PROTECTED SOURCE SCRIPT
MATHR3E LINES
█ OVERVIEW
MATHR3E LINES automatically draws Demand lines and Supply lines with their associated targets
█ CONCEPTS
Disclaimer:
MATHR3E LINES indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
How to use:
The indicator draws Demand lines and Supply lines with their associated targets.
These lines connect pivot points which are:
- Lows surrounded on either side by higher lows
- Highs surrounded on either side by lower highs.
The key to drawing trend lines objectively is to select the right pivot points. Their significance is determined by the number of surrounding highs and lows.
By default, these are set to 1 since they are more sensitive to price action than higher level pivot points, and therefore provide an earlier breakout signal.
Another approach suggests that the most significant points to connect are those whose levels coincide with trend reversals.
Once you have chosen a demand line, there are 3 conditions that must be met for the trend line to be used.
As far as one or more of the conditions is met, a break of the intrabar trendline is expected, and a closing violation above the breakout level is likely.
Qualifiers
• Qualifier #1: Reverse Break
• Qualifier #2: Gap Break
• Qualifier #3: Pressure Break
In turn, a confirmed breakout entry may be invalidated the following bar, if any of the disqualifying conditions occur:
Disqualifiers
• Open Failure
• Close Failure
• H/L Failure
█ FEATURES & BENEFITS
Versatile:
This indicator can be applied to any market or time frame.
The methodology is equally relevant whether you are day trading or position trading.
Breakout confirmation:
• If a breakout is confirmed, its associated lines will turn solid.
• Otherwise, for invalidated breakouts or broken trendlines , they will remain dashed
Alerts
Get notified on:
•Demand/Supply Line Confirmed Breaks
•Demand/Supply Invalidated Breaks
•Demand/Supply Target Reached
MATHR3E LINES automatically draws Demand lines and Supply lines with their associated targets
█ CONCEPTS
Disclaimer:
MATHR3E LINES indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
How to use:
The indicator draws Demand lines and Supply lines with their associated targets.
These lines connect pivot points which are:
- Lows surrounded on either side by higher lows
- Highs surrounded on either side by lower highs.
The key to drawing trend lines objectively is to select the right pivot points. Their significance is determined by the number of surrounding highs and lows.
By default, these are set to 1 since they are more sensitive to price action than higher level pivot points, and therefore provide an earlier breakout signal.
Another approach suggests that the most significant points to connect are those whose levels coincide with trend reversals.
Once you have chosen a demand line, there are 3 conditions that must be met for the trend line to be used.
As far as one or more of the conditions is met, a break of the intrabar trendline is expected, and a closing violation above the breakout level is likely.
Qualifiers
• Qualifier #1: Reverse Break
• Qualifier #2: Gap Break
• Qualifier #3: Pressure Break
In turn, a confirmed breakout entry may be invalidated the following bar, if any of the disqualifying conditions occur:
Disqualifiers
• Open Failure
• Close Failure
• H/L Failure
█ FEATURES & BENEFITS
Versatile:
This indicator can be applied to any market or time frame.
The methodology is equally relevant whether you are day trading or position trading.
Breakout confirmation:
• If a breakout is confirmed, its associated lines will turn solid.
• Otherwise, for invalidated breakouts or broken trendlines , they will remain dashed
Alerts
Get notified on:
•Demand/Supply Line Confirmed Breaks
•Demand/Supply Invalidated Breaks
•Demand/Supply Target Reached
受保護腳本
該腳本是閉源發佈的，您可以自由使用。您可以把它加入到常用以在圖表上使用它。您無法查看或修改其原始碼。
想在圖表上使用此腳本？
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⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
⬛ Access to MATHR3E Indicators 📈🔓:
⬛ patreon.com/MATHR3E/
🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
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