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Percentage S&R

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This indicator can be used to provide "hidden" Support and Resistance levels, which can be useful for profit-taking and stop-loss levels on swing trades.

The middle white line is the midpoint of the range of the previous 60 candles.

The grey lines above equal the midpoint line +5%, +10%, +15% and +20%.

The grey lines below equal the midpoint line -5%, -10%, -15% and -20%.

This indicator is similar to a Moving Average Envelope, but without the lag.

Doesn't work as well on the extreme low or high time frames. 1 hour - Daily charts seem to be best.

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.