Aurora Indicator

The indicator is derived from the concept of Aurora Candles (Credit to RK Arora). Those who have studied the concept will understand.

Description

The script instantly calculates and highlights the largest candle (from high to low) in a user specified lookback period. It then plots the expected support, resistance, supply and demand levels. When a larger candle is printed, it will immediately plot the new levels.

How To Use

Use the indicator to find the largest candle in a specified lookback period.

• As soon as the Aurora candle is printed, future levels are plotted.

• If a larger candle is printed it will reset and create a new roadmap as big money dictates the market.

• The Aurora candle will mirror itself above and below X amount of times based on your settings.

• Colours, levels and lookback period are customizable.