OPEN-SOURCE SCRIPT
Straddle Indicator - Padding Guide
The Straddle Indicator is designed to help traders visualize potential market movements by straddling the current price. This indicator draws two horizontal lines on the chart: one positioned above and one below the current price, based on user-defined offsets.
Key Features:
Dynamic Price Levels: The levels are calculated based on the current closing price, allowing the indicator to adapt to changing market conditions in real time.
Customizable Offsets: Traders can customize the offsets for the lines above and below the current price, providing flexibility to align with their trading strategies or market analysis.
Visual Clarity: The indicator displays the price levels as horizontal lines in distinct colors (green for above and red for below) along with corresponding labels showing the exact price levels, facilitating quick reference.
Current Bar Focus: The lines and labels are updated to only reflect the current bar, minimizing chart clutter and making it easy to focus on the most relevant price action.
This indicator is particularly useful for traders employing straddle strategies, as it helps to anticipate potential price movements and plan entries or exits accordingly.
Key Features:
Dynamic Price Levels: The levels are calculated based on the current closing price, allowing the indicator to adapt to changing market conditions in real time.
Customizable Offsets: Traders can customize the offsets for the lines above and below the current price, providing flexibility to align with their trading strategies or market analysis.
Visual Clarity: The indicator displays the price levels as horizontal lines in distinct colors (green for above and red for below) along with corresponding labels showing the exact price levels, facilitating quick reference.
Current Bar Focus: The lines and labels are updated to only reflect the current bar, minimizing chart clutter and making it easy to focus on the most relevant price action.
This indicator is particularly useful for traders employing straddle strategies, as it helps to anticipate potential price movements and plan entries or exits accordingly.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.