Intraday Master

前天

Intraday Master S/R Indicator - Pine Script
Overview
The Intraday Master (IM) indicator is a comprehensive trading tool designed for intraday traders. It combines multiple technical analysis components including dynamic support/resistance levels, gap analysis, and entry/exit signals to provide a complete intraday trading framework.
Key Features
1. Dynamic Support/Resistance Levels
• Zero Line: Based on VWAP from previous period
• R1-R4: Resistance levels calculated from zero level
• S1-S4: Support levels calculated from zero level
• Levels dynamically appear/disappear based on price action

2. Historical Reference Lines
• Previous Day High/Low (PDH/PDL)
• Weekly High/Low (WH/WL)
• Previous Weekly High/Low (PWH/PWL)
• Monthly High/Low

3. Gap Analysis
• Detects gap up/down at session open
• Configurable gap percentage threshold
• Gap direction influences initial bias

4. Trading Signals
• Buy Signals:
o Gap up conditions
o Crossover above R1 with price above zero level in early session
• Sell Signals:
o Gap down conditions
o Crossunder below S1 with price below zero level in early session
• Exit Signals:
o Multiple exit conditions for both long and short positions

5. Customizable Parameters
• Lines Show: Toggle visibility of all lines
• zeroLevel candle Valide: Number of candles to validate zero level signals
• Gap Percent: Minimum percentage for gap detection

Indicator Logic
Initialization
• Resets all levels and signals at daily session start
• Calculates zero level from previous period's VWAP
• Draws all historical reference lines

Dynamic Level Management
• R2/R3/R4 appear only when price moves above zero level/R1/R2 respectively
• S2/S3/S4 appear only when price moves below zero level/S1/S2 respectively
• Levels extend to current bar and adjust based on price action

Signal Generation
1. Early Session (First N number of candles):
o Buy signals on R1 crossover above zero level
o Sell signals on S1 crossunder below zero level
2. Gap-Based Signals:
o Gap up triggers immediate buy bias
o Gap down triggers immediate sell bias
3. Exit Conditions:
o Long exits on S1 crossunder, R3 crossunder, or hitting R4
o Short exits on R1 crossover, S3 crossover, or hitting S4

Visual Elements
Lines & Colors
• Zero Line: Yellow solid line
• R1/S1: Orange/Green with yellow fill between
• R2/S2: Red/Green thick lines
• R3-R4/S3-S4: Dark red/Dark green thick lines
• Historical Lines: Various colors with dashed/dotted styles

Labels
• Price values displayed on right side
• Level identifiers (R1, S2, PDH, etc.)
• Auto-updates position with price movement

Shapes
• Buy Signal: Green triangle below bar
• Sell Signal: Red triangle above bar
• Exit Signal: Orange X cross

Usage Guidelines
For Traders
1. Session Start: Watch for gap signals and early session moves
2. Level Interaction: Monitor price behavior at key levels (R1, S1, zero)
3. Multiple Timeframes: Reference weekly/monthly levels for context
4. Risk Management: Use exit signals to manage positions

Configuration Tips
• Adjust entry barcount based on your trading timeframe (higher for longer validation)
• Modify Gap Percent according to market volatility
• Toggle lines on/off to reduce clutter if needed

Limitations
• Designed for intraday use (resets daily)
• Requires sufficient historical data for accurate calculations
• Best used on liquid instruments with clear session breaks
This indicator provides a structured approach to intraday trading by combining traditional support/resistance analysis with dynamic price action triggers and gap theory.

前天

發行說明

Wrong Discription : Zero Line is Depend on New Day Price First minute open close bases