I wanna share an indicator that i use for intraday trade or swing trade. this indicator itself is using by institution or big player to find out overbought area or oversold area.
This indicator is VWAP ( Volume Weighted Average Price ) maybe some of u have heard bout this indicator lil bit same like moving average but this indicator it's not delay like MA & perfectly useful for intraday or scalping.
So if u look at the chart u can see the VWAP line is below the candle, it means that the price is already on overbought area which is u can wait for reaction candle to turn the opposite trend structure.. & u can see the market goes down after touching the overbought area..
U could find this indicator by go to the candle setting on binance & turn to tradingview chart & look for VWAP.
The VWAP setting that i always use
is hlc3 & open sesion.. it will perfectly useful if u could combine SMC or price action + this indicator.
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