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Velocity Line -csgnanam
**Concept & Logic**
This indicator is designed to project potential price targets ("Velocity Levels") based on the market's elasticity. It operates on the principle that the depth of a pullback often dictates the magnitude of the subsequent reversal move.
**How it Works:**
1. **The Anchor (Zero Line):** The script locks onto the **Close of the first candle on Monday (09:15)**. This acts as the weekly equilibrium or "Zero Line."
2. **Measuring the Spring:**
* **Bullish Velocity:** If the market drops below the Monday First Close, the script tracks the *lowest point* reached. The distance from the Monday Close to this Low is calculated as the "Downside Stretch."
* **Bearish Velocity:** If the market rallies above the Monday First Close, it tracks the *highest point*. The distance is the "Upside Stretch."
3. **The Trigger & Target:**
* When price reverses and crosses back over the **Monday First Close**, the script projects that "Stretch" distance to the opposite side.
* *Example:* If the market fell 400 points from the Monday open, a cross back above Monday open projects a +400 point target upside.
**Key Features:**
* **Pending vs. Confirmed:** Shows "Pending" dotted lines in real-time as the market makes new lows/highs, helping you anticipate the target before the breakout happens.
* **Sustain Logic:** Velocity lines act as Support/Resistance. They are only removed if the price sustains (closes) beyond them for `X` bars (default 15), preventing lines from disappearing on mere wick touches.
* **Multi-Week Persistence:** Unfinished targets from previous weeks remain on the chart until hit, allowing for swing trade planning.
* **Reference Levels:** Options to display Monday and Friday first candle closing levels for additional reference.
**How to Trade It:**
* **Targeting:** Use the Velocity Line as a primary Take Profit level once a reversal is confirmed above the Monday First Close.
* **Reversals:** Look for price action reversal patterns (doji, engulfing) exactly at the Velocity Line. The theory suggests the "energy" of the move is often exhausted at this symmetry point.
This indicator is designed to project potential price targets ("Velocity Levels") based on the market's elasticity. It operates on the principle that the depth of a pullback often dictates the magnitude of the subsequent reversal move.
**How it Works:**
1. **The Anchor (Zero Line):** The script locks onto the **Close of the first candle on Monday (09:15)**. This acts as the weekly equilibrium or "Zero Line."
2. **Measuring the Spring:**
* **Bullish Velocity:** If the market drops below the Monday First Close, the script tracks the *lowest point* reached. The distance from the Monday Close to this Low is calculated as the "Downside Stretch."
* **Bearish Velocity:** If the market rallies above the Monday First Close, it tracks the *highest point*. The distance is the "Upside Stretch."
3. **The Trigger & Target:**
* When price reverses and crosses back over the **Monday First Close**, the script projects that "Stretch" distance to the opposite side.
* *Example:* If the market fell 400 points from the Monday open, a cross back above Monday open projects a +400 point target upside.
**Key Features:**
* **Pending vs. Confirmed:** Shows "Pending" dotted lines in real-time as the market makes new lows/highs, helping you anticipate the target before the breakout happens.
* **Sustain Logic:** Velocity lines act as Support/Resistance. They are only removed if the price sustains (closes) beyond them for `X` bars (default 15), preventing lines from disappearing on mere wick touches.
* **Multi-Week Persistence:** Unfinished targets from previous weeks remain on the chart until hit, allowing for swing trade planning.
* **Reference Levels:** Options to display Monday and Friday first candle closing levels for additional reference.
**How to Trade It:**
* **Targeting:** Use the Velocity Line as a primary Take Profit level once a reversal is confirmed above the Monday First Close.
* **Reversals:** Look for price action reversal patterns (doji, engulfing) exactly at the Velocity Line. The theory suggests the "energy" of the move is often exhausted at this symmetry point.
نص برمجي محمي
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.