This indicator calculates and displays percentage levels above and below the current price. It allows you to easily identify any percentage levels which can be used in many things like creating strangles and straddles and make informed trading decisions. The indicator automatically adjusts and redraws the lines and labels on the latest bar to reflect real-time market conditions.
Key Features: • Calculates percentage levels above and below the current price • Displays percentage levels on big labels with the horizontal lines on the chart • Allows you to adjust the percentage value and every details. • Allows you to see Fluctuation line on the chart.
How to Use: 1. Set the percentage value to the desired level (e.g. 1%, 2%, etc.) 2. If you want to see Fluctuation lines also then turn on it from Input settings. 3. Use the displayed levels to identify desired percentage levels. 4. Make informed trading decisions based on the calculated levels
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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