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MRP WEEKLY LEVEL
Intraday Indicator: #MRP_WEEKLY_LEVEL
This indicator plots support and resistance levels based on fibonnaci levels for the entire week.
1. Understanding The Levels:
Intermediate Zone is two pink coloured lines.
Resistance is two blue coloured lines above intermdiate zone.
Support is two blue coloured lines below intermediate zone.
Buy target and Sell Target 1 & 2 are yellow and red coloured lines on both sides.
-Price is strong when it is above the Intermediate Zone.
-Price is weak when it is below the Intermediate Zone.
-Price remains range bound when it stays inside the Intermediate Zone.
-Price is very strong when it's above Weeky Resistance Zone
-Price is very weak when it's below Weekly Support Zone
-Buy Target & Sell Target are the zones where you should take or trail your profit.
2.For Buying/Selling:
-Buy only when 30min close above Resistance Zone . SL below Resistance Zone .
-If 30min close is in huge range, you can buy/sell after pullback to Resistance/ Support Zone .
-Also you can buy/sell if 30min close is above/below Buy/Sell target zone if you missed the rally.
-Sell only when the 30min close below Support Zone . SL above Support Zone .
This indicator plots support and resistance levels based on fibonnaci levels for the entire week.
1. Understanding The Levels:
Intermediate Zone is two pink coloured lines.
Resistance is two blue coloured lines above intermdiate zone.
Support is two blue coloured lines below intermediate zone.
Buy target and Sell Target 1 & 2 are yellow and red coloured lines on both sides.
-Price is strong when it is above the Intermediate Zone.
-Price is weak when it is below the Intermediate Zone.
-Price remains range bound when it stays inside the Intermediate Zone.
-Price is very strong when it's above Weeky Resistance Zone
-Price is very weak when it's below Weekly Support Zone
-Buy Target & Sell Target are the zones where you should take or trail your profit.
2.For Buying/Selling:
-Buy only when 30min close above Resistance Zone . SL below Resistance Zone .
-If 30min close is in huge range, you can buy/sell after pullback to Resistance/ Support Zone .
-Also you can buy/sell if 30min close is above/below Buy/Sell target zone if you missed the rally.
-Sell only when the 30min close below Support Zone . SL above Support Zone .
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.