INVITE-ONLY SCRIPT
CHOCH - MSB for Supply and Demand
מעודכן
Change of Character (CHOCH) - Market Structure Break (MSB) for Supply & Demand
Description
The script is designed as a confirmation entry tool to be used with supply and demand zones (predefined proximal and distal levels).
When price hits a predefined level it will monitor price action using fractals and an algorithm to determine a potential reversal in trend or change of trend direction.
Once this has been identified you will be alerted in order to anticipate a retracement entry. A good understanding of supply and demand concepts, odds enhancers, and how to identify fresh levels is expected to utilise it's full potential.
Indicator in use
How To Use
Apply one indicator on a higher timeframe, and another on a lower timeframe. In settings, select long for a demand zone and short for a supply zone. Use the higher timeframe to plot major supply and demand zones and a lower timeframe of your choice for the alert. You can refine your levels by manually entering the price levels in settings. The alert is set on the timeframe you set it on.
Manual Selection
Check "override custom levels" and manually enter the price levels of your proximal and distal lines. Input the time and date of your pivot point (candle). Manual selection is recommended as you can refine your zones.
Automatic Selection
Drag and drop the pivot on the candle of choice . The pivot point will mark the zone using the candle's high and low (default setting). Source for top and bottom levels can be changed in settings.
Start Control after X Bar
This defines how many bars is required (from your pivot point) before it sets to anticipate a breach.
Description
The script is designed as a confirmation entry tool to be used with supply and demand zones (predefined proximal and distal levels).
When price hits a predefined level it will monitor price action using fractals and an algorithm to determine a potential reversal in trend or change of trend direction.
Once this has been identified you will be alerted in order to anticipate a retracement entry. A good understanding of supply and demand concepts, odds enhancers, and how to identify fresh levels is expected to utilise it's full potential.
Indicator in use
How To Use
Apply one indicator on a higher timeframe, and another on a lower timeframe. In settings, select long for a demand zone and short for a supply zone. Use the higher timeframe to plot major supply and demand zones and a lower timeframe of your choice for the alert. You can refine your levels by manually entering the price levels in settings. The alert is set on the timeframe you set it on.
Manual Selection
Check "override custom levels" and manually enter the price levels of your proximal and distal lines. Input the time and date of your pivot point (candle). Manual selection is recommended as you can refine your zones.
Automatic Selection
Drag and drop the pivot on the candle of choice . The pivot point will mark the zone using the candle's high and low (default setting). Source for top and bottom levels can be changed in settings.
Start Control after X Bar
This defines how many bars is required (from your pivot point) before it sets to anticipate a breach.
הערות שחרור
Alert code updatedהערות שחרור
Zone colours customisation addedסקריפט להזמנה בלבד
הגישה לסקריפט זה מוגבלת למשתמשים שהוסמכו על ידי הכותב ובדרך כלל דורשת תשלום. אתה יכול להוסיף אותו למועדפים שלך, אך תוכל להשתמש בו רק לאחר שתבקש אישור ותקבל אותו מהמחבר שלו. למידע נוסף, צור קשר עם geneclash, או עקוב אחר הוראות המחבר למטה.
TradingView לא מציעה לשלם עבור סקריפט ולהשתמש בו אלא אם כן אתה סומך ב-100% על המחבר שלו ומבין כיצד הסקריפט עובד. במקרים רבים, אתה יכול למצוא אלטרנטיבה טובה לקוד פתוח בחינם בבסקריפטים הקהילתיים שלנו.
הוראות המחבר
″Contact me on TradingView for access
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כתב ויתור
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