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RJ's 80-20 Rule

# RJ's 80-20 Rule
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
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**Created with ❤️ to honour Richard Jackson's trading wisdom**
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
---
**Created with ❤️ to honour Richard Jackson's trading wisdom**
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.