Formation Defined Moving Support and Resistance

21 ott 2018

Support and resistance are defined on a formation algorithm. S/R are being redefined when formation reoccur however they are also moving if support or resistance are broken from previous formation defined points.

22 ott 2018

Note di rilascio

- A little bug fix on algorithm.

22 ott 2018

Note di rilascio

- Added option for non moving (adaptive) S/R levels.
- Added option for color the bar yellow where new formation defined. (When related bar is opened, script does not repaint.)

22 ott 2018

Note di rilascio

- Option added to define S/R depending Low/High
- Formation algorithm has been updated regarding new formation definition.

22 ott 2018

Note di rilascio

- Minor bug fix on formation definitions.

23 ott 2018

Note di rilascio

- New formation design added to algorithm.
- Minor bug fixes.

23 ott 2018

Note di rilascio

- New formation designs added to algorithm. (Now script recognizes 9 formations.)
- Bug fix for missing formations.

4 giorni fa

Note di rilascio

The script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source.

Please use the new version: https://www.tradingview.com/script/z5HrceDA-Formation-Defined-Moving-Support-and-Resistance/