High-Mid-Low 200 Day and Buy Levels and labels

7月24日

Volume-Scaled PVR with Dynamic Buy Levels (ETF investing Visual Aid)
Description
This indicator is designed primarily for exchange-traded fund (ETF) traders and investors who seek a broad, visual tool to assist in identifying favorable buy and sell regions based on key price levels in relation to High and Lows of the ETF.

Key Features
Lookback Reference Levels:
Automatically identifies and plots key price levels within a user-defined lookback period:

Period High: Highest price in the lookback window.

Period Low: Lowest price in the lookback window.

Mid-Line: Midpoint between the period high and low.

Detailed Percentage Labels:
Displays percentage distances from the current price to the period high, period low, and their respective most recent occurrences, along with bar-counts for context, allowing quick assessment of price positioning relative to significant recent highs and lows.

Dynamic Buy-Level Lines for Multiple ETFs:
Supports a configurable list of ETF tickers with predefined buy price levels. When charting one of these ETFs, a horizontal line and label mark the specified buy price level, serving as a visual reminder or guide for entries.

Lightweight and Visual:
Designed to overlay directly on price charts with minimal clutter, providing clean and insightful visual references to inform buy-low and sell-high decisions.

How It Helps You
Offers broad, contextual cues to guide "buy low, sell high" strategies on ETFs by visualizing:

Where price currently stands within recent high/low ranges.

Specific buy price levels personalized for tracked ETFs as a check before committing.

Flexible lookback parameters allow tuning sensitivity to your preferred timeframes and trading style.

Usage Notes
Customize the list of ETFs and associated buy prices within the script via arrays to suit your watchlist. (Make a working copy to update Arrays, ensure pair matching).

Best applied on daily or higher timeframes for clearer trend dynamics.

This is a visual aid and should be combined with your own analysis and risk management techniques and other standard/established indicators.

7月28日

版本注释

Updated to pine script version 6. 20 Pairs can now be added in the settings -> input. Please prefix exchange as "NSE:ALPHA", in case variation use stock code as given trading view chart.