*Presenting a setup in which there is almost everything that an Intraday Trader needs.
1) Trend Indicators
# Both the trend indicators are multicolored. # Very simple to Understand. Yellow means no trade zone, green - go long , and red - go short. # Trend Indicator 1 is an SMA(20). It will change its color according to the trend of the market. # Trend Indicator 2 will be plotted at the bottom of the screen. Based upon RSI # Buy/Sell labels are synced with Trend Indicator 1. Wait for the close of the candle to enter.
2) Pivot Points
# Plots Standard Pivots on the chart. # Additional option for plotting Fibonacci pivots is also given. # Plots standard pivots up to S5 and R5 # At the middle, it is pivot point (PP) level and multiple support and resistance levels
3) Daily Range
# 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.
4) Support/Resistance
# This indicator is used for finding support and resistance levels on charts. # So one can plan Targets and SL accordingly # 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 sup
5) CPR and CPR Next Day
# CPR is a very known indicator that indicates whether that helps in-stock selection. # This is a very crucial indicator as it shows the CPR levels for the next day. # One can make a guess by looking at the next day's CPR that whether the stock is going to be trendy/sideways the next day. # Isn't it cool if you had some idea about tomorrow's behavior of the market's trend.
6) VWAP
7) Major Intraday Indicators
# Plots label indicating the status of RSI and MACD.
8) Bollinger Bands
# The Upper and Lower Bands are used as a way to measure volatility by observing the relationship between the Bands and price