They are strong support and resistance zones. It's based on an algorithm i designed.
The light green 3 lines are short term strong levels, and dark green are medium term strong levels.
you can see that Nifty didn't break the medium term zones, which establishes that people are willing to buy irrespective of any geopolitical conditions.
this strategy works only for nifty ??
This algorithm works for any chart. We just need to adjust the parameters based on its volatility
is this algorithm developed in AFL for Amibroker?
Would it be possible for us to get this algorithm please.
Its a proprietary algorithm only developed on tradingView
ohh great, how can i use it??
actually i am following your nifty chart
when i have play it is showing only candles not showing zones
how can i use it? please give me your valuable suggestions.