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RJ's 80-20 Rule
# RJ's 80-20 Rule
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
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**Created with ❤️ to honour Richard Jackson's trading wisdom**
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
---
**Created with ❤️ to honour Richard Jackson's trading wisdom**
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.