MTP Decision Point

The MTP Decision Point (DP) is a tool to project “in advance” future support / resistance levels on your Chart. It is calculated using clusters of Fibonacci and Geometric Price levels.

The MTP Decision Point (DP) levels can also be used to help determine the larger degree trend, as the market moves from one DP level to another. Traders can then look to trade "in the direction of" this larger degree trend when, and only when, the picture is clear (i.e. the market is making clean reversals at DP levels). Ideally, Traders should look to use the larger degree trend on a chart time frame between 3-5 times higher than the one they are Trading on. Eg look to a Weekly when trading on a Daily time frame, or look to a 15min when Trading on a 3min time frame. Please remember, that a market is usually only in a clear picture about 50% of the time, the rest of the time, the market picture is unclear and as such should be avoided.

This is designed to be used in conjunction with the MTP Swings Pivots , which are included in the MTP Analysis Script. Please refer to this script for more information on the MTP Swing Pivots . The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the DP level from.

There is a risk in Trading and Investing. Losses can and will unfold.

The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.

To obtain access, please go to the web page in our signature that appears below.

Notas de Lançamento

This new version has been rewritten from the ground up to take advantage of the new features that are available in Pine Script v5, as well as their new Library functions. This increases efficiency of the scripts and as such increased reliability.

The new version also makes use of the new "grab and drag" capabilities of Pine v5 to apply the Decision Point to the Chart, and as such has made the Script a lot easier to use. Please see the new help videos on the MTPredictor web site to see how to use the new features.

Current users upgrade instructions: Please remove the old script and then add this new one onto all of your Charts, to update to the latest version.

Notas de Lançamento

Update DP Start Date.

Script sob convite

Somente usuários autorizados pelos autores tem acesso a esses scripts, e isso normalmente requer pagamento. Você pode adicionar o script aos seus favoritos, mas você será capaz somente para usar ele depois de solicitar permissão e permiti-lo do seu autor — saiba mais aqui. Para mais detalhes, siga as instruções dos autores abaixo ou contate MTPredictor diretamente.

O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.

Instruções do autor

The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View. To obtain access, please go to the web page in our signature .

Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.

MTPredictor

MTPredictor Professional Trading Software: mtpredictor.com
Trading View Scripts: mtpredictor.com/tradingview
Help Videos: mtpredictor.com/tradingviewhelp/

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