OPEN-SOURCE SCRIPT
Peak Reaction Zones [BigBeluga]
Peak Reaction Zones [BigBeluga] is an advanced Smart Money Concept (SMC) indicator that identifies the most recent swing high and swing low zones, helping traders determine premium and discount areas for optimal trade positioning.
🔵Key Features:
Swing High & Low Zones:
Premium & Discount Concept:
Adjustable Zone Width:
🔵Key Features:
Swing High & Low Zones:
- Automatically detects the latest swing high and swing low levels.
- Helps traders identify key reaction points where price is likely to respond.
Premium & Discount Concept:
- The high zone represents a premium area, where price is overextended and may reverse.
- The low zone represents a discount area, where price is undervalued and may bounce.
- The midline dynamically marks the equilibrium of the range.
Adjustable Zone Width:
- Users can fine-tune the width of the zones to match their trading style.
- Wider zones capture broader reaction ranges, while narrower zones focus on precise levels.
Zone Retest Signals:- Blue markers appear when price retests the lower reaction zone, signaling potential support.
- Orange markers appear when price retests the upper reaction zone, indicating possible resistance.
Price Labels for Key Levels:- Displays the price value of the swing high, swing low, and midline for quick reference.
- Helps traders recognize major reaction points at a glance.
🔵Usage:- Smart Money Trading: Utilize the premium and discount concept to align trades with institutional order flow.
- Zone Reactions: Watch for price tests of reaction zones and use the retest signals to confirm potential reversals.
- Midline Confirmation: If price holds above or below the midline, it can indicate directional bias.
- Scalping & Swing Trading: Short-term traders can look for zone rejections, while swing traders can use the levels for trend continuation setups.
Peak Reaction Zones [BigBeluga] is a must-have tool for traders looking to trade with Smart Money Concepts, allowing for precise entries and exits based on key liquidity areas and market structure. - Blue markers appear when price retests the lower reaction zone, signaling potential support.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
🌐 bigbeluga.org/tv - Get access to our powerful tools & indicators.
🔵 Learn More -> docs.bigbeluga.org/
🔵 Join Discord -> go.bigbeluga.org/k65q9bfqfu
All content provided by BigBeluga is for educational purposes only
🔵 Learn More -> docs.bigbeluga.org/
🔵 Join Discord -> go.bigbeluga.org/k65q9bfqfu
All content provided by BigBeluga is for educational purposes only
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
🌐 bigbeluga.org/tv - Get access to our powerful tools & indicators.
🔵 Learn More -> docs.bigbeluga.org/
🔵 Join Discord -> go.bigbeluga.org/k65q9bfqfu
All content provided by BigBeluga is for educational purposes only
🔵 Learn More -> docs.bigbeluga.org/
🔵 Join Discord -> go.bigbeluga.org/k65q9bfqfu
All content provided by BigBeluga is for educational purposes only
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.