DH: Grid Box Mapper For Grid Trading

THE GRID BOX MAPPER
This indicator maps out (literally puts a box around) potentially profitable grid range areas. Not only that... it highlights each grid range box (red or green) to indicate the likely trend tendency for the forthcoming price action. Rarely a day goes by when a grid trading opportunity is not waiting for you... never miss another winner!

Remember, when seeking a grid range for your trades, you are looking for a range in a sideways or upwardly trending market. This indicator presents prime spots where this potential may play out. It works with Heikin-Ashi candles (recommended) or traditional candles.

MULTIPLE RANGES DISPLAYED
Even though, I suggest a grid range from 4% to 8% on most cases, some traders prefer other range spans. For this reason, all range opportunities are exhibited so that you may evaluate each for your personalized trade preference.

TREND TENDANCY HIGHLIGHTED
If a grid box is highlighted in GREEN and meets your other criteria, you may be on your way to a successful trade. If a grid box is highlighted in RED, you should exercise caution before trading this area (it may be ok, but there is a detected trend tendency to the downside that you must consider). In addition, each grid box will update trend tendency via highlight color changes as prices and time moves forward. Do not abort an active grid trade just because a grid box changes trend colors (it may be a minor dip that adds buys that later turn to profits). However, if you experience an extend trend change or a dramatic decline in prices, you may want to consider an exit or double check you have a stoploss or counter measure in place.

NOT ALL BOXES ARE CREATED EQUAL
This indicator is NOT a trade signal generator! As it's name implies, it is a "Grid Box Mapper." It is designed to HELP you map out where and how your next grid range might start. DO NOT assume the range indicated is the best range (the Grid Box Mapper merely suggests a range, but often you can expand or contract your range to hit support, resistance or FIB levels).

COMBINE WITH OTHER GRID INDICATORS
This indicator works best in combination with other indicators -PLUS- a thorough evaluation of the market you are entering. Alway check relevant structure, support, resistance, trend and prior price action before beginning any grid. Please consider a combination of other indicators I've created. This will help you refine your grid start parameters and opportunities. For example, this Grid Box Mapper works hand-in-glove with the GRID RANGE FINDER INDICATOR and the GRID START INDICATOR.

LESSONS IN HISTORY
There is a hidden value in this indicator if you scroll back in time and evaluate the various grid box opportunities mapped out. ASK YOURSELF: Would you have traded, why, what range and what was the outcome? You can use the Tradingview PLAYBACK feature to develop your skills at finding grid range opportunities. NOTE: The Tradingview PLAYBACK feature does not work with Heikin-Ashi candles (as a work-around, you and switch to traditional for playback).

WANT TO MASTER GRID TRADING?
Join our Crypto Grid Masters Community (Discord) for additional help and ideas with my indicators and your grids!

Automate your Grid Strategy using the Grid Bot here:
http://cryptogridbot.com

THIS IS A PAID INDICATOR
(currently at 50% off annual subscription)
PURCHASE or SUBSCRIBE HERE:
https://ez.ht/tradingview-indicators

AFTER YOU'VE PURCHASED - ping me here at Tradingview with receipt number (@DanHollings) or my Discord

Any indicator you purchase will be added to the "Invite-Only" section of your indicators area at Tradingview as quickly as I can get to it.

PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!)

As always, I appreciate your support. Please share with others.

ENJOY!
Dan Hollings
Master Crypto Grid Trader
Host of the "High Leverage Lounge"
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@DanHollings on Tradingview
Crypto Grid Bot
http://cryptogridbot.com
Crypto Grid Master Discord
http://cryptogridtrader.com

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ALERTS ADDED

Get instant notifications of new GREEN GRID BOX formations via Tradingview's Alert feature. Alerts can be set for first or second candle (second candle offers more confirmation).

1 HOUR or greater charts are recommended, however the alerts and grid boxes work on all time frames. Heikin-Ashi candles recommended.

12-STEP ALERT SET-UP INSTRUCTIONS

• 1) Go to each chart of desired assets you want to follow. Double check your time frame.
  
• 2) Click the TV alert icon
  
• 3) Select "DH: Grid Box Mapper"
  
• 4) Select "Greater than"
  
• 5) Set value = 0 (zero)
  
• 6) Select Options = Once Per Bar
  
• 7) Select Date Period To Run (as long as possible)
  
• 8) Pick type of notification you prefer (email, app, SMS etc)
  
• 9) Enter a message that clearly reminds you what the alert is for (what action you should evaluate, on which asset and timeframe).
  
• 10) SAVE EACH ALERT... Grab a beer and wait for an opportunity!
  
• 11) When you get an alert signal, use other indicators and market conditions to help you evaluate the signal (not all signals are trading opportunities).
  
• 12) Good luck! (oh... you can pause alerts whenever you like in the "Manage Alerts" area.)