Diamond Grids @shrilss

Uncover hidden patterns and potential reversal zones with the Diamond Grids Indicator. This script introduces a unique approach to visualizing price extremes within a specified range, aiding traders in identifying critical support and resistance levels. The indicator dynamically calculates and displays diamond-shaped grids based on user-defined short and long lengths and ATR. Utilize this powerful tool to enhance your technical analysis and gain insights into potential trend reversals.

Key Features:

- Dynamic Grid Calculation: The indicator dynamically calculates and plots diamond-shaped grids based on specified short and long lengths. These grids represent key price extremes within the defined range.

- Multi-Level Support and Resistance: Each diamond grid consists of multiple support and resistance lines, providing a comprehensive view of potential reversal zones. Traders can use these levels to make informed decisions.

- Customizable Parameters: Tailor the indicator to your trading style with customizable parameters such as short length, long length, and a multiplier. Adjust these settings to align the indicator with your unique preferences.

- Real-Time Updates: The indicator updates in real-time, ensuring that traders have the latest information on potential reversal zones. Stay ahead of market movements and make timely decisions.

- Toggle Trend Visualization: Diamond-shaped grids are color-coded for easy interpretation. Positive and negative grid lines are distinctly marked, offering a clear visual representation of the overall trend.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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