PROTECTED SOURCE SCRIPT
Updated √ Square Root Levels
Square Root - Based Levels Indicator
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This indicator plots key support and resistance levels based on the square root of price — a unique, mathematically-driven method rooted in price structure rather than traditional Fibonacci or percentage-based techniques.
Core Concept:
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Levels are calculated by applying the square root function to price, then multiplying or adding/subtracting scaled increments. This approach smooths volatility and reveals hidden levels of market significance that may not be visible with conventional tools.
Use Cases:
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* Identify hidden support/resistance zones
* Time entries and exits based on price harmonics
* Complement other technical tools (like Fibonacci, Gann, or Pivot Points)
Customizable Settings:
----------------------------
* Base Price (Anchor)
* Increment/Multiplier
* Number of Levels
* Styling options for clean chart visuals
Whether you're a day trader or swing trader, this tool adds a mathematically unique perspective to your technical analysis.
---------------------------------------------
This indicator plots key support and resistance levels based on the square root of price — a unique, mathematically-driven method rooted in price structure rather than traditional Fibonacci or percentage-based techniques.
Core Concept:
-----------------
Levels are calculated by applying the square root function to price, then multiplying or adding/subtracting scaled increments. This approach smooths volatility and reveals hidden levels of market significance that may not be visible with conventional tools.
Use Cases:
-------------
* Identify hidden support/resistance zones
* Time entries and exits based on price harmonics
* Complement other technical tools (like Fibonacci, Gann, or Pivot Points)
Customizable Settings:
----------------------------
* Base Price (Anchor)
* Increment/Multiplier
* Number of Levels
* Styling options for clean chart visuals
Whether you're a day trader or swing trader, this tool adds a mathematically unique perspective to your technical analysis.
Release Notes
Square Root - Based Levels Indicator---------------------------------------------
This indicator plots key support and resistance levels based on the square root of price — a unique, mathematically-driven method rooted in price structure rather than traditional Fibonacci or percentage-based techniques.
Core Concept:
-----------------
Levels are calculated by applying the square root function to price, then multiplying or adding/subtracting scaled increments. This approach smooths volatility and reveals hidden levels of market significance that may not be visible with conventional tools.
Use Cases:
-------------
* Identify hidden support/resistance zones
* Time entries and exits based on price harmonics
* Complement other technical tools (like Fibonacci, Gann, or Pivot Points)
Customizable Settings:
----------------------------
* Base Price (Anchor)
* Increment/Multiplier
* Number of Levels
* Styling options for clean chart visuals
Whether you're a day trader or swing trader, this tool adds a mathematically unique perspective to your technical analysis.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.