Dreadblitz

The Fantastic Four of Oliver Velez

This script graphics the "fantastic 4" area, was created by oliver velez and is used in the opening of the american stock market, determined by:

1- ma200 at the closure of the previous day

2- ma20 at the closure of the previous day

3- price of previous day closure

4- activity of the last 30/60 min prior to the closure of the previous day (search the maximum and minimum)

Basically it is a very important support / resistance area the first hour from the opening, the trap area is an area in which it should be avoided to operate if the price opens within the same. In advance of being used as a support / resistance area if the price opens above the 4f is looking for longer opportunities (many more aspects should be evaluated) and if it is below.


Configuration:

- possibility to modify the amount of minutes of the activity of the previous day.
- possibility of hidding the "trap area" label.
- possibility of hidding the "change to temporary frame of 2 min" label.

Note: the temporary framework used is the 2 min, in the event of being in another temporary framework the indicator will not work and will be alerted with a label

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Komentarze

Sir this script is not working please update it 👍🏻
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good interpretation

after watching Oliver Velez speech on MoneyShow event, i have decided to implement one of his strategy.

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hey, can I modify it for use with european stocks? What do I have to change? Thx
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VSanghavi vlcmstone
@vlcmstone, @Dreadblitz how do we change the time as per indian stock markets ? any idea?
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hey time frame 2min? I have 1min 3min 5mi...n
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Dreadblitz whoostyle
@whoostyle,
Sorry, I programmed it this way since the 4F works on a 2-minute time frame, as Oliver Velez teaches it, I can hardly modify the code so that it is possible to change the time frame
+2 Odpowiedz
vlcmstone whoostyle
@whoostyle, you can add custom timeframes in tradingview at the bottom of the timeframe scrolldown menu
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