OPEN-SOURCE SCRIPT
已更新 HGDA Hany Ghazy Digital Analytics area zone's
Indicator Name: HGDA Hany Ghazy Digital Analytics area zones
Description:
This indicator plots several key price zones based on the highest high and lowest low over a user-defined lookback period.
The plotted zones represent dynamic support and resistance levels calculated using specific ratios of the price range (High - Low), as follows:
- Zone 1 (Light Red): Represents an upper resistance zone.
- Zone 2 (Medium Green): Represents a medium support zone.
- Zone 3 (Dark Red): Represents a lower resistance zone.
- Zone 4 (Dark Green): Represents a strong support zone.
Additionally, the indicator plots a yellow "Zero" line representing the midpoint price of the selected period, serving as a balance point for price action.
This indicator is ideal for identifying the overall market trend, as prices typically move from the upper resistance zones (light red) downwards to the end of the wave in the lower zones (dark green). This helps traders better understand wave nature and direction.
Usage:
- The colored zones assist in identifying potential reversal or continuation areas.
- These zones can be used to plan entries, exits, and risk management.
- Default lookback period is 20 bars, adjustable in the settings to suit the timeframe.
Notes:
- This indicator relies on historical price data and does not guarantee market predictions.
- It is recommended to combine it with other indicators and analytical tools for improved trading decisions.
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Developed by Hany Ghazy Digital Analytics (HGDA).
Description:
This indicator plots several key price zones based on the highest high and lowest low over a user-defined lookback period.
The plotted zones represent dynamic support and resistance levels calculated using specific ratios of the price range (High - Low), as follows:
- Zone 1 (Light Red): Represents an upper resistance zone.
- Zone 2 (Medium Green): Represents a medium support zone.
- Zone 3 (Dark Red): Represents a lower resistance zone.
- Zone 4 (Dark Green): Represents a strong support zone.
Additionally, the indicator plots a yellow "Zero" line representing the midpoint price of the selected period, serving as a balance point for price action.
This indicator is ideal for identifying the overall market trend, as prices typically move from the upper resistance zones (light red) downwards to the end of the wave in the lower zones (dark green). This helps traders better understand wave nature and direction.
Usage:
- The colored zones assist in identifying potential reversal or continuation areas.
- These zones can be used to plan entries, exits, and risk management.
- Default lookback period is 20 bars, adjustable in the settings to suit the timeframe.
Notes:
- This indicator relies on historical price data and does not guarantee market predictions.
- It is recommended to combine it with other indicators and analytical tools for improved trading decisions.
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Developed by Hany Ghazy Digital Analytics (HGDA).
版本注释
HGDA Hany Ghazy Digital Analytics Fibonacci Zones开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。