I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous...
Round function in PineScript is very simple and allows you to round numbers only to the closest integer number. This is a bit irritating because I very often have to round numbers to some decimal places and not integer.
So I created 2 functions I use all the time and now sharing them with you.
roundn - rounds the values in its first argument to the...
If you search the internet, you won't find much about these types of resistance and support levels. Hidden levels are SnR levels calculated based on some psychological patterns and sometimes it's unbelievable that the chart responds to these levels.
So use the indicator and check the idea.
Thought it would be interesting to look into psychological barriers (round numbers) denominated in foreign currencies and see where those barriers show up on a USD chart.
I did a couple of quick and superficial Internet searches to get an idea of which USD pairs are being used the most to trade Bitcoin. My conclusion is that the most relevant currencies are the...
Welcome to Pine Script Tutorial #4
This is more complex than the previous 3 tutorials. This one builds upon the first 3 tutorials.
What does this code do?: It plots on a histogram (at the bottom), the difference between closest round number and the close. So for example 84 -close = 16 pips. It shows the 16 pips on the histogram.
First off, it is actually Two...