Sizeblock Price-Deviation Rows for Trend and Reversal Tracking
Summary
Sizeblock converts price movement into diagonal rows bounded by upper and lower levels around a middle line. The user selects percentage or tick deviations, a quantity for advancing the bounds, and a reversal amount. When price advances through a boundary with a candle moving in the same direction, the row levels shift; the described rules also update them when price moves down through the lower boundary. This produces a chart-based view of local direction, possible support and resistance, breakouts, and pullbacks.
The document presents the tool mainly as a visual aid rather than a stand-alone predictive system. It recommends using other indicators to assess the broader trend and considering position sizing, volatility, stops, and filters for divergences. Published settings identify BTC/USDT futures and a limited date range, but the text gives no performance results. The source describes order modes and direction settings, yet the supplied code excerpt is incomplete, so the full entry and exit behavior cannot be assessed from the document. It also cautions that unsuitable deviation settings can create excessive trading and that pullbacks may turn into reversals.
Key ideas
- Price changes are represented as diagonal rows with a middle line and upper and lower boundaries.
- Percentage or tick deviation settings determine how the boundaries advance and reverse.
- The chart can help visualize local trends, breakouts, pullbacks, and potential support or resistance.
- The document advises combining the display with broader analysis and risk controls.
- No performance evidence is provided, and the source excerpt is incomplete.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.