MTP Decision Point

The MTP Decision Point (DP) is a tool to project “in advance” future support / resistance levels on your Chart. It is calculated using clusters of Fibonacci and Geometric Price levels.

The MTP Decision Point (DP) levels can also be used to help determine the larger degree trend, as the market moves from one DP level to another. Traders can then look to trade "in the direction of" this larger degree trend when, and only when, the picture is clear (i.e. the market is making clean reversals at DP levels). Ideally, Traders should look to use the larger degree trend on a chart time frame between 3-5 times higher than the one they are Trading on. Eg look to a Weekly when trading on a Daily time frame, or look to a 15min when Trading on a 3min time frame. Please remember, that a market is usually only in a clear picture about 50% of the time, the rest of the time, the market picture is unclear and as such should be avoided.

This is designed to be used in conjunction with the MTP Swings Pivots , which are included in the MTP Analysis Script. Please refer to this script for more information on the MTP Swing Pivots . The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the DP level from.

There is a risk in Trading and Investing. Losses can and will unfold.

The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.

To obtain access, please go to the web page in our signature that appears below.

Nota Keluaran

This new version has been rewritten from the ground up to take advantage of the new features that are available in Pine Script v5, as well as their new Library functions. This increases efficiency of the scripts and as such increased reliability.

The new version also makes use of the new "grab and drag" capabilities of Pine v5 to apply the Decision Point to the Chart, and as such has made the Script a lot easier to use. Please see the new help videos on the MTPredictor web site to see how to use the new features.

Current users upgrade instructions: Please remove the old script and then add this new one onto all of your Charts, to update to the latest version.

Nota Keluaran

Update DP Start Date.

Skrip jemputan sahaja

Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi MTPredictor secara terus.

TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.

Arahan penulis

The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View. To obtain access, please go to the web page in our signature .

Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.

MTPredictor

MTPredictor Professional Trading Software: mtpredictor.com
Trading View Scripts: mtpredictor.com/tradingview
Help Videos: mtpredictor.com/tradingviewhelp/

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Penafian

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