OPEN-SOURCE SCRIPT

Dynamic Price Zone

3 604
This indicator dynamically divides the price range into six zones.

1. Over Resistance (Strong up trend)
2. UpperMiddle to Resistance
3. Middle to UpperMiddle
4. Middle to LowerMiidle
5. LowerMiddle to Support
6. Under Support (Strong down Trend)


Resistance and Support are calculated by HMA.

Usage:
It is recommended to use this indicator on the higher time frames.
The image is 15 minutes chart and resolution 1hour for indicator.

  • Pay attention to whether the range from resistance to support is shrinking or expanding!
  • A major trend begins with a break in resistance and support.
  • The five lines also work as a support or resistance.
  • When the zone changes, the price is likely to reach the next line.
  • UpperMiddle and LowerMiddle settings can be selected from 3 types.
  • 75%, 66%, 61.8%(fibonacci) for UpperMiddle.

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.