OPEN-SOURCE SCRIPT
Quarter theory and whole numbers
This is an indicator that marks off Major whole/quarter levels
Between each major whole they are 1000 pips and that can be quarter and give you major quarter levels of 250 pips
Each of the major whole number can be divided into 10 - 100 pip ranges(giving you minor whole number), and you can in turn quarter these to give you 25 pips.
This is the lowest value you would need as price moves in 25 pip.
You can use this on any market as long as you can figure out the conversion from price into pips for you assets (This varies).
Between each major whole they are 1000 pips and that can be quarter and give you major quarter levels of 250 pips
Each of the major whole number can be divided into 10 - 100 pip ranges(giving you minor whole number), and you can in turn quarter these to give you 25 pips.
This is the lowest value you would need as price moves in 25 pip.
You can use this on any market as long as you can figure out the conversion from price into pips for you assets (This varies).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.