OPEN-SOURCE SCRIPT
Target_SL_Indicator
Indicator which plots lines at levels as per below calculations
Line1: high + (high - low) * 0.146
Line2: high + (high - low) * 0.236
Line3: low + (low - high) * 0.146
Line4: low + (low - high) * 0.236
The multiplication factors are also configurable and can be given from inputs.
High and low are calculated on the bar which is calculated as below.
Bar on which calculations are done :: starting bar of day + number of bars as given in input.
Line1: high + (high - low) * 0.146
Line2: high + (high - low) * 0.236
Line3: low + (low - high) * 0.146
Line4: low + (low - high) * 0.236
The multiplication factors are also configurable and can be given from inputs.
High and low are calculated on the bar which is calculated as below.
Bar on which calculations are done :: starting bar of day + number of bars as given in input.
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