Grid 1% lines

16. Okt.

% -> 0.01 = 1%
Num Lines: Num lines in each direction

20. Okt.

Versionshinweise

Grid Lines % - Dynamic Price Grid Indicator
This indicator creates a percentage-based grid of horizontal lines around the current price, helping traders visualize key price levels and potential support/resistance zones.
Key Features:

Customizable Step %: Set the percentage distance between grid lines (e.g., 1% = lines at ±1%, ±2%, ±3%, etc.)
Adjustable Grid Size: Control how many lines appear above and below the center price
Dynamic or Static Mode: Choose whether the grid follows price movement in real-time or stays fixed at a specific price level
Color Customization: Different colors for lines above (default green), below (default red), and center line (default yellow)
Style Options: Select between solid, dotted, or dashed lines with adjustable width

How to Use:

Set your desired step percentage (1% is typical for most assets)
Adjust the number of lines to display above and below the center
Enable "Move with price" to track current price, or disable it to lock the grid at a specific level
Customize colors and line styles to match your chart preferences

Ideal for:

Grid trading strategies
Identifying percentage-based take profit and stop loss levels
Visualizing price volatility and movement ranges
Setting up systematic entry and exit points