Tirone Levels: How to Find Perfect Support and Resistance Zones in TradingView

Tirone Levels are like having a roadmap for price movements. They draw horizontal lines on your chart showing where the price might stop or turn around. It's based on simple math using the highest and lowest prices over a certain time.

These levels can help you see where buyers and sellers might show up next. The indicator draws several lines that act like potential floors and ceilings for the price.

What Are Tirone Levels?

Tirone Levels show you five important lines on your chart:

• The highest level where price might struggle to go above
• A high level where sellers might come in
• A middle line that acts like a balance point
• A low level where buyers might step in
• The lowest level where price might find support

It calculates these in two ways:

1. By splitting the recent price range into three equal parts
2. Using an average of highs, lows and closes to find important levels

About Pineify

Pineify is like a playground for TradingView indicators. Instead of writing code from scratch, you can:

• Drag and drop to build indicators
• Choose from ready-made tools (including Tirone Levels)
• Test your trading ideas
• Get the code automatically made for you

It's made for traders who want to customize their charts without becoming programmers.

Adding Tirone Levels to Your Chart

Here's how to get Tirone Levels on your TradingView chart:

1. Go to pineify.app
2. Find the Tirone Levels in their collection
3. Tweak the settings if you want
4. Copy the code it gives you
5. Paste into TradingView's Pine Editor
6. Add it to your chart

How to Trade With Tirone Levels

These levels work in different market conditions:

When Price Bounces

• Buy when price hits the lower levels and bounces up
• Sell when price hits the upper levels and drops down

When Price Breaks Through

• If price pushes through the top level, it might keep going up
• If price breaks below the bottom level, it might keep falling

In Sideways Markets

• The levels make clear boundaries to trade between
• Buy near the lows, sell near the highs

Good Settings to Start With

The default 20-period setting works for most charts. You might try:

• 10-15 periods for quick day trades
• 30-50 periods for swing trading
• 100+ for long-term investing

Make the lines easy to see but not too distracting. Different colors help tell the levels apart.

Testing Your Ideas

You can check how well these levels work before using real money:

1. Set rules for when to enter trades
2. Decide where to take profits or cut losses
3. See how it would have worked in the past
4. Adjust your approach based on the results

Final Thoughts

Tirone Levels give you clear reference points on your chart. They're simple but powerful when combined with other tools and good risk management. Whether you're just starting or have been trading for years, these levels can help you spot better opportunities.

Remember - no indicator works perfectly all the time. Use these levels as guides, not guarantees.