BT-Astrology Indicator is fine tuned indicator to calculate and draw daly support and resistance based on Gann level for intraday trade or swing trade.
The original Idea is given by Mr. Alex from Badshai Trading; I am a Software Developer by profession so that I just coded it and add some signals for back testing. I also add following Indicator for better view: a) Simple Moving Average b) VWAP c) Bollinger Band
The Input section of the Indicator : SMA:- Length 35 as per Mr. Alex suggestion Minutes: Enter minutes in terms of number of minutes on which VWAP value will be taken for calculating the levels. By default it will be 20 means VWAP value of 9:35 AM candle will be consider for drawing levels.
How it works ? Buy : When resistance is broken with higher high formation and candle is above 35 SMA Sell : When support is broken with lower low formation and candle is below 35 SMA
Hope you like it!!!
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.