INVITE-ONLY SCRIPT
已更新 Point of Return - Dynamic Price Reaction Ranges
This is one of the many parts of my upcoming strategy, and used by me on daily basis.
This indicator incorporates various price action models and candlestick patterns, and combines them together to form a price point which is highly reactive in nature.
In the background it works on multitude of permutations and combinations to calculate the price point which tell us exactly where price will most likely react in the future, removing rooms for errors while drawing support and resistance .
This can be used on multiple ways:
1. Chop indication - As soon as the indication pops up, it marks a price which is most likely start of a chop zone and break from either direction marks end of the chop zone.
2. Point of Return - As soon as a the price moves away from the chop zone, it will most likely return to the indicated price before moving in the direction of the break, giving us high RR trades.
3. Dynamic Support and Resistance - This also acts as a dynamic support and resistance and apart from your already established S/R you can incorporate these price points as your decision maker or breakers.
PS : This is not to be used as a Buy/Sell signals and is only should act as confirmation of what you already know and to gauge the market sentiments.
There is a hidden easter egg on this page and chart which gives you preview of the upcoming indicator. Have fun finding out.
You can reach me here on my DM for more details.
Below are the few snaps from different timeframes:
1. 4H XBTUSD -
2. 2H XBTUSD -
3. 8H XBTUSD -
This indicator incorporates various price action models and candlestick patterns, and combines them together to form a price point which is highly reactive in nature.
In the background it works on multitude of permutations and combinations to calculate the price point which tell us exactly where price will most likely react in the future, removing rooms for errors while drawing support and resistance .
This can be used on multiple ways:
1. Chop indication - As soon as the indication pops up, it marks a price which is most likely start of a chop zone and break from either direction marks end of the chop zone.
2. Point of Return - As soon as a the price moves away from the chop zone, it will most likely return to the indicated price before moving in the direction of the break, giving us high RR trades.
3. Dynamic Support and Resistance - This also acts as a dynamic support and resistance and apart from your already established S/R you can incorporate these price points as your decision maker or breakers.
PS : This is not to be used as a Buy/Sell signals and is only should act as confirmation of what you already know and to gauge the market sentiments.
There is a hidden easter egg on this page and chart which gives you preview of the upcoming indicator. Have fun finding out.
You can reach me here on my DM for more details.
Below are the few snaps from different timeframes:
1. 4H XBTUSD -
2. 2H XBTUSD -
3. 8H XBTUSD -
版本注释
Calculation Update版本注释
Added Line ExtensionsAdded Drop Down Menu for Length Selection
Added Condition to stop plotting line once price moves across the line
Added Minimum line extension length
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作者的说明
@fiatdropout
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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。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系FiatDropout。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
@fiatdropout
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。