JustUncleL

Sweetspot Gold R4-22 - by JustUncleL

This upgrade I have attempted to improve the Automatic levels calculation and better automatic levels selections. It should now work better with exotic currencies, indices, commodities , and stocks.

The indicator plots the so called "round price levels" or "00" levels, which end on 00 and 50: for example, 1.4000, 1.4400, 1.4450. It automatically calculates the levels for based on your charts time frame. Alternatively you can manually select main level size (in pips) and/or the number of sub-levels (0, 1, 2, 3, 9). Generally speaking, the program tries to keep to 3 Digit "00" rounding for currencies and non-stocks, and 2 Digit "00" rounding for Stocks.

Use this indicator as a guidance to a better mapping of Support/Resistance levels on the chart. Next time you draw Support/Resistance lines, if they coincide with round price levels, especially "00", you have got a excellent S/R level to work with!
Notes de version: ...Minor update
  • Changed Sublevel input to an options list of specific numbers (0,1,3,4,9).
  • Minor adjustment to automatic default sublevels.
  • Removed Limit restrictions for major Levels.
  • Added implied copyright notice.
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JustUncleL

Commentaires

Excellent indicator. Only minus is that you can not change the line style. It would be nice to be able to change the line style
for different levels to a solid or dashed line instead of being stuck with a dotted line for all levels as at present.
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Dear Uncle, :)

I stumbled upon your scalping scripts where you recommend SweetSpot Gold10 is this the updated version?


Many thanks
Kobalticus
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JustUncleL kobaltttt
@kobaltttt, Yes this and "Sweetspot Gold RN" (no sub levels version) are the most recent versions.
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kobaltttt JustUncleL
@JustUncleL, Thanks!
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Hey I was wondering do you have any scripts that are profitable for crypto trading. I recently purchased haasbot from haasbotonline.com and I am in search of a script that I can input to do the same strategy that you have formulated is there any way you can help me?
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JustUncleL DIGIVESTMENTS
@DIGIVESTMENTS, Sorry I have no experience with crypto trading.
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I am your fan...
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fenomenale.....
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