INVITE-ONLY SCRIPT
Aggiornato

ZoPC: Zones of Price Concentration

850
The ZoPC script calculates the highest high and lowest low for X days back and breaks the range up into 16 zones. Each zone has a counter that tallies the number of times price closes within its zone. The higher the count, the deeper the color. The loopback in days as well as the counter threshold parameters can be adjusted in the inputs section.

In the chart below of XMRBTC. You can see 2 distinct zones; one of which XMTBTC is currently falling below. These ZoPC's should act as resistance.

istantanea

Here is another example of ZoPC at work for DOGEBTC and SCBTC. You can see the support (for SCBTC) and resistance (for DOGEBTC) levels indicated by the most concentrated zones.

istantanea

Feel free to leave a message below or DM me for a trial. If this script helps inform your trades, you have the option of purchasing a permanent license. Please let me know if you have any questions.

Happy trades,

Sim
Note di rilascio
Updated to separate price range into more zones and to filter out low zone hit counts which will not print a colored band.
Note di rilascio
Fixed a transparency issue with the coloring. Shout out to ballofpaper for the help!

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.