TradingView
baymucuk
22 de Mai de 2020 15:35

MM-PA 

Stellar / TetherUSBinance

Descrição

Track reversal price levels on any assets

Notas de Lançamento

Now it shows more accurate levels on any timeframe.

Notas de Lançamento



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.

Notas de Lançamento

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.



Comentários
hayatguzel
thanx
baymucuk
I published new and better version of this script. Please check out Istanbul indicator.

tradingview.com/script/vEqARt7T-Istanbul-by-MM/
Jb_2
wow great job thank you!
baymucuk
@Jb_2, 👍
raja74sekhar
Superb indicator. Is it possible to create pivot reversal buy or sell indicator for positional trade
baymucuk
@raja74sekhar, You should check out my brand new and improved indicator Istanbul.

tradingview.com/script/vEqARt7T-Istanbul-by-MM/
Sheilacarson
Thank u for sharing the knowledge..
baymucuk
Nicolewoods
good analyses
baymucuk
@Nicolewoods, thank you.
Mais