This is a simple script that plots horizontal grid on your chart using .x000 .x200 .x500 .x800 levels. Mike mentioned these levels in one of his videos.
Fences is only a semi-automatic indicator. You have to input the central point AND number of decimals yourself. • Decimals are set to 3 but JPY pairs need it to be 1. • Anchor point is the nearest level ending with three zeroes.
เอกสารเผยแพร่
⋅
A few visuals changed to look better on my charts. In addition, N1 N2 and N3 are now floats. So if you prefer 25 pip boxes as opposed to 200, 500, 800 levels, it is possible to set up now.
Thank you very much, it's impressive. great job, it is very useful for forex currencies. Do you know what levels or if it can be configured for the indices, SP500, nasdaq, Dow jones?
OrcChieftain
⋅
@Josepepe10, The best you can do is to set "decimals" to 0. It will give you 200/300 increments. If you need more than that, you will have to change minval in the code to also allow negative powers.
jonnylives
⋅
Great work! Who is "Mike" whose video you talk about in a previous comment? I really benefit from the contextual foundation that different strategies and scripts emerge from. Appreciate your particular approach.
OrcChieftain
⋅
@jonnylives, innercircletrader. Look him up on Youtube or Telegram. He knows Central Bank algorithms.