PROTECTED SOURCE SCRIPT
MRP WEEKLY LEVEL
Intraday Indicator: #MRP_WEEKLY_LEVEL
This indicator plots support and resistance levels based on fibonnaci levels for the entire week.
1. Understanding The Levels:
Intermediate Zone is two pink coloured lines.
Resistance is two blue coloured lines above intermdiate zone.
Support is two blue coloured lines below intermediate zone.
Buy target and Sell Target 1 & 2 are yellow and red coloured lines on both sides.
-Price is strong when it is above the Intermediate Zone.
-Price is weak when it is below the Intermediate Zone.
-Price remains range bound when it stays inside the Intermediate Zone.
-Price is very strong when it's above Weeky Resistance Zone
-Price is very weak when it's below Weekly Support Zone
-Buy Target & Sell Target are the zones where you should take or trail your profit.
2.For Buying/Selling:
-Buy only when 30min close above Resistance Zone . SL below Resistance Zone .
-If 30min close is in huge range, you can buy/sell after pullback to Resistance/ Support Zone .
-Also you can buy/sell if 30min close is above/below Buy/Sell target zone if you missed the rally.
-Sell only when the 30min close below Support Zone . SL above Support Zone .
This indicator plots support and resistance levels based on fibonnaci levels for the entire week.
1. Understanding The Levels:
Intermediate Zone is two pink coloured lines.
Resistance is two blue coloured lines above intermdiate zone.
Support is two blue coloured lines below intermediate zone.
Buy target and Sell Target 1 & 2 are yellow and red coloured lines on both sides.
-Price is strong when it is above the Intermediate Zone.
-Price is weak when it is below the Intermediate Zone.
-Price remains range bound when it stays inside the Intermediate Zone.
-Price is very strong when it's above Weeky Resistance Zone
-Price is very weak when it's below Weekly Support Zone
-Buy Target & Sell Target are the zones where you should take or trail your profit.
2.For Buying/Selling:
-Buy only when 30min close above Resistance Zone . SL below Resistance Zone .
-If 30min close is in huge range, you can buy/sell after pullback to Resistance/ Support Zone .
-Also you can buy/sell if 30min close is above/below Buy/Sell target zone if you missed the rally.
-Sell only when the 30min close below Support Zone . SL above Support Zone .
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.