25 Percent Levels — Indicator by firegenie

This script materialises an observation from one of my mentors whereby if you take an all-time high and all-time low and mark off the 25th, 50th and 75th percentile levels you will see some levels of supply and demand being respected.

Release Notes:

A little clearer with the weekly chart

Release Notes:

Added a few more lines

Release Notes:

Marked up pivot levels using 600 EMA

Release Notes:

Tweaked the default pivot strength

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

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