OPEN-SOURCE SCRIPT

Volatility Support & Resistance [LM]

10 360
Hello guys,

I would like to introduce you volatility support and resistance horizontals. It draws line horizontal on high and low vhighly volatile candles. You can select lines on this timeframe and/or another one. It's done in the same spirit like my other indicators for horizontals

The colors are dynamic depending whether price is below or above the line:


for the current timeframe green is used for support and blue for resistance
for the other timeframe by default 4h orange is used for support and violet for resistance


There are various sections in setting:

general settings - here you can select ATR length, multiplier and show labels
show and hide section of the current timeframe
other timeframe
show and hide other timeframe horizontals



Any suggestions are welcome

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.