NEW RELEASE from SCRIPTaCHART!!!!
Non-lagging estimation of future range reversal points for thinkscript, complete with user manual.
Example: Shown here on live /YM futures chart where the 78.6% retracement holds for now. We marked up the chart with drawings to point out our estimation of future range using the indicators' levels. The green MM-cloud is large which is telling us that price hasn't been orderly to the downside in recent history. In our past testing this tells us the levels aren't as valid. The clouds will focus again in future pivots when the chart achieves orderly price movement. That is when we can be more confident in our estimation of future range and improve our trade decisions. The /NQ chart below shows that alignment that makes for better framing.
Two scripts offered as a pair for a limited time at 20% off.
Fibonacci ABC-XYZ
Measured Move ABC-XYZ
both designed by B3
