TradingEdge_Academy

Intraday Zones & Levels - Support & Resistance

I use this indicator to mark levels and mathematically categorize my 15mins chart into smaller trading zones. You can view these as Support and Resistance levels as well, however, the main function is to visually divide the chart on the basis of previous days' price movements.

- Levels are calculated based on the Average % Change per Day for the last 5 Days. Calculations use Daily open Value for the last 5 days & % Change using current open Value.

- Entry Levels ( Bullish and Bearish ) mathematically divide the charts into 2 zones and can be used to determine the nature of the stock movement during that day.

- Weekly and Yearly Open Prices are also plotted on the chart as reference levels.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Gurpreet Rainu
Whatsapp - +91 9999 504 500
TELEGRAM - https://t.me/tradingedgeacademy
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Comments

Amezing Idea!!
100 coins
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Thank you for sharing.
+3 Reply
Thank you.
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Very helpful. Thanx.
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