daytraderph

Dynamic Range

here comes open source version of notorious JFT Indicator ( the indicator access you can get in some bucks ) on various telegram channels however they will not give code.

Now how it works
1. 2 ranges derived from indicator are supposed to be a consolidation zone and any close above or below is supposed to give a good move.
2. I personally consider it as may be addition to price analysis. ( i don't believe much in indicators,even simple MA gives fruitful results when there is good move in market )
3. Range can be drawn on chart with various resolution ( Daily/Monthly/Weekly )

PS: I coded myself based on data analysis shown by access only indicator. In case you use it for your publication don't forget to give credits.

Thanks,
daytraderph
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.

Want to use this script on a chart?

Comments

thanks for the open-source code. but if you have tried to code "JFT zones" indicator, levels plotted by your code is different than JFT zones.
anyway thanks
+15 Reply
daytraderph SDspeculator
@SDspeculator, can u share even without code for ref bec i know the original trader from where it all evolved
+5 Reply
SDspeculator daytraderph
@daytraderph,

hi, below are today's nifty future levels as per JFT zones
resistance- 11515.11 11483.32
support - 11233.14- 11264.93

you can get the same from his blog and add it in your fav for checking them.

thanks once again
+6 Reply
Hi. These are very helpful and accurate as JFT zones. One thing I'd like to discuss is, I'm looking for its formula, which can be put into an excel sheet. These zones give a great entry if we are able to monitor it in time. I'm looking forward to creating an alert system that would help us finding good trades. Even if we could get tomorrow's value a day before, we could create alerts in our watchlist. Can you help??
+6 Reply
the zones are non repaint right????? I mean they form when the day start and always remain same.. correct?
+3 Reply
bhagupta002 me306060
@me306060, yes . its not repaint
+1 Reply
@daytraderph Bro the zones are not matching with JFT
+2 Reply
@daytraderph can u share course videos too
+2 Reply
thnks bro for lovely indicator. its perfect work on 5 min trading view and 4 hour in ur indicator . i normally dnt wait for break out . its respect your zone . when price come to green zone i sell n and when price on come near red zone i buy . n trust me its work super . thnks god bless u . i did JFT course and waste my money . Does anyone want a JFT Madras trader and Trend Trader Karan? full beginner level course module wise with the indicator contact me 7977506759.
+2 Reply
smartjeeva8526 bhagupta002
@bhagupta002, brother I need only supply and demand indicator I have a course
Reply
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