This is a simple implementation of Jesse Livermore's Market Key as presented in his book. To define the areas for the trends I use ATR and as a base line the average between highest and lowest price on a defined period (default is 26). The script is actually my first script, if you use it please give me a feedback, any advice on the code is really appreciated
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.
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