Cyatophilum Auto Key Levels

This indicator will automatically plot key horizontal levels.
The script will create a grid from highest to lowest price, dividing this price range into several steps.
It will then loop through each bar and save its cummulative price/volume into each steps.
The steps with the most significant prices/volume are finally plotted into key levels.

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Settings

• Precision: The number of steps. Increase if you want more precise levels or decrease for bigger areas.
• Lookback: The number of bars from the past used to calculate the levels.
• Strength: The amount of lines to show.
• Use Volume: For volume weighted key levels.

Catatan Rilis

Removed « lookback » parameter. Instead, the script will automatically adapt to the chart's visible bars.
The key levels default color is now automatically converted to the high contrast color that fits best the chart's background color. You can still change the color to any color in the inputs.

Catatan Rilis

Added the option to use a lookback for levels calculation

Catatan Rilis

Updated chart

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

cyatophilum

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Skrip open-source

cyatophilum

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