Quarters Theory Levels (Yotov Style)

John Alex Sagwe's Quarters Theory Levels Script
This Pine Script, developed by John Alex Sagwe, is based on the concept of the "Quarters Theory" popularized by Illan Yotov. It aims to help traders identify key levels in the market using whole, half, and quarter-level calculations. The script plots major whole levels, half levels, and quarter levels above and below the current price, allowing traders to visualize potential price points where significant market action might occur.

The customizable parameters allow you to:

Set the base level and step size (for quarter levels),

Adjust the number of levels above and below the current price to be displayed,

Toggle between showing whole, half, or quarter levels,

Use price alerts when the market price nears these levels.

Whether you’re a novice or an experienced trader, this script can help you integrate the Quarters Theory into your trading strategy. It’s designed to be flexible and user-friendly, helping you visualize key market levels with ease.

Developed by: John Alex Sagwe, an avid trader and Pine Script enthusiast.