OPEN-SOURCE SCRIPT
[RS]Stop Hunt Levels V0
Updated
Request for SpreadEagle71:
Stop Hunt Levels adapted from:
investopedia.com/articles/forex/06/stophunting.asp
configuration:
smoothing: smooths/average the source higher value will remove spikes but delay the speed of adjusting
source: source to compare crossing lines.
Rounding Value: value space of the grid.
Entry Window Size: Space for entrys.
Stop Hunt Levels adapted from:
investopedia.com/articles/forex/06/stophunting.asp
configuration:
smoothing: smooths/average the source higher value will remove spikes but delay the speed of adjusting
source: source to compare crossing lines.
Rounding Value: value space of the grid.
Entry Window Size: Space for entrys.
Release Notes
updated for V4, if the script does not work in some pairs please report it in the comments.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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.