OPEN-SOURCE SCRIPT
Percentage-Level(+%/-%)[LionTrader_]
Percentage-Level (+%/-%) by LionTrader_
is a highly efficient and clean technical indicator designed to automatically plot dynamic price levels based on custom percentage offsets. It provides traders with a direct visual representation of percentage-based expansions, making it easier than ever to see exactly when price action reaches or breaks through key structural thresholds.
A major advantage of this tool is its multi-tiered structure, allowing you to track up to three independent levels simultaneously. This flexibility is perfect for identifying multiple price targets, managing scaling strategies, or monitoring different layers of support and resistance.
The indicator features separate long and short controls, giving you the freedom to customize the exact percentage distance, the base price source, and the validation criteria for both the upside and the downside independently.
To keep your charts clean and readable, it utilizes smart visual feedback. The plotted levels remain thin and semi-transparent in the background during normal price action, but they instantly turn thick and brightly colored once your chosen invalidation source, such as the candle high or low, breaches the level.
Additionally, the script ensures excellent chart organization by using clean step-lines and optional cross markers that highlight the exact execution points where a level was triggered. This makes it an incredibly reliable, no-nonsense tool for anyone who bases their trading decisions on fixed percentage movements or requires clear, automated invalidation levels on their charts.
I hope you like it
your LionTrader_🦁
is a highly efficient and clean technical indicator designed to automatically plot dynamic price levels based on custom percentage offsets. It provides traders with a direct visual representation of percentage-based expansions, making it easier than ever to see exactly when price action reaches or breaks through key structural thresholds.
A major advantage of this tool is its multi-tiered structure, allowing you to track up to three independent levels simultaneously. This flexibility is perfect for identifying multiple price targets, managing scaling strategies, or monitoring different layers of support and resistance.
The indicator features separate long and short controls, giving you the freedom to customize the exact percentage distance, the base price source, and the validation criteria for both the upside and the downside independently.
To keep your charts clean and readable, it utilizes smart visual feedback. The plotted levels remain thin and semi-transparent in the background during normal price action, but they instantly turn thick and brightly colored once your chosen invalidation source, such as the candle high or low, breaches the level.
Additionally, the script ensures excellent chart organization by using clean step-lines and optional cross markers that highlight the exact execution points where a level was triggered. This makes it an incredibly reliable, no-nonsense tool for anyone who bases their trading decisions on fixed percentage movements or requires clear, automated invalidation levels on their charts.
I hope you like it
your LionTrader_🦁
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
LionTrader
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
LionTrader
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.