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donchain support&resistance levels [LM]Hello Traders, I would like to introduce you donchain support&resistance levels. The idea is to look for important levels that are identified by donchain line, where donchain usualy spents a lot of time without any move usualy turns out to be good level for bounces. Also note that when there is a big spread between first line and second line it usually leads to some pullback. Here you have an example of big spread: You are also able to show donchain lines and not only horizontals this you can find in settings: Enjoy!
Indicatore Pine Script®
di lmatl
1
Support ResistanceThis indicator was written in pine script code, inspired by the L3 Banker Fund Flow Trend Oscillator indicator whose link I gave below. This indicator is designed to track the flow of banker funds in the market by analyzing price movements and generating entry signals based on specific criteria. It uses a combination of custom functions and moving averages to identify potential points where bankers might be entering the market. Key Features: Fund Flow Trend Calculation: The indicator calculates the fund flow trend using a combination of weighted moving averages. This helps in identifying the overall trend and potential reversals. Bull Bear Line: A key component of the indicator is the Bull Bear Line, which is derived from the typical price, lowest low, and highest high over a specified period. This line helps in determining the strength and direction of the market trend. Banker Entry Signal: The indicator generates a banker entry signal when the fund flow trend crosses above the Bull Bear Line, and the Bull Bear Line is below 25. This condition is indicative of a potential entry point for bankers. Visual Representation: Entry prices and indices for the last five banker entry signals are stored and used to draw dashed lines on the chart, representing these significant levels. A dynamic rectangle is drawn between the last two entry prices, which extends to the right until the specified conditions are met. The rectangle's color changes from red to green if the price crosses above it by at least one bar, indicating a potential support zone. Usage: Trend Identification: Use the fund flow trend and Bull Bear Line to identify the prevailing market trend and potential reversal points. Entry Signals: Pay attention to the banker entry signals as potential points of entry based on institutional fund flow. Support and Resistance: The dynamic rectangle can act as a support zone. Monitor price action relative to this rectangle for potential trading opportunities. This indicator is a powerful tool for traders looking to align their trades with the movements of large institutional players. By understanding and tracking the flow of banker funds, traders can gain valuable insights into market dynamics and make more informed trading decisions.
Indicatore Pine Script®
di ozgurhan
3
Support/Resistance v2 (ML) KmeanKmean with Standard Deviation Channel 1. Description of Kmean Kmean (or K-means) is a popular clustering algorithm used to divide data into K groups based on their similarity. In the context of financial markets, Kmean can be applied to find the average price values over a specific period, allowing the identification of major trends and levels of support and resistance. 2. Application in Trading In trading, Kmean is used to smooth out the price series and determine long-term trends. This helps traders make more informed decisions by avoiding noise and short-term fluctuations. Kmean can serve as a baseline around which other analytical tools, such as channels and bands, are constructed. 3. Description of Standard Deviation (stdev) Standard deviation (stdev) is a statistical measure that indicates how much the values of data deviate from their mean value. In finance, standard deviation is often used to assess price volatility. A high standard deviation indicates strong price fluctuations, while a low standard deviation indicates stable movements. 4. Combining Kmean and Standard Deviation to Predict Short-Term Price Behavior Combining Kmean and standard deviation creates a powerful tool for analyzing market conditions. Kmean shows the average price trend, while the standard deviation channels demonstrate the boundaries within which the price can fluctuate. This combination helps traders to: Identify support and resistance levels. Predict potential price reversals. Assess risks and set stop-losses and take-profits. Should you have any questions about code, please reach me at Tradingview directly. Hope you find this script helpful!
