shaklerner1

SAFE MARGINE_OS

Hi dear Investors!

Here I present you my last prepared indicator that works with searching on the most visited prices in a period. It also take an average of them which is described here as balance line.

Inputs:
+BACKWARD: range of your search area on history from current moment.
+MEMORY: number of memory stacks that would be used to save previous calculated values for taking an average.
+REFRESH: this parameter is in mili-seconds and describe saving data in memory stacks.
+METHODOLOGY:
++OC-BASED: OPEN/CLOSE would be used for calculations
++HL-BASED: HIGH/LOW would be used for calculations
++MID-BASED: HL2/OHLC4 would be used for calculations

Please do not forget to 'BOOST' the script if you use it!

Happy trading!
PlanB4.

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.

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.

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