OPEN-SOURCE SCRIPT
VIP Price Points JPY
This indicator plots a fixed grid of "VIP" price levels based on Quarter Theory structure, mapping the round-number prices where markets tend to pause, react, break, or reverse.
It draws four nested layers — Dime (major VIPs at every 1000 pips), Nickel (500 pips), Big Quarter (250 pips), and Penny (100 pips) — each with a distinct color and weight so you can instantly read where price sits within the larger structure. An adjustable hesitation zone shades a configurable band (default ±25 pips) around every level, marking the areas where price commonly stalls before continuing or turning.
A live info panel reports the nearest major VIP above and below, the distance in pips to the closest one, and whether price is currently inside a hesitation zone or traveling mid-leg, and built-in alerts fire when price crosses a major VIP or enters a hesitation zone.
Two versions are included, one tuned for non-JPY pairs (pip = 0.0001) and one for JPY pairs (pip = 0.01), with adjustable level counts, colors, and zone width so you can configure it for swing trading on the higher timeframes or day trading on the 15m–1H.
This is a structure and analysis tool intended to help you locate price within a fixed level framework — it does not generate buy or sell signals, and it is shared for educational purposes only. Always do your own analysis and manage your own risk.
It draws four nested layers — Dime (major VIPs at every 1000 pips), Nickel (500 pips), Big Quarter (250 pips), and Penny (100 pips) — each with a distinct color and weight so you can instantly read where price sits within the larger structure. An adjustable hesitation zone shades a configurable band (default ±25 pips) around every level, marking the areas where price commonly stalls before continuing or turning.
A live info panel reports the nearest major VIP above and below, the distance in pips to the closest one, and whether price is currently inside a hesitation zone or traveling mid-leg, and built-in alerts fire when price crosses a major VIP or enters a hesitation zone.
Two versions are included, one tuned for non-JPY pairs (pip = 0.0001) and one for JPY pairs (pip = 0.01), with adjustable level counts, colors, and zone width so you can configure it for swing trading on the higher timeframes or day trading on the 15m–1H.
This is a structure and analysis tool intended to help you locate price within a fixed level framework — it does not generate buy or sell signals, and it is shared for educational purposes only. Always do your own analysis and manage your own risk.
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.
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.
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.