OPEN-SOURCE SCRIPT
Straddle Indicator - Padding Guide
The Straddle Indicator is designed to help traders visualize potential market movements by straddling the current price. This indicator draws two horizontal lines on the chart: one positioned above and one below the current price, based on user-defined offsets.
Key Features:
Dynamic Price Levels: The levels are calculated based on the current closing price, allowing the indicator to adapt to changing market conditions in real time.
Customizable Offsets: Traders can customize the offsets for the lines above and below the current price, providing flexibility to align with their trading strategies or market analysis.
Visual Clarity: The indicator displays the price levels as horizontal lines in distinct colors (green for above and red for below) along with corresponding labels showing the exact price levels, facilitating quick reference.
Current Bar Focus: The lines and labels are updated to only reflect the current bar, minimizing chart clutter and making it easy to focus on the most relevant price action.
This indicator is particularly useful for traders employing straddle strategies, as it helps to anticipate potential price movements and plan entries or exits accordingly.
Key Features:
Dynamic Price Levels: The levels are calculated based on the current closing price, allowing the indicator to adapt to changing market conditions in real time.
Customizable Offsets: Traders can customize the offsets for the lines above and below the current price, providing flexibility to align with their trading strategies or market analysis.
Visual Clarity: The indicator displays the price levels as horizontal lines in distinct colors (green for above and red for below) along with corresponding labels showing the exact price levels, facilitating quick reference.
Current Bar Focus: The lines and labels are updated to only reflect the current bar, minimizing chart clutter and making it easy to focus on the most relevant price action.
This indicator is particularly useful for traders employing straddle strategies, as it helps to anticipate potential price movements and plan entries or exits accordingly.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.