PROTECTED SOURCE SCRIPT
*SSS 50% [Auto]
Updated
** SSS 50% [Auto] - Displays Outside Warning and Previous High/Low on Current chart timeframe or Custom Timeframe Selection **
Outside Warning and Previous high/low levels default is set to the current charts timeframe.
For all Custom Timeframes, select within Indicator settings. Note this indicator is a simple version of my previous SSS Rule Indicator and HTF as this is allows for ONE Timeframe only!
This indicator is based on Sara Strat Sniper's - 50% Rule for trading Outside Bars and helps you visual the method quickly.
** Indicator Setup Requirements **
For Indicator to correctly display the 50% price level you need to setup your chart correctly. Right-click your chart background, select Settings, select Scales and Tick “Indicator Last Value Label". Now your 50% Price level will be displayed.
Known Issues:
Example 1: Selecting Daily Warning, High and Low Levels will not be displayed correctly on a Weekly timeframe and above etc. The Daily selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Daily.
Example 2: Selecting Weekly Warning, High and Low Levels will not be displayed correctly on a Monthly timeframe and above etc. The Weekly selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Weekly. Please apply these same rules for all other timeframe indicator selections.
Outside Warning and Previous high/low levels default is set to the current charts timeframe.
For all Custom Timeframes, select within Indicator settings. Note this indicator is a simple version of my previous SSS Rule Indicator and HTF as this is allows for ONE Timeframe only!
This indicator is based on Sara Strat Sniper's - 50% Rule for trading Outside Bars and helps you visual the method quickly.
** Indicator Setup Requirements **
For Indicator to correctly display the 50% price level you need to setup your chart correctly. Right-click your chart background, select Settings, select Scales and Tick “Indicator Last Value Label". Now your 50% Price level will be displayed.
Known Issues:
- This indicator does not work when you try to view a lower timeframes levels on a higher timeframe chart.
Example 1: Selecting Daily Warning, High and Low Levels will not be displayed correctly on a Weekly timeframe and above etc. The Daily selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Daily.
Example 2: Selecting Weekly Warning, High and Low Levels will not be displayed correctly on a Monthly timeframe and above etc. The Weekly selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Weekly. Please apply these same rules for all other timeframe indicator selections.
- Monthly Warning, High and Low levels will not work correctly on a Weekly chart when the current Weekly candlestick is forming between the end of a previous Month and start of new Month. Once the first Weekly candle of a new Month closes the Monthly levels will now be displayed correctly. Please note, selecting the Monthly levels when viewing a Monthly chart will work as normal and Monthly levels displayed on a Weekly chart will be corrected once the first Weeks candle has closed. I believe this error is caused by a pine script repainting issue when assessing historical price data which is out of my limited scripting brains control.
Release Notes
Custom Functions added as requested by users to produce cleaner charts.- H Line added for 50% level
- Ability to change color for H/L Levels and Labels.
- Adjust Line Width and Line Style
- Adjust 50% and High/Low Label Offsets
- Basic Alert Function added for 50% Level. Add Alert and Select Condition: SSS 50% Auto, followed by Outside Bar Warning. Please note alert functions have been tested and work once the current close price crosses the 50% level. Any issues please let me know and I will update when required.
If any users have experience on how to code more advanced alerts with pine for this indicator please feel free to send me a message.
Also for Auto function to work on any timeframe chart select "Chart" within the indicator settings or select desired custom timeframe to lock. Enjoy :)
Release Notes
Update now includes Normal View OR Planning View.- Normal View = High, Low and 50% Levels will be displayed for the Previous Candle.
- Planning View = High, Low and 50% Levels will be displayed for the Current Candle. Good for weekend chart prep or planning before the market open.
Make sure you only select ONE View as the indicator will not support both views at the same time.
Disclaimer
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