MD Cyclic Points

MD Cyclic Points – Intraday Time & Price Framework
MD Cyclic Points is an intraday market structure indicator designed for Indian indices and stocks.
It combines time-based cyclic candles, price projection levels, Bollinger volatility zones, and a 2611 rule framework to help traders identify high-probability intraday reaction points.
This tool is best suited for 5-minute and 3-minute charts during regular market hours.
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🔹 Key Features
⏰ Cyclic Time Candles
• Automatically highlights specific cyclic candles during the trading session.
• Different candle numbers are used for 5-minute and 3-minute timeframes.
• Horizontal levels are extended from these candles for a user-defined number of bars.
• Helps identify time-based support and resistance zones.
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🕑 2:00 PM Setup (Optional)
• Detects the 2:00 PM candle (IST) on 5-minute charts.
• Draws percentage-based upper and lower projection levels from the candle close.
• Useful for late-session breakouts or reversals.
• Can be enabled or disabled from settings.
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📊 Bollinger Band Volatility Zones
• Uses a custom Bollinger Band setting (8, 0.2611).
• Dynamic background fill:
o Green → Price above upper band (strength)
o Red → Price below lower band (weakness)
o Gray → Neutral volatility
• Helps visually identify expansion and contraction phases.
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📐 First 5-Minute Range Levels
• Captures the first 5-minute candle of the day.
• Automatically plots:
o R1 & S1 levels
o Midpoint
o Mid-Resistance & Mid-Support (dashed)
• Levels update in real time and reset each trading day.
• Useful for intraday bias and mean reaction zones.
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⚙️ Recommended Usage
• Timeframes: 5-minute (preferred), 3-minute
• Market: Intraday equity & index trading
• Best combined with price action and volume
• Avoid usage in illiquid instruments
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⚠️ Disclaimer
This indicator is intended for educational and analytical purposes only.
It does not provide buy/sell signals or financial advice.
Always manage risk and confirm signals with your own analysis.