OPEN-SOURCE SCRIPT
Updated Grid 1% lines

% -> 0.01 = 1%
Num Lines: Num lines in each direction
Num Lines: Num lines in each direction
Release Notes
Grid Lines % - Dynamic Price Grid IndicatorThis indicator creates a percentage-based grid of horizontal lines around the current price, helping traders visualize key price levels and potential support/resistance zones.
Key Features:
Customizable Step %: Set the percentage distance between grid lines (e.g., 1% = lines at ±1%, ±2%, ±3%, etc.)
Adjustable Grid Size: Control how many lines appear above and below the center price
Dynamic or Static Mode: Choose whether the grid follows price movement in real-time or stays fixed at a specific price level
Color Customization: Different colors for lines above (default green), below (default red), and center line (default yellow)
Style Options: Select between solid, dotted, or dashed lines with adjustable width
How to Use:
Set your desired step percentage (1% is typical for most assets)
Adjust the number of lines to display above and below the center
Enable "Move with price" to track current price, or disable it to lock the grid at a specific level
Customize colors and line styles to match your chart preferences
Ideal for:
Grid trading strategies
Identifying percentage-based take profit and stop loss levels
Visualizing price volatility and movement ranges
Setting up systematic entry and exit points
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.