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Price Level Indicator Static

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The Price Level Indicator Static (PLIS) is a versatile tool for traders who need precise price levels for support, resistance, and potential liquidation zones. This indicator calculates multiple price levels based on a user-defined input value, creating a comprehensive map of critical zones above and below the specified price.
The indicator displays a set of horizontal lines representing different percentage deviations from your entry point, helping you visualize potential stop-loss placements, take-profit targets, and liquidation thresholds.
Features:

User-defined base price level input
Multiple percentage deviation levels (x2, x5, x10, x20, x50, x75, x100)
Color-coded lines for easy identification
Different line styles to distinguish between levels
Separate calculations for long and short positions
Median price calculation from the last 1024 candles
Informational panel displaying the current median price

Use Cases:

Set precise stop-loss and take-profit levels
Identify potential liquidation zones for leveraged positions
Create a visual price map for trading decisions
Monitor price action around critical percentage thresholds
Develop structured risk management strategies

This indicator is essential for traders who want to approach the market with predefined levels and a clear understanding of potential price movements relative to their entry points.

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.