This indicator is based on the margin requirements of the CME exchange. Zones act as support and resistance levels, which are more likely to have a price reaction.
The recommended zones for entering a position, as well as taking profits, are zones 50 and 100.
For example, you decide to open a short position on the +100 zone, in which case it is recommended to place a stop-loss behind the zone. Take-profit part at -50 and -100, based on the zones from the formed maximum at the +100 zone.
Settings: Select the currency pair and the exchange on which the indicator will work, For example BINANCE:BTCUSD "Margin" (for example,now 68280, the next day the margin will be different) "Tick cost" for BTC = 25 or 12.5 taken from the CME exchange.
"Price max"- High yesterday (for example 44451). "Price min"- Low yesterday (for example 41280). Please note, with strong volatility, it is recommended to change the Tick cost instead of 25 to put 12.5
And also, only dots " . " not commas ", " work in the indicator.
This will also work on stock।lines doesn't see on the chart।what to do।
kryptodude
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@vinikumar72, each instrument has its own margin and tick cost, these data are on the CME exchange. You need knowing how to find them on this exchange. The indicator works on all currency pairs, both on cryptocurrencies and on the stock market.
vinikumar72
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@kryptodude, how to find data and how to that data implement in this script.can you explain me?
kryptodude
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@vinikumar72, I can explain, but without references to the CME it will be incomprehensible, it will not work to explain on the fingers. Links to third party sites are prohibited here.
AvoskaCapitals
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@kryptodude, where i could find a tick costs fo ethereum?=/