Find direction is the key to success for all traders. This script can find the direction and Opening Range. All you need to do is follow the direction and the trend generated from this script. It can be used for day trading and swing trading on all time frames. It generates short-trend, medium-trend and long-trend lines with no repaint and no lagging. It also generates (S/R) area for Day-time and 24 hours time-frame.
How does it work?
* Defines all (S/R) levels based on floor trader’s and my own S/R levels.
* Calculates the trend/reversal signals, price reactions close to all above S/R levels.
* Generates short-trend, middle-trend and long-trend line based on all combined factors and directions.
What are the signals?
* Pink line are short-trend line
* Green line are short-trend line
* Red line are short-trend
* Deep green area is S/R Opening Range for day-time, which can be used as Open Range Breakout
How to use?
* Find the Opening Range(green area)
* Follow the direction of Pink/Green/Red lines
* Trade in the same direction of opening range breakout and the direction of trend(Pink/Green/Red lines)
* It works on all time-frames from 1 min, 2 min, 3 min to 4 hours chart.
* The will not change, i.e will be same for all time frames
* There is no way to filter all noises even with higher time frame, all the trades must have a stop Or Reversal the direction once the trend is changed.
* These provide excellent support and resistances levels.
How to access?
* PM me (ProKingTV) to obtain access
* 10 days Free Trial is available
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ProKingTV for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
This is Invite-only direction-trend following trading system. Please contact @ProKingTV to get 10 days free trial access.
Warning: please read before requesting access.
Two trend following and two reversal indicators total: $99/month, Now $998/year.