OPEN-SOURCE SCRIPT
Updated MM-PA
Track reversal price levels on any assets
Release Notes
Now it shows more accurate levels on any timeframe.Release Notes
There are 6 different lines, all have different strength. You clearly recognize lines by thickness.
BASE_2 and TOP_2 are track %2.5 reversal. Linewidth = 1
BASE_5 and TOP_5 are track %5 reversal. Linewidth = 2
BASE_10 and TOP_10 are track %10 reversal. Linewidth = 3
Old lines also important for future price movement.
Release Notes
8693.71 support line drawn since May 4 hold the bitcoin. Also, I added params to change values. Comparison length is very important. I defined default value to 233. Once indicator find new support or resistance, it check last 233 bars to identify how many bars reacted to new support or resistance. Also, it's determine reaction by using precision value.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
** DONATE IF YOU LIKE MY SCRIPTS **
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
** DONATE IF YOU LIKE MY SCRIPTS **
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
BTC: 18PQ3M7YEgY1a22G4su8Y6XityAirPHSoF
Follow me on twitter: twitter.com/baymucuk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.