Magic Rectangle Detector [NeoButane]

13 בדצמ׳ 2018

In the quest to make boxes, I have created the Magic Rectangle Detector.

This indicator finds essential supports and resistances, many of which may flip and become resistances and supports. Classical price action trading is best utilized in unison with this indicator.

Options to configure on the main chart.

16 בדצמ׳ 2018

הערות שחרור

Added a 'Simple Mode' to ease use. No more fiddling!

The wick or candle is now automatically chosen based on price action.

Here's a list of my premium indicators and pricing:

medium.com/@NeoButane/trading-view-indicators-list-d89695cc7a06

19 בדצמ׳ 2018

הערות שחרור

- Improved magic rectangle detection based on candle body size
- Added color swatches for dark backgrounds (brighter) and no bias (silver)

1 בינו׳ 2019

הערות שחרור

Added rectangles based on purely volume.