This is a free release indicator, it makes use of tradingviews new update to pinescript. The goal of this script is to allow the user to choose a point in time on the chart and price. In doing so it will generate automatically the percentage deviations specified by the user in the settings.
The code is quite simple, specify a point in origin, and apply percentage deviations on price from that point, For usecase I find it can be quite useful for round numbers personally which is why ive set the default to be: 5,10,15,20.
Similar to playing round values that may provide some psychological reason for resistance/support I beleive the same can be done with % from important swing highs and lows in the correct trading environments. Users can: -Show Origin -Choose distance from origin -Toggle Labels altogether -Choose color of lines -Decide to show above, below, or both. For retracements and extensions. -Customize the % Amount
To Do -Customize line styles -Customize line size -Customize Font size -Add more options for number of percentages
Notes de version
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Added Text color customization for dark mode users