Thread: Retracement grid indior

I'm wondering if someone knows an indior or may construct one as shown on the below example.



Degree 20 Y times
degree 19 X instances
degree 18 W times
degree 17 T times
degree 16 S times
degree 15 R times
degree 14 Q times
degree 13 P times
degree 12 O times
degree 11 N times
degree 10 M times
degree 9 L times
level 8 K times
degree 7 J times
level 6 H times
level 5 F times
level 4 E instances
level 3 D 5 instances
level two C times
degree 1 B instances
degree 0 A times

Inputs for the indior:
worth in pips (distance between degrees )
x1 for step
y1 for reverse
period length (the period the indior will check back)


ex 1:

value=50 pips
Price began at level 0 went up to degree 1 or 2 handed it didnt reach level 2 (worth of 50 pips or more but didnt pass 100 pips) and then price returned to level 0.
So the level 1 will show 1 times

ex 2:

Price began at level 0 went up to level 2 or handed it didnt reach level 3 and then price returned into level 1. So the level 2 will show 1 times.

Each time that the price returns the value in this case 50 will start counting out of a new 0 degree

The indior will draw dots on the chart at each particular level with the amount of the level beside it.

Alert when the price reaches the given level in present moment.

This is the grid indior in the below image:
Structure 167415

I dropped Its look Pro.
But I dont understand it clerly

It's much better to reveal firs of all in 1 Pair

what's the egy to entry and exit. .
( explain it not as Programing like first post )

Originally Posted by ;

I fell Its appearance Guru.
But still I dont understand it clerly

Well, ask me some questions and will attempt to answer.

Due

Originally Posted by ;

This is the grid indior from the beneath picture:
Attachment 167415

What give us advantege this picture?? I imply this indior if show as Levels 1, 2, 3, 4,,,,,

Originally Posted by ;

It is much better to show us firs of all in one Pair

what's the egy to entry and exit. .
( explain it not as Programing like first article )

The egy is still in the development.
One pair could be better.
Dependent on the indior we could loe some entry points.
One alternative of entry could be in the levels the price reverses the most.
Additionally the indior could help with cash management.

Originally Posted by ;

What give us of advantege this image?? I mean this indior if show as Levels 1, 2, 4, 3,,,,,

The indior will show how many times the price reversed for the value at each particular degree