GRID EXTENSION

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GRID EXTENSION
Overview
The GRID EXTENSION is a simple grid-based indicator for TradingView, built with Pine Script v6. It plots horizontal price levels starting from a user-defined anchor price, with spacing set by a tick increment. Use it to identify key support, resistance, or price zones on charts for Crypto, Forex, or Futures.

Key Features
Custom Grid Levels: Plot up to 22 levels (e.g., 0, 0.25, 1.25, -2.50) with options to show/hide, set values, and choose colors.
Market-Specific Tick Increments: Select your asset type (Crypto, Forex, Futures) and choose from a range of tick increments tailored for each market:
Crypto: 1 to 5000 ticks (e.g., 100 ticks = $0.001 on ADA/USD, 5000 ticks = $50 on BTC/USD).
Forex: 5 to 5000 ticks (e.g., 100 ticks = 1 pip on EUR/USD, 5000 ticks = 50 pips).
Futures: 1 to 2500 ticks (e.g., 25 ticks = 6.25 points on E-mini S&P 500, $312.50 per contract).
Visual Options:
Extend lines to the right.
Show price and level labels (as values or percentages).
Place labels on the left or right.
Adjust background transparency for filled areas between levels.
How to Use
Set Asset Type: Choose "Crypto," "Forex," or "Futures" to match your chart.
Set Anchor Price: Enter a starting price for the grid.
Pick Tick Increment: Select a tick increment from the dropdown, following the guidance for your asset type (see Key Features).
Customize Levels: Turn levels on/off, set values, and pick colors.
Add to Chart: Apply the indicator to see the grid on your chart.
Tips
Use levels to mark support/resistance zones for entries or exits.
Extend lines to project future price zones.
Choose smaller increments (e.g., 5 ticks) for scalping, or larger ones (e.g., 1000 ticks) for swing trading.
Combine with indicators like moving averages for better signals.
Settings
Asset Type: Select "Crypto," "Forex," or "Futures" (default: "Crypto").
Anchor Price: Starting price for the grid (default: 0.0).
Tick Increment: Space between levels (options: 1, 5, 10, 25, 50, 100, 250, 500, 1000, 2500, 5000). Choose based on asset type.
Extend Right: Extend lines to the right (default: true).
Show Prices: Show price labels (default: true).
Show Levels: Show level values or percentages (default: true).
Format: Display levels as "Values" or "Percent" (default: "Values").
Labels Position: Place labels on "Left" or "Right" (default: "Left").
Background Transparency: Set transparency for filled areas (default: 100, range 0-100).
Level Options: Enable/disable levels, set values, and choose colors.
Notes
Set the anchor price to a key level (like a recent high or low) for best results.
Check the tick increment tooltip to ensure the spacing suits your market type.
Works on any chart, best for clear price trends or ranges.
Acknowledgments
Made with Pine Script v6 for TradingView. This is v1.0—feedback welcome for future updates!

6 hari lalu

Nota Keluaran

GRID EXTENSION
Overview
GRID EXTENSION is a streamlined grid-based indicator for TradingView, built with Pine Script v6. It plots horizontal price levels from a user-defined anchor price, spaced by a tick increment, to identify support, resistance, or price zones on Futures charts.

Key Features

Custom Grid Levels: Plot up to 22 levels with options to show/hide, set values, and pick colors. Custom preset defaults to quarter levels (0.0, 0.25, ..., 2.75, -0.25, ..., -2.50).
Presets: Choose from Pocket (0.15 to 0.85), Basics (Fibonacci: 0 to 1), Golden Spiral (0 to 4.236), Extended (1 to 11, -1 to -10), or Custom.
Market-Specific Tick Increments: Options for Crypto (1 to 5000 ticks), Forex (5 to 5000 ticks), Futures (1 to 2500 ticks).
Dynamic Anchor Price: Set manually or use Daily High, Daily Low, or Swing High/Low (with adjustable look back).
Touch Counter: Counts price touches on a chosen timeframe (1M to 1M).
Visual Options: Extend lines, show price/level labels (values or percentages), adjust label position, set background transparency, highlight zones, and fade inactive levels.
Alerts: Trigger alerts on level crossings.
How to Use

Set anchor price (manual or dynamic).
Choose tick increment based on your asset.
Select a preset or customize levels.
Apply to chart to visualize price zones.
Tips

Use quarter levels in Custom preset for consistent grid spacing.
Combine with other indicators for better signals.
Adjust tick increments for scalping (small) or swing trading (large).
Settings

Anchor Price Source: Manual, Daily High, Daily Low, Swing High/Low.
Tick Increment: 1 to 5500 ticks, market-specific.
Level Preset: Custom, Pocket, Basics, Golden Spiral, Extended.
Touch Count Timeframe: 1M to 1M for counting touches.
Visuals: Toggle line extension, labels, zones, fading, and transparency.
Notes

Best on trending or ranging charts.
Set anchor to key levels for optimal results.
Check tooltips for market-specific tick guidance.
Acknowledgments

Built with Pine Script v6 for TradingView. Version 2.0—feedback welcome!