Anchored Percentages SpaceManBTC
Anchored Percentages SpaceManBTC
This indicator is a successor to Percentage Values SpaceManBTC.
As opposed to anchoring via user selection on chart,
the user can choose common anchor points related to typical important Price Action levels such as: Daily, Weekly, Monthly.
And choose point of interest such as the Open for weekly open, or high,low, close...
The code is quite simple, specify a point in origin, and apply percentage deviations on price from that point,
For usecase I find it can be quite useful for round numbers personally which is why ive set the default to be: 5,10,15,20.
Similar to playing round values that may provide some psychological reason for resistance/support I beleive the same can be done with %, allowing for Dynamic Targets and S/R Based on average moves vs what is potentially over extended.
This indicator is a successor to Percentage Values SpaceManBTC.
As opposed to anchoring via user selection on chart,
the user can choose common anchor points related to typical important Price Action levels such as: Daily, Weekly, Monthly.
And choose point of interest such as the Open for weekly open, or high,low, close...
The code is quite simple, specify a point in origin, and apply percentage deviations on price from that point,
For usecase I find it can be quite useful for round numbers personally which is why ive set the default to be: 5,10,15,20.
Similar to playing round values that may provide some psychological reason for resistance/support I beleive the same can be done with %, allowing for Dynamic Targets and S/R Based on average moves vs what is potentially over extended.
Nota Keluaran:
A temporary fix, bars too ltf would cause UI error e.g. 1min tf daily chart. Just a temporary solution.
Nota Keluaran:
Updated display logic for existing users