BUY AND SELL Brahmastra Indicator

6 jam lalu

The BUY AND SELL Brahmastra Indicator is a versatile and comprehensive trading tool tailored for intraday and swing traders. It integrates advanced technical analysis features such as CPR levels, support/resistance zones, trend detection, volume analysis, and custom pivot points. This indicator is ideal for traders aiming to understand market movements and make data-driven decisions efficiently.

Key Features
CPR Levels:

Automatically calculates and plots Central Pivot Range (CPR) for today, tomorrow, and weekly levels.
Includes support (S1, S2, S3) and resistance (R1, R2, R3) levels.
Highlights historical CPR for reference.
Market Structure Analysis:

Detects Break of Structure (BOS) and Change of Character (CHoCH).
Highlights bullish and bearish market zones dynamically.
Volume Analysis:

Integrates volume-weighted signals using VWAP (Volume Weighted Average Price).
Tracks high-volume areas to identify key liquidity zones.
Supertrend Integration:

Identifies buy/sell signals using ATR-based Supertrend.
Includes customizable settings for sensitivity and alerts.
Order Blocks Detection:

Identifies bullish and bearish order blocks.
Alerts for price mitigation of order blocks.
ADX Dashboard:

Displays the ADX (Average Directional Index) for multiple timeframes (3m, 5m, 15m).
Helps assess the strength of the trend across different timeframes.
RSI Divergence:

Detects bullish and bearish divergences on RSI for trend reversals.
Includes customizable pivot levels for better accuracy.
Multi-Layer Customization:

Allows users to adjust colors, line styles, and visibility for various components.
Fully customizable for different trading styles.
How It Works
CPR and Pivot Levels:

CPR, support, and resistance levels are calculated based on the previous day’s high, low, and close.
Weekly CPR uses aggregated weekly data for broader market context.
Market Structure:

Analyzes price movements to detect significant structure breaks and changes.
Plots dynamic support/resistance zones for real-time market updates.
Volume and Trend Indicators:

VWAP tracks intraday volume trends for price direction.
Supertrend provides clear buy/sell signals with alerts for trend reversals.
Order Blocks:

Uses momentum to detect zones of interest where price action is likely to react.
Differentiates between bullish and bearish zones for precise entry/exit points.
RSI and ADX:

RSI identifies overbought/oversold conditions with divergence signals.
ADX measures trend strength and helps confirm the trend.
Key Inputs
CPR Settings:
Enable/disable tomorrow’s CPR, historical CPR, and weekly CPR.
Supertrend Settings:
ATR Period and multiplier for sensitivity adjustment.
Order Block Settings:
Custom sensitivity for order block detection.
RSI Settings:
Length and overbought/oversold levels for divergence detection.
Benefits
Real-Time Alerts:
Receive notifications for buy/sell signals, structure breaks, and order block mitigations.
Enhanced Visualization:
Clear and intuitive plotting of pivot levels, trends, and divergences.
Customizable to User Preferences:
Tailored settings for line colors, transparency, and indicator lengths.
Use Cases
Intraday Trading:

Analyze intraday trends using CPR, VWAP, and Supertrend.
Identify entry and exit points based on order blocks and RSI divergences.
Swing Trading:

Use weekly CPR and ADX to confirm larger trends and set targets.
Spot potential reversals with RSI divergences and market structure analysis.