INVITE-ONLY SCRIPT
Kinetic Direction
Updated
The purpose for this indictor is to combine two key concepts to read price action, identify direction, and in a given direction what are the targets. Underlying logic combines time and price relative to momentum leading into and within a move to a target.
Time and Price uses historical price action to build a view on where price is relative to that range and the momentum or lack there of with such range. Price will always move out of a range. This dynamic range calculations seeks to guide where one should be looking. Above the mid-point of range then look for price to try and move the range higher. Below the mid point look for price to establish a new low to range.
Historical daily time period high lows create targets. Once such level is mitigated its stops extending. Extensions also stop after the historical days selected have been breached.
Time and Price uses historical price action to build a view on where price is relative to that range and the momentum or lack there of with such range. Price will always move out of a range. This dynamic range calculations seeks to guide where one should be looking. Above the mid-point of range then look for price to try and move the range higher. Below the mid point look for price to establish a new low to range.
Historical daily time period high lows create targets. Once such level is mitigated its stops extending. Extensions also stop after the historical days selected have been breached.
Release Notes
clean up. personal choice on timeframe but look st 15m firstRelease Notes
clarification tooltip added. This indicator is agnostic to displayed timeframe up to 1H. Meaning that the analysis does not change if viewing on 1m or 5m or 15m or 1H timeframe. This is important feature as you gain flexibility to how to read price action but without changing how analysis frames the price actionRelease Notes
clean upRelease Notes
clean up codeRelease Notes
clean upInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact KinetiCapital for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Please contact me via TV or twitter account to get invited
Want to use this script on a chart?
Warning: please read before requesting access.
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.