OPEN-SOURCE SCRIPT

Custom Dip % Levels

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This indicator lets you click directly on the chart to anchor a local or all-time high, and instantly projects up to 5 customizable percentage drop levels into the future—behaving exactly like a Fib extension. It is designed specifically for swing traders and dip buyers who want to scale into assets at precise discount levels.

Key Features:

Interactive Anchor: No need to type in prices or dates. Just click the exact candle on your chart to set your reference high.

Fib-Style Extensions: Lines extend infinitely to the right, keeping price and percentage tags completely visible in the future space.

Timeframe Filtering: Keeps your charts clean. Lines only appear on the 4H, Daily, Weekly, and Monthly charts, leaving your intraday setups completely clutter-free.

Dynamic Alerts: Get pinged the exact second a level is touched. Alerts dynamically pull in the ticker symbol, the precise dip percentage, and the price target.

Fully Customizable: Toggle any of the 5 levels on or off, adjust the percentages to fit your strategy, and change the colors.

How to use:
Add to chart, click the recent major swing high you want to measure from, and let the script do the rest. Suggest on daily tf.

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