Degree scalper Auto Levels volatility base [ GG69TRADE ]

Degree scalper Auto Levels volatility base [ GG69TRADE ]

▋ INTRODUCTION :
The “Degree° Levels” produces a sequence of horizontal line levels above and below the Center Line (reference level). They are sized based on the instrument's volatility, representing the average historical price movement on a selected higher timeframe with multiples ma's base volatility setup indicator.


How to use for Intraday ?
Recommended to use 1, 3, 5 min timeframe for Intraday.

Degree° Levels Calculation & draw volatility base...

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▋ OVERVIEW:

right side scale view



(01) Selecting a Center Line level among a variety of common levels, which is taken as reference level where a sequence of horizontal lines plot above and below it.
(02) Size of grid in Degree° setup .
(03) Number of horizontal lines to plot in a single side.
(04) Grid Side. Ability to plot above or below the Center Line.
(05) Lines colors with theme, and mode.
(06) Line style.
(07) Label style with many option Degree° , % OF ° , Price , Degree & Price , Degree & Price + % OF °, ° FIB,% PERCENT , PIPS.
(08) Ability to remove old lines, from previous HTF.
(09) right side view levels
(10) GG69trade special cloud Bands Visualization:
The cloud values obtained from the calculation are skillfully plotted on the price chart, appearing as two distinct lines:
cloud fall : Represents the when indicating a bearish trend, anticipating potential price declines.
cloud rise: Represents the in bullish market conditions, signaling the possibility of price increases.
with trend color theme or option °Wheel auto selection trend color.

Labeling and Enumeration:
To communicate the count of consecutive candles displaying consistent trend behavior, the indicator meticulously assigns labels to the price chart.
Label positioning varies depending on the trend's direction, appearing either below (for bullish patterns) or above (for bearish patterns) the candlesticks.
The color scheme aligns with the candle colors: green labels for bullish candles and red labels for bearish ones.

Tabular Data Presentation:
The indicator enhances its graphical analysis with a customizable table that prominently displays comprehensive statistical insights.
Key data points in the table include:
- Consecutive Candles: The count of consecutive candles displaying consistent trend characteristics.
- Candles Above Upper cloud: The number of candles closing above the upper cloud threshold during the consecutive period.
- Candles Below Lower cloud: The number of candles closing below the lower cloud threshold during the consecutive period.
- Upcoming Green Candle: An estimated probability of the next candlestick being bullish, derived from historical data.
- Upcoming Red Candle: An estimated probability of the next candlestick being bearish, also based on historical data.

SCREENSHOT :
Candles Above Upper cloud / Below Lower cloud count


°Wheel auto selection trend color =>


(11) VP with fib setup.
SCREENSHOT :


(12) high volatility LABLES show on chart⚡.
(13) volume spike LABELS show on chart🚦with alert.
(14) Table

• RSI with ma cross signal & trend view BG
  
• ma °angle direction
  
• Price Velocity : This component calculates the velocity of price movement by
  comparing the difference between high and low prices over a user-defined lookback period. It
  then displays the velocity as either 'Slow' or 'Fast' in the table, with red or green background
  color, respectively, depending on whether it's below or above the average difference.
  
• Volatility : ATR BASE '⚡ high volatility LABLES show on chart'
  
• POI %: Public OF interest in market
  
• Range size of Degree° greed.
  

The Degree° Levels should not be taken as a major concept to build a trading decision.