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This indicator plots dynamic horizontal zones on the chart for gold prices (XAU/USD) or any asset you want to analyze.

Features:

Draws yellow horizontal lines at regular price intervals you specify (default every 25 USD).

Draws two red offset lines around each yellow zone (offset default 0.5 USD) to mark price bands above and below.

Fully customizable input parameters:

Set the price range for zone drawing (min and max price).

Adjust the interval between zones (e.g., every 5 USD, 10 USD, 25 USD, etc.).

Choose your preferred colors for yellow and red lines.

Control how far back on the chart lines are drawn (shift bars).

Efficiently manages line objects by deleting old lines before redrawing to keep the chart clean and avoid performance issues.

Useful for scalping, intraday trading, or any strategy that relies on specific price levels or zones.

How to use:

Adjust the input parameters to match your trading instrument and timeframe.

Use the yellow lines as key support/resistance zones.

Use the red offset lines as confirmation bands or trigger zones for entries/exits.

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.