PROTECTED SOURCE SCRIPT
RJ's 80-20 Rule

# RJ's 80-20 Rule
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
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**Created with ❤️ to honour Richard Jackson's trading wisdom**
## Overview
RJ's 80-20 Rule automatically draws horizontal lines at the nearest 20, 80, 50, and 00 handle levels. These psychological levels often act as support/resistance zones. **Use in confluence with other trade triggers - not as a standalone signal.**
## Key Features
- **Auto-Detection**: Finds nearest handle levels based on current price
- **Customizable**: Colours, styles, labels, and display options
- **Multiple Levels**: Support for 20, 80, 50, and 00 handles
- **Clean Display**: Horizontal lines with optional price labels
## Trading Use
- **Support/Resistance**: Use levels as potential reversal zones
- **Risk Management**: Place stops beyond key handle levels
- **Confluence**: Combine with other indicators for confirmation
- **Market Structure**: Identify key psychological barriers
## Settings
- Toggle individual handle types (20, 80, 50, 00)
- Customize line colours, width, and style
- Adjust label display and positioning
- Control line extension and length
## ⚠️ Important
This indicator should **NOT** be used alone. Always combine with other trade triggers for confirmation. Handle levels provide context but require additional signals for entry decisions.
## Disclaimer
Educational tool only. Use proper risk management. Honors the trading methodology of mentor Richard Jackson. Past performance does not guarantee future results.
---
**Created with ❤️ to honour Richard Jackson's trading wisdom**
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.