OPEN-SOURCE SCRIPT
Prime Distance Frame Quant Model for Risk Reward & Pivot Points
Updated
In this script we take all of the prime numbers up to 100 and plot them as olive lines and then consider the distance between two adjacent plots and color code these distances with the fill function. This allows us to find higher and lower prime gaps allowing us to make much more informed decisions on our risk reward for a given trade and the levels where we should consider taking profit.
The Script includes scaling for all assets and is intended to be used for crypto trading.
The Script includes scaling for all assets and is intended to be used for crypto trading.
Release Notes
Fixed a slight error on the scalingOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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