Kinetic Direction

31 ธ.ค. 2024

The purpose for this indictor is to combine two key concepts to read price action, identify direction, and in a given direction what are the targets. Underlying logic combines time and price relative to momentum leading into and within a move to a target.

Time and Price uses historical price action to build a view on where price is relative to that range and the momentum or lack there of with such range. Price will always move out of a range. This dynamic range calculations seeks to guide where one should be looking. Above the mid-point of range then look for price to try and move the range higher. Below the mid point look for price to establish a new low to range.

Historical daily time period high lows create targets. Once such level is mitigated its stops extending. Extensions also stop after the historical days selected have been breached.

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clean up. personal choice on timeframe but look st 15m first

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clarification tooltip added. This indicator is agnostic to displayed timeframe up to 1H. Meaning that the analysis does not change if viewing on 1m or 5m or 15m or 1H timeframe. This is important feature as you gain flexibility to how to read price action but without changing how analysis frames the price action

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clean up

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clean up code

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clean up