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JamesCart

JamesCart's Feigenbaum Price Bands

JamesCart  
Trend Analysis Pivot Points Support and Resistance feigenbaum alpha constant
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trendanalysis pivotpoints supportandresistance feigenbaum alpha constant
This is a part of my Feigenbaum family of scripts. This one however uses the Feigenbaum Alpha constant (the constant of the width of the tein from the subteins) as a proportion of the ROC. Then it uses that to establish a middle point, and 2 resistance and 2 support lines.With the widest lines being R2 and S2. Dark red is R2 and Dark Green is S2. I encourage you to change the time frame to find what is best, I have it set at the minimum of 1.
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