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RJ's 80-20 Rule

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# 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**

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.