OPEN-SOURCE SCRIPT
Quarters Theory
Updated
This indicator helps you to put Quarter Theory lines on your chart. It's defaults are meant for EURUSD , but you can change it for other charts. There are 16 lines in this indicator.
For EURUSD recommended settings right now are: Starting Price (Bottom):1.12 and Gap: 0.0025
USDCAD: Starting Price (Bottom):1.315 and Gap: 0.005
EURAUD: Starting Price (Bottom):1.59 and Gap: 0.005
USDJPY: Starting Price (Bottom):107 and Gap: 0.5
USDCHF: Starting Price (Bottom):0.97 and Gap: 0.0025
BTCUSD: Starting Price (Bottom):3200 and Gap: 100
XAUUSD: Starting Price (Bottom): 1230 and Gap: 5
These settings are the ones I use, but you could find better settings for yourself.
Works very well on JPY pairs.
For EURUSD recommended settings right now are: Starting Price (Bottom):1.12 and Gap: 0.0025
USDCAD: Starting Price (Bottom):1.315 and Gap: 0.005
EURAUD: Starting Price (Bottom):1.59 and Gap: 0.005
USDJPY: Starting Price (Bottom):107 and Gap: 0.5
USDCHF: Starting Price (Bottom):0.97 and Gap: 0.0025
BTCUSD: Starting Price (Bottom):3200 and Gap: 100
XAUUSD: Starting Price (Bottom): 1230 and Gap: 5
These settings are the ones I use, but you could find better settings for yourself.
Works very well on JPY pairs.
Release Notes
Automatic levels, don't have to find levels manually.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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