This is the a bit edited to the previous script. As per regulations i have kept this as an open script. The only Difference to confirm your support resistance levels is an addition of simple moving average 21. Rules are the Same- -Trade long when above vwap and 21EMA -Trade Short when below the VWAP. EMA21 and EMA50 acts as support where as SMA 21 will show the Trend. Even though This script is purely based on EMA's, i tend to find the SMA21 as a good Support resistance/support while taking a trade as it avoids the wipsaws while taking an entry. Please Note- -This is a scalping Script so book profits and keep stoplosses accordingly. -When you put this script on the screen, remove everything except EMA9,EMA21,EMA50,EMA200 and the SMA21(keep the arrows and edit the arrows as you want) -This is not a plug and play script so tune it as you want on the settings. -Please consider using a VWAP always. -I have made this script after putting it into many indian stocks you have to tune it as per your stock exchange.
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