INVITE-ONLY SCRIPT
[ABCOL] Panchak Support Resistance Levels (L1)
[ABCOL] Panchak Support Resistance Levels
This indicator is designed to help traders identify key support and resistance levels based on the Panchak period—a significant time frame in astrology-based trading. It allows users to input the current Panchak start and end date/time, as well as the start date/time for the next Panchak period. The indicator then automatically calculates and draws critical Panchak levels for the current period.
In addition to Panchak levels, the script also identifies and plots five support and resistance levels for the current trading period. These levels are based on Panchak price data and serve as potential price zones for market reversals or breakout points. By incorporating these Panchak levels and the additional support/resistance markers, traders can enhance their decision-making process and align their trades with key time-based market movements.
Key Features:
- Input fields for current Panchak start & end date/time and next Panchak start time.
- Automatic plotting of Panchak levels for the current period.
- Visualization of five support and resistance levels for the current period.
- Useful for time-based trading strategies, incorporating astrological cycles and technical analysis.
This indicator is designed to help traders identify key support and resistance levels based on the Panchak period—a significant time frame in astrology-based trading. It allows users to input the current Panchak start and end date/time, as well as the start date/time for the next Panchak period. The indicator then automatically calculates and draws critical Panchak levels for the current period.
In addition to Panchak levels, the script also identifies and plots five support and resistance levels for the current trading period. These levels are based on Panchak price data and serve as potential price zones for market reversals or breakout points. By incorporating these Panchak levels and the additional support/resistance markers, traders can enhance their decision-making process and align their trades with key time-based market movements.
Key Features:
- Input fields for current Panchak start & end date/time and next Panchak start time.
- Automatic plotting of Panchak levels for the current period.
- Visualization of five support and resistance levels for the current period.
- Useful for time-based trading strategies, incorporating astrological cycles and technical analysis.
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