OPEN-SOURCE SCRIPT
NQ / MNQ 20-80 Levels SIMPLE
## NQ / MNQ 20-80 Levels SIMPLE — How to Use
This indicator automatically plots the important **20 and 80 levels** between every 100-point range on NQ / MNQ.
These levels often act as **reaction zones** where price can:
* Bounce
* Reject
* Reverse
* Continue trending after pullbacks
It helps traders quickly visualize clean intraday structure without cluttering the chart.
### What the Levels Mean
* **20 Levels (Green)** → Often act as support during bullish trends
* **80 Levels (Red)** → Often act as resistance during bearish trends
These areas are commonly respected by price action, especially during:
* Pullbacks
* Breakouts
* Liquidity sweeps
* Trend continuation moves
### Simple Trading Ideas
#### In Uptrend
* Wait for price to pull back near a **20 level**
* Look for rejection candles or strong buying reaction
* Enter with tight stop below the level
#### In Downtrend
* Wait for price to reject near an **80 level**
* Look for weakness or bearish candles
* Enter with stop above the level
### Best Used With
* Trendlines
* EMA support/resistance
* VWAP
* Volume Profile
* Bookmap
* SpotGamma levels
* Candlestick confirmations
### Pro Tip
Do not blindly buy or sell the levels.
Wait for:
* Rejection
* Confirmation candle
* Momentum shift
* Trend alignment
The strongest trades happen when multiple confirmations align together.
### Features
✔ Simple clean levels
✔ Line or box display mode
✔ Custom colors and styles
✔ Adjustable levels above and below price
✔ Great for scalping and intraday structure trading
If this indicator helps your trading journey, please consider:
👍 Leaving a Like
⭐ Adding to Favorites
📢 Sharing it with fellow traders and friends
Your support and feedback are truly appreciated and help improve future tools for the trading community.
This indicator automatically plots the important **20 and 80 levels** between every 100-point range on NQ / MNQ.
These levels often act as **reaction zones** where price can:
* Bounce
* Reject
* Reverse
* Continue trending after pullbacks
It helps traders quickly visualize clean intraday structure without cluttering the chart.
### What the Levels Mean
* **20 Levels (Green)** → Often act as support during bullish trends
* **80 Levels (Red)** → Often act as resistance during bearish trends
These areas are commonly respected by price action, especially during:
* Pullbacks
* Breakouts
* Liquidity sweeps
* Trend continuation moves
### Simple Trading Ideas
#### In Uptrend
* Wait for price to pull back near a **20 level**
* Look for rejection candles or strong buying reaction
* Enter with tight stop below the level
#### In Downtrend
* Wait for price to reject near an **80 level**
* Look for weakness or bearish candles
* Enter with stop above the level
### Best Used With
* Trendlines
* EMA support/resistance
* VWAP
* Volume Profile
* Bookmap
* SpotGamma levels
* Candlestick confirmations
### Pro Tip
Do not blindly buy or sell the levels.
Wait for:
* Rejection
* Confirmation candle
* Momentum shift
* Trend alignment
The strongest trades happen when multiple confirmations align together.
### Features
✔ Simple clean levels
✔ Line or box display mode
✔ Custom colors and styles
✔ Adjustable levels above and below price
✔ Great for scalping and intraday structure trading
If this indicator helps your trading journey, please consider:
👍 Leaving a Like
⭐ Adding to Favorites
📢 Sharing it with fellow traders and friends
Your support and feedback are truly appreciated and help improve future tools for the trading community.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.