MATHR3E

MATHR3E RETRACEMENTS

█ OVERVIEW

MATHR3E Retracements automatically draws upward and downward price projection levels based on Fibonacci ratios and a retracement methodology.


█ CONCEPTS

Disclaimer
MATHR3E RETRACEMENTS 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:
Two kinds of retracement are available:

Regular retracement:
Once a price thrust is identified and a recent exhaustion is formed, Regular retracements can be applied.
The indicator will automatically draw price projection levels based on these Fibonacci ratios: 38.2%, 61.8% and so on.
These levels then help to identify areas of support and resistance in response to the initial price thrust.

Antipodal retracement:
After an all-time record high / low is located, Price projections are applied by the indicator:
 • From an ATH the figure is multiplied by both 0.618 and 0.382 to arrive at downside price projection levels.
 • From an ATL the figure is multiplied by both 1.382 and 1.618 to arrive at upside price projection levels.


█ FEATURES & BENEFITS

Versatile
The indicator is designed to work with other indicators by the same author, including the identification of exhaustion points.
It will then make it easier to identify scaled profit taking levels that are based on Fibonacci levels.
This indicator can be applied to any market or time frame.

Retracement methodology
It differs slightly from the original in the process of identifying the reference low/high points referred as Magnet Price.
While the original determines when the market last traded above the reference low/high, this indicator instead relies on a process of selecting the last confirmed Magnet.
The qualification combines a reference price with the last requirement for wave A, i.e. an eight-bar-high (customizable) reference price, from the Waves indicator by the same author.
Since the process of selecting magnet points is different, this leads to retracement lines that remain closer to the price as trends unfold.
Similar to LINES indicator, this indicator automatically analyzes the price action around these levels to Confirm/Invalid breakouts and deliver signals for trend following.

Qualifiers
Qualifiers/Disqualifiers will then be used to assess whether a trend reversal is coming or whether the previous trend is likely to resume.

Fully Customizable
Especially when selecting magnet levels.
Customizable Fibonacci levels for Regular and Antipodal retracements

Alerts
Alerts format can be adapted to be received on Discord servers.
Set up your alerts and get notified on:
 • Confirmed Break signal
 • Invalidated signal

🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩

⬛ Access to MATHR3E Indicators 📈🔓:
www.patreon.com/MATHR3E/

🟩➖➖➖➖➖➖➖➖➖➖➖➖➖➖🟩
僅限邀請腳本

僅限作者授權的用戶訪問此腳本,並且通常需要付費。您可以將其增加到收藏腳本中,但是只有在向作者請求並獲得許可之後,才能使用它。 請與MATHR3E聯繫以獲取更多資訊,或按照以下作者的說明進行操作。

在您100%信任腳本作者並了解腳本的工作原理之前,TradingView不建議您購買腳本並使用它。在很多情況下,您可以在我們的社群腳本庫中免費找到一個不錯的開源替代品。

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。

作者的說明

Patreon members only.

想在圖表上使用此腳本?

警告:請閱讀,然後再請求訪問權限。