This is a really simple indicator code by me, Playstation, using Mr Yen's aka realBrianWatt method of trading within the zones of 40 handles on /ES.
Warning: Only use this on /ES, not for any other products. Change deviation according to what you want. 20 each side is the suggested value.
Totally forgot about the Discord and here. Yes, please follow Mr Yen, aka realbrianwatt on twitter for understanding of his method. He does have a youtube channel where he does his live sessions, so it would be good to learn there on his methods of trading.
**fair warning, he cusses and rants alot...but what he teaches is golden.
Warning: Only use this on /ES, not for any other products. Change deviation according to what you want. 20 each side is the suggested value.
Code:
# Previous Day Close Made By Playstation using MrYen aka realBrianWatt method.
# This remains free for all to use.
input aggregationPeriod = AggregationPeriod.DAY;
input length = 1;
input displace = -1;
input showOnlyLastPeriod = no;
input deviation = 20;
plot PreviousDayClose;
if showOnlyLastPeriod and !IsNaN(close(period = aggregationPeriod)[-1]) { PreviousDayClose = Double.NaN;}
else { PreviousDayClose = Highest(close(period = aggregationPeriod)[-displace], length);}
PreviousDayClose.SetLineWeight(3);
PreviousDayClose.SetDefaultColor(Color.GREEN);
def TC = PreviousDayClose + deviation;
def BC = PreviousDayClose - deviation;
def TC2 = TC+40;
def BC2 = BC-40;
AddCloud(TC, TC2, Color.RED, Color.RED);
AddCloud(BC, BC2, Color.GREEN, Color.GREEN);
Totally forgot about the Discord and here. Yes, please follow Mr Yen, aka realbrianwatt on twitter for understanding of his method. He does have a youtube channel where he does his live sessions, so it would be good to learn there on his methods of trading.
**fair warning, he cusses and rants alot...but what he teaches is golden.
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