BlitzTrade8

Percentage Change strategy w/BG color

The Percentage Change Method has historically been very effectively used by analysts on very long time horizons and very extreme percentage changes, for example a -6% or more drop in any index doesn't happen very often but it has very large implications and that much selling pressure typically leads to more selling at least for a while as a consequence of it. Similarly this can be applied to shorter time horizons. This indicator is ideal for 1min, 3min and 5min time horizons. Where I found it to be particularly helpful and one of the reasons I created it is for the market opening. If you trade the Mini Nasdaq for example and put it on a 1min setting then you can catch the changes that often happen in the first hour pretty well.
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.

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