Untapped Levels

จำนวนเข้าชม 1452
Untapped daily, weekly and monthly levels provide amazing support and resistance levels due to liquidity from trapped traders. For the purposes of this indicator an "untapped" level is defined as a level that price does not close over on the same timeframe. For example and untapped monthly level of support would remain valid (and visible on the chart) until price closed below it on a monthly basis. The longer the timeframe of a level the more weight it carries ie . a monthly level would carry more weight that a weekly and by extension a daily.

While these levels may indicate possible macro reversal points I tend to use them myself more for short term setups and scalp trades. These levels have become a stable addition to my own trading strategy and I believe all traders can benefit by being aware of them on their own charts. Happy trading!
เอกสารเผยแพร่: Fix some typos

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.