicator. Is there any possibility to limit the information for 5 days? currently labels are covering 22-30 days and making the chart clumsy. Also, it is not useful to have data of 22-30 days. Please let me know if it is possible. Thanks
Vignesh_vish
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@msir2762, yes bro in next update will include day limit, Thank you for your suggestion
msir2762
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@Vignesh_vish, Thanks. Keep making great indicators.
Vignesh_vish
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Hello @msir2762, I am happy to convey this to you that your suggestion was implemented, Thank you