For charting weekly
DESCRIPTION & HOW TO USE THE ALERT:
Diamond Levels automatically derives live Price Levels & shows a graphic signal above or below price on the chart.
A directional long/short alert can then be set from the chart indicator to give a live notification of price crossing these price levels.
These levels are derived from live price which means the indicator will give a new level once the previous level is broken.
By visually laying out levels on the chart with red & green diamonds, this indicator allows complex live levels to be identified and used correctly.
Diamond levels can be used alone for long/short signals or used as a visual aid to assist in identifying levels on the chart.
This alert will show levels for the with the current level clearly highlighting possible price turning points or breakouts.
Diamond Levels allows easy determination of levels than can assist in identifying trade entry, profit, target or reversal levels for chartists.
Advantages: Alert displays forming levels
Limitations: If market price breaks the level it will give a new signal at the next level.
TradingView account needed: free
How to gain access to this script: https://www.ceo.codes/custom-indicators-...
Watch a replay of Diamond Levels on Youtube: https://youtu.be/nee7ZzfM8qg
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