Indicatore Pine Script®
di Arivadis
Support/Resistance With Breaks & Bounces [MyTradingCoder]This script uses the built-in pivothigh/pivotlow functions to find and identify new levels of basic support and resistance. The script will also automatically identify the first occurrence of a bounce/rejection off the most recent green/red line as well as automatically identify the first occurrence of a breakout of the most recent green/red line. This is a very basic, but effective indicator that is well written, and open source for anyone to learn from or build off of. All details needed to understand how to use the script are listed below. Enjoy! Customizable inputs: - Option to change how pivot points are calculated('candle body' or 'candle wicks') - Option to change the sensitivity of the pivots(leftbars and rightbars linked) - Option to change the line width Available Alert Options: - Red Line Breakout - Red Line Bounce/Rejection - Green Line Breakout - Green Line Bounce/Rejection User Manual: - All calculations are done on the last update of the bar(candle close) - Only 1 breakout will be allowed per line - Only 1 rejection will be allowed per line - If the text is red, then the signal is related to the 'red line', if the text is green, then the signal is related to the 'green line' - The code is open source, and is programmed using arrays/loops out of the gate, despite not needing to do so. This allows for easy modifications to the scripts behavior while keeping the functionality without it breaking. - Pivot Rightbars is hardcoded to the same value for leftbars(leftbars = sensitivity). Uncomment the input for right_bars if you want the ability to change the rightbars independently from the leftbars - When a new line is identified, the old one will stop updating, and no longer be considered for breakout/rejections. This can be changed with a bit of pine knowledge by performing some slight modifications to the code. - When a new line is drawn, the old line will move backwards a little bit for cleanliness/clarity purposes - If you have any questions/comments/requests/concerns please leave them down in the comments below - Don't forget to leave a like if you find this script useful
Indicatore Pine Script®
di MyTradingCoder
7
Support Resistance Major/Minor [TradingFinder] Market Structure🔵 Introduction Support and resistance levels are key concepts in technical analysis, serving as critical points where prices pause or reverse due to the interaction of supply and demand. These foundational elements in price action and classical technical analysis assist traders in understanding market behavior and making better trading decisions. Support levels are zones where demand is strong enough to prevent further price declines, while resistance levels act as barriers that hinder price increases. Support and resistance levels are divided into two main types: static and dynamic. Static levels are fixed horizontal lines on charts, formed based on historical price points, and are crucial due to repeated price reactions in these areas. Dynamic levels, on the other hand, move with market trends and are often identified using tools like moving averages and trendlines. These levels are particularly useful for analyzing dynamic trends and identifying potential reversal points in financial markets. The importance of support and resistance in technical analysis lies in their ability to pinpoint price reversal or continuation points. Professional traders use these levels to determine optimal entry and exit points and combine them with tools such as Fibonacci retracements or moving averages for precise strategies. Detailed analysis of price behavior at these levels provides insights into trend strength and the likelihood of price breaks or reversals. By understanding these concepts, technical analysts can forecast future price movements and optimize their trading decisions using tools such as indicators and price action. Support and resistance levels, as a cornerstone of technical analysis, form the foundation for many trading strategies. 🔵 How to Use The Static Support and Resistance Indicator is a vital tool for identifying significant price zones in financial markets. It automatically detects major and minor support and resistance levels in both short-term and long-term intervals, enabling traders to analyze price behavior accurately and develop optimal entry and exit strategies. 🟣 Major Long-Term Support and Resistance Major Long-Term Support : The lowest price points recorded over long-term intervals that prevent further declines. Major Long-Term Resistance : The highest price points in long-term intervals that limit further price increases. 🟣 Minor Long-Term Support and Resistance Minor Long-Term Support : Temporary halts in price decline within a downtrend over long-term intervals. Minor Long-Term Resistance : Short-term zones within long-term intervals where prices react negatively in an uptrend. 🟣 Major Short-Term Support and Resistance Major Short-Term Support : The lowest price points in short-term intervals that act as barriers against sharp price drops. Major Short-Term Resistance : The highest points in short-term intervals that prevent further price surges. 🟣 Minor Short-Term Support and Resistance Minor Short-Term Support : Temporary halts in price decline within short-term downtrends. Minor Short-Term Resistance : Zones where price reacts quickly and reverses in short-term uptrends. 🔵 Settings Long Term S&R Pivot Period : Defines the interval for identifying long-term support and resistance levels (default: 21). Short Term S&R Pivot Period : Defines the interval for identifying short-term support and resistance levels (default: 5). 🟣 Long-Term Lines Major Line Display : Enable/disable major long-term lines. Minor Line Display : Enable/disable minor long-term lines. Major Line Colors : Green for support, red for resistance (long-term major levels). Minor Line Colors : Light green for support, light red for resistance (long-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major long-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor long-term levels. Major Line Width : Adjust the thickness of major long-term lines. Minor Line Width : Adjust the thickness of minor long-term lines. 🟣 Short-Term Lines Major Line Display : Enable/disable major short-term lines. Minor Line Display : Enable/disable minor short-term lines. Major Line Colors : Gray-green for support, gray-red for resistance (short-term major levels). Minor Line Colors : Dark green for support, dark red for resistance (short-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major short-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor short-term levels. Major Line Width : Adjust the thickness of major short-term lines. Minor Line Width : Adjust the thickness of minor short-term lines. 🔵 Conclusion Static support and resistance levels are among the most critical tools in technical analysis, helping traders identify key reversal or continuation points. This indicator simplifies and enhances the analysis process by automatically detecting major and minor levels in both short-term and long-term intervals. It allows traders to customize settings to suit their trading strategies and analyze different market levels effectively. Using this indicator improves price action analysis, enhances market understanding, and identifies trading opportunities. Applicable to all trading styles, from day trading to long-term investing, it is an essential tool for technical analysis. Combining this indicator with other tools like trendlines, Fibonacci retracements, and moving averages enables comprehensive analysis and allows traders to navigate financial markets with greater confidence.
