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TTC Open Lines v1
This liquidity-based key level indicator displays previous highs and lows from the daily, weekly, monthly, quarterly, and yearly charts. These price levels serve as important reference points in the trading of any market or financial instrument.
They also represent high-probability reaction zones, making them ideal areas to look for trades using simple confirmation patterns.
Each level plays a crucial role in determining whether the market is likely to continue its current trend or reverse direction. I like to think of these levels as two magnets — they can either attract price or push it away.
You might wonder how two opposing behaviors can both be useful. The key is to remain directionally neutral and develop your own set of rules to identify when price is more likely to react by being drawn toward these areas or rejected from them.
I have my own rules for this, and you can develop a framework that fits your own trading style as well.
They also represent high-probability reaction zones, making them ideal areas to look for trades using simple confirmation patterns.
Each level plays a crucial role in determining whether the market is likely to continue its current trend or reverse direction. I like to think of these levels as two magnets — they can either attract price or push it away.
You might wonder how two opposing behaviors can both be useful. The key is to remain directionally neutral and develop your own set of rules to identify when price is more likely to react by being drawn toward these areas or rejected from them.
I have my own rules for this, and you can develop a framework that fits your own trading style as well.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.