STRX - Quartile Levels

4 giorni fa

Quartile Levels is an indicator that automatically draws a series of horizontal price levels based on a set of predefined spacing values. Using the dropdown menu, you can select your preferred distance (ranging from 0.0000025 up to 2500) to generate these levels, allowing quick adaptation to different markets (crypto, forex, stocks, etc.).

The indicator uses up to a maximum of 499 lines to comply with TradingView limits and avoid potential slowdowns or errors. The levels are colored following a four-step cyclical pattern, making it easier to identify different groups of levels.

Key Features
Spacing selection: Choose one of the predefined spacing values to adapt the indicator to the market you’re analyzing.
Automatic line management: The indicator draws up to 499 lines, maintaining performance and adhering to TradingView limitations.
Closed script: The source code is not public; the script is available to everyone for viewing upon request only.
How to Use It
Add the “Quartile Levels” indicator to your chart: From the Indicators menu, look for Quartile Levels and apply it to your chart.
Select the spacing: In the settings, pick the desired value from the dropdown menu (e.g., 0.25, 2.5, 25, …).
Observe the levels: The indicator will automatically draw horizontal levels based on your setup, helping you identify potential support and resistance zones.
Warnings and Notes
Educational use: This indicator is provided for informational and educational purposes only. It does not represent financial advice in any way.
Always verify: Before making any trading decision, conduct your own analysis and, if necessary, consult a licensed professional.
Past performance: Past performance of any strategy or indicator does not guarantee future results.
For more information or to request access to this script, please feel free to contact me directly. I hope you find this indicator helpful for your analysis!