Fib Percentage Previous Day Close

23 thg 9, 2022

Intraday regulated markets move within their circuit range above or below which the market activity is halted.
These levels are protected by the MM to accumulate or distribute. These levels are mostly same for all markets i.e. 2%, 4% , 5%, 10% and 20% of previous day close, crossing which the market activity halts.
So, from here the expectation of turning or breaking increases.
This indicator automatically plots the levels and helps understanding the price behavior at these points. This in turn helps taking better RR trades.

23 thg 9, 2022

Phát hành các Ghi chú

Updated line 28 from plus sign to minus sign

23 thg 9, 2022

Phát hành các Ghi chú

Script was behaving erratically in some instruments. Updated with correction