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Intraday Trading Indicator

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Indicator Overview
Moving Averages: Uses a fast EMA (9-period) and a slow EMA (21-period) to determine the trend direction.
Market Profile Approximation: Utilizes VWAP (Volume Weighted Average Price) as a simplified proxy for value area, acting as a dynamic support/resistance level.
SMC: Incorporates the concept of trend confirmation and price interaction with key levels, focusing on pullbacks to the fast EMA within a trending market.
Signals: Generates buy and sell signals when price crosses the fast EMA, filtered by the trend (fast EMA vs. slow EMA) and VWAP position, aiming for high-probability setups.
This design ensures responsiveness on short timeframes while filtering out noise, aligning with the goal of accurate signals for intraday trading.

Penafian

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