PROTECTED SOURCE SCRIPT
Diupdate Octave Scale - Anchored
Description
The Octave Scale indicator identifies key market levels by multiplying each price point by the twelfth root of 2 (approximately 1.05946), a concept derived from the equal tempered scale in music where each note is spaced evenly to create a consistent step up in frequency. The twelfth root of 2 is used because it represents the precise mathematical interval needed to divide an octave into 12 equal parts, ensuring a balanced progression between each level.
Inspired by the teachings of Michael S. Jenkins, this approach helps traders mark important support and resistance levels, providing a harmonically balanced perspective on market movements. By stepping through these calculated levels, traders can anticipate potential turning points in the market, whether assessing retracement zones or projecting future price targets. The Octave Scale indicator integrates ancient harmonic principles offering a unique tool for understanding and navigating market dynamics.
How to use
Anchor significant highs or lows and edit the source in settings to reflect the swing.
Indicator in use
The Octave Scale indicator identifies key market levels by multiplying each price point by the twelfth root of 2 (approximately 1.05946), a concept derived from the equal tempered scale in music where each note is spaced evenly to create a consistent step up in frequency. The twelfth root of 2 is used because it represents the precise mathematical interval needed to divide an octave into 12 equal parts, ensuring a balanced progression between each level.
Inspired by the teachings of Michael S. Jenkins, this approach helps traders mark important support and resistance levels, providing a harmonically balanced perspective on market movements. By stepping through these calculated levels, traders can anticipate potential turning points in the market, whether assessing retracement zones or projecting future price targets. The Octave Scale indicator integrates ancient harmonic principles offering a unique tool for understanding and navigating market dynamics.
How to use
Anchor significant highs or lows and edit the source in settings to reflect the swing.
Indicator in use
Catatan Rilis
Manual price input addedSkrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.