OPEN-SOURCE SCRIPT
Diamond Grids @shrilss
Uncover hidden patterns and potential reversal zones with the Diamond Grids Indicator. This script introduces a unique approach to visualizing price extremes within a specified range, aiding traders in identifying critical support and resistance levels. The indicator dynamically calculates and displays diamond-shaped grids based on user-defined short and long lengths and ATR. Utilize this powerful tool to enhance your technical analysis and gain insights into potential trend reversals.
Key Features:
- Dynamic Grid Calculation: The indicator dynamically calculates and plots diamond-shaped grids based on specified short and long lengths. These grids represent key price extremes within the defined range.
- Multi-Level Support and Resistance: Each diamond grid consists of multiple support and resistance lines, providing a comprehensive view of potential reversal zones. Traders can use these levels to make informed decisions.
- Customizable Parameters: Tailor the indicator to your trading style with customizable parameters such as short length, long length, and a multiplier. Adjust these settings to align the indicator with your unique preferences.
- Real-Time Updates: The indicator updates in real-time, ensuring that traders have the latest information on potential reversal zones. Stay ahead of market movements and make timely decisions.
- Toggle Trend Visualization: Diamond-shaped grids are color-coded for easy interpretation. Positive and negative grid lines are distinctly marked, offering a clear visual representation of the overall trend.
Key Features:
- Dynamic Grid Calculation: The indicator dynamically calculates and plots diamond-shaped grids based on specified short and long lengths. These grids represent key price extremes within the defined range.
- Multi-Level Support and Resistance: Each diamond grid consists of multiple support and resistance lines, providing a comprehensive view of potential reversal zones. Traders can use these levels to make informed decisions.
- Customizable Parameters: Tailor the indicator to your trading style with customizable parameters such as short length, long length, and a multiplier. Adjust these settings to align the indicator with your unique preferences.
- Real-Time Updates: The indicator updates in real-time, ensuring that traders have the latest information on potential reversal zones. Stay ahead of market movements and make timely decisions.
- Toggle Trend Visualization: Diamond-shaped grids are color-coded for easy interpretation. Positive and negative grid lines are distinctly marked, offering a clear visual representation of the overall trend.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.