OPEN-SOURCE SCRIPT

5 Pips Grid

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Description:
The 5 Pips Grid Tool is a versatile and visually intuitive indicator designed to enhance your trading experience by creating a customizable grid of horizontal lines at fixed intervals. Ideal for scalpers, day traders, and price action enthusiasts, this tool helps identify and navigate key price levels with ease.

Features:


  1. Customizable Base Price: Set your preferred starting price for the grid.
  2. Adjustable Line Spacing: Define the interval between each line in price units (e.g., 5 pips or any other value).
  3. Dynamic Visualization: Automatically generates lines above and below the base price, aiding in the identification of price zones, support, and resistance levels.
  4. Interactive Flexibility: Easily modify grid parameters to adapt to market conditions or personal trading strategies.
  5. Performance Optimized: Draws lines only within visible and future-relevant chart areas to maintain chart clarity and prevent clutter.


Use Cases:


  1. Highlight potential entry and exit zones based on price intervals.
  2. Visualize and manage trading strategies, including range trading and breakout levels.
  3. Aid in psychological pricing zones for instruments with consistent pip ranges.


This indicator ensures you never miss key levels while keeping your chart clean and actionable. Perfect for technical traders who value precision and clarity.
發行說明
Description:
The 5 Pips Grid Tool is a versatile and visually intuitive indicator designed to enhance your trading experience by creating a customizable grid of horizontal lines at fixed intervals. Ideal for scalpers, day traders, and price action enthusiasts, this tool helps identify and navigate key price levels with ease.

Features:


Customizable Base Price: Set your preferred starting price for the grid.
Adjustable Line Spacing: Define the interval between each line in price units (e.g., 5 pips or any other value).
Dynamic Visualization: Automatically generates lines above and below the base price, aiding in the identification of price zones, support, and resistance levels.
Interactive Flexibility: Easily modify grid parameters to adapt to market conditions or personal trading strategies.
Performance Optimized: Draws lines only within visible and future-relevant chart areas to maintain chart clarity and prevent clutter.

Use Cases:


Highlight potential entry and exit zones based on price intervals.
Visualize and manage trading strategies, including range trading and breakout levels.
Aid in psychological pricing zones for instruments with consistent pip ranges.

This indicator ensures you never miss key levels while keeping your chart clean and actionable. Perfect for technical traders who value precision and clarity.
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開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

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