Place levels on chart?

cay7man

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How this is done? Thx

6CvO2AC.png
 
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XeoNoX

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looks like possibly be custom fibonacci retracement levels. Ive seen people draw similar (not fibs) and say it bounced right off the line in examples like that, when in fact it wasnt even close to "right off the line"... and odds are the more lines you have the more odds of it bouncing "right off the line"... that particular screenshot is hilarious, the person has about 2 lines going through just about every single's candle's ATR.
 
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XeoNoX

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note i said POSSIBLY and the word CUSTOM as in custom inputs. you can adjust the % lvls on some fib studies. imo those lines are ridiculous. If your trading with lines as support and resistance ... the idea of trading is to be trying to look at price levels of support and resistance that everyone else and algos are looking at, your dont want to be the lone ranger.
 

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