Pratik_4Clover

Decision Maker

Here I propose a method to view only relevant decision-making zones for intraday and at that particular time. It is probably one of the cleanest ways to do this and have entire S/R system built-in without having clutter on the chart. This is great for discretionary traders to avoid confusion.

I'm here linking you examples of today;





As you can see, it only displays what is relevant at that particular time and helps you to make a decision in your trade according to it.

This script is for educational purposes only, any past performance is not an assurance of future success and the author does not take responsibility of your actions.

Enjoy~
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Comentários

Hi , can you explain how to use this indicator ?
Resposta
@Nfaizan, Think of it as intraday S/R, you just have to decide what to do depending on price reaction/interaction with that S/R zone. Price generally reacts to them, so as a trader we can utilize them in a number of ways, entry/exit/scale in or out etc.
Resposta
Nfaizan Pratik_4Clover
@Pratik_4Clover, sir , what is the role of color's?
Resposta
@Nfaizan, Purple is an initial range, if broken you can keep the one above as target, if that also broken you can target for 3rd one with TSL of the previous one. Very simple.

As you can see in today's BNF example, compare this to one of the charts posted in the description, you will understand
Resposta
Nfaizan Pratik_4Clover
@Pratik_4Clover, is this based on volumes or pivot sir? s/r ?
Resposta
@Nfaizan, Logic behind it was my personal development and will not be made public. However, I can tell you that this is not volume-based.
Resposta
Nfaizan Pratik_4Clover
@Pratik_4Clover, not an issue sir .. Thanks btw awesome indicator !
Resposta
@Nfaizan, You are welcome :)
Resposta
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