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Rishabh Jackpot Zones + Open Line narendra

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๐Ÿ“Œ Narendra Jackpot Zones + Open Line โ€” by Narendra

This custom indicator is designed to identify key Support and Resistance Zones based on pivot highs/lows, and highlight the Spot Day Open Price โ€” offering traders clear intraday decision-making references.

๐Ÿ” Features:
๐Ÿ”ธ Dynamic Support and Resistance Zones from pivot structures

๐Ÿ”ธ Customizable Spot Open Line for trend bias identification

๐Ÿ”ธ Auto-cleaning of old lines for better chart visibility

๐Ÿ”ธ Flexible label sizing to suit your chart aesthetics

โš™๏ธ Inputs:
Spot_Day_Open_Price: Manually input today's spot price

Pivot Lookback: Sensitivity of pivot detection

Zone Line Length: Control horizontal zone visibility

Max Lines: Limit visual clutter by setting maximum zones

Label Size: Choose between Small, Normal, Large, Huge

๐Ÿ’ผ Use Cases:
Intraday and positional traders for reversal & breakout points

Visual clarity for trend continuation vs rejection

Works across all instruments and timeframes

โš ๏ธ Disclaimer: This is an educational tool. Use it with your trading plan and risk management. Not a buy/sell recommendation.

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.