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monzakaamera

Horizontal Lines

monzakaamera Updated   
Support and Resistance support quarterstheory quarter theory horizontallines
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supportandresistance support quarterstheory quarter theory horizontallines
Horizontal lines help 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. It works very well on JPY pairs.

snapshot
Release Notes:
Name change.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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