Indicatore Pine Script®
di TFlab
9
[UST] Protein+Support/Resistance Script: A Comprehensive Overview Thanks to Pmgjiv for providing the foundation to this improved Version. In the world of trading, having a robust support and resistance analysis tool can make a significant difference in decision-making and overall strategy. Let's delve into the enhancements made to the support/resistance script and how each component contributes to a trader's arsenal: Changes and improvements made for the script to help Traders make better rational decisions in their Trading: 1. Multiple Timeframes: Integrating multiple timeframes into the analysis provides a multi-dimensional view of the market. Traders can now assess price action across different time horizons simultaneously. This feature allows for a deeper understanding of market dynamics and helps in identifying significant support and resistance levels across various timeframes. 2. Timeframe Labels Inside Zones: By including timeframe labels within the zones, traders can easily identify the origin of each support or resistance level. This contextual information enhances clarity and facilitates more informed decision-making, especially when navigating through multiple timeframes. 3. Visual Zone Update: Visual updates on zones enable traders to track changes in support and resistance levels in real-time. This dynamic feature enhances the analytical process by providing immediate insights into evolving market conditions, thereby enabling traders to adapt their strategies accordingly. 4. Zones Hit: Understanding the frequency and intensity of zone hits offers valuable insights into the strength and relevance of support and resistance levels. Traders can gauge the significance of each zone based on its historical interaction with price, thereby gaining a deeper understanding of market sentiment and potential trading opportunities. 5. Option to Turn off Current Timeframe: The ability to toggle off the current timeframe streamlines chart analysis by focusing only on the most critical support and resistance zones. This decluttering feature helps traders prioritize key levels, reducing cognitive overload and enhancing decision-making efficiency. Explanation of Additional Functions: a. Lookback: The 'lookback' parameter allows traders to customize the age of support and resistance zones based on their trading style and preferences. By adjusting the lookback setting, traders can choose whether to prioritize recent price action or consider historical data, thus tailoring the analysis to their specific trading strategies. b. Swinglength: Swinglength determines the sensitivity of the support and resistance zones. By modifying this parameter, traders can control how aggressively the script identifies pivot points. A higher swinglength value results in smoother, more stable zones, whereas a lower value increases sensitivity, capturing smaller price movements. c. ZigZag Indicator: The ZigZag indicator plays a pivotal role in identifying significant price reversals. Its period setting determines the number of price bars considered before confirming a pivot point. Traders can utilize this indicator to identify key turning points in the market, aiding in the identification of robust support and resistance levels. Impact of Sensitivity on Zones: Adjusting the sensitivity of the ZigZag indicator directly influences the identification and delineation of support and resistance zones. Higher sensitivity levels result in fewer but more robust zones, capturing significant price movements. Conversely, lower sensitivity levels yield more zones, accommodating smaller price fluctuations but potentially introducing noise into the analysis. d. S/R Range: The ability to adjust the width of support and resistance zones allows traders to customize the breadth of key areas on a chart. Choosing a wider range encompasses a broader spectrum of prices, thereby identifying more comprehensive support and resistance levels. This flexibility enables traders to adapt their analysis to different market conditions and trading strategies. Utilization in Trading: Comprehensive Analysis: By incorporating multiple timeframes, traders gain a holistic view of market dynamics, enabling them to identify high-probability trading opportunities across various horizons. Contextual Understanding: Timeframe labels within zones provide context, helping traders understand the significance of each level in relation to different timeframes and market conditions. Real-time Adaptability: Visual zone updates facilitate real-time analysis, allowing traders to adjust their strategies promptly in response to changing market conditions. Informed Decision-making: By considering zone hits, traders can assess the strength and relevance of support and resistance levels, enhancing their ability to make informed trading decisions. Customized Analysis: Adjustable parameters such as lookback, swinglength, and sensitivity empower traders to tailor the analysis to their individual trading styles and preferences, enhancing precision and effectiveness. In summary, these enhancements to the support/resistance script provide traders with a powerful toolkit for analyzing market dynamics, identifying key levels, and executing well-informed trading strategies across various timeframes and market conditions.
Indicatore Pine Script®
di CognitiveAlpha
16
Support Resistance - Percentile LevelsKey Features: 1. Percentile Calculations: The indicator calculates the 95th percentile (PercentilePlot100) and the 5th percentile (PercentilePlot5) of the high and low prices over specified lengths. The lengths for these calculations are adjustable via input fields, allowing users to customize the periods used for percentile calculations. 2. Percentile Levels: Resistance Levels (R1, R2, R3, R4): Plots resistance levels based on the 95th percentile of the high prices over different lengths (100, 200, 750, 4500). Support Levels (S1, S2, S3, S4): Plots support levels based on the 5th percentile of the low prices over different lengths (100, 200, 750, 4500). 3. High-Timeframe Average: Calculates and plots the average of the 750-period high and low percentiles (htfavg), which acts as a pivot point on the chart. How to Use This Indicator: 1. Identify Key Support and Resistance Levels: Use the plotted resistance (R1, R2, R3, R4) and support (S1, S2, S3, S4) levels to identify key areas where price may reverse or consolidate. 2. Pivot Point Analysis: The plotted pivot point (htfavg) can be used to identify potential areas of trend change or consolidation. It represents the average price level based on higher timeframe percentiles. 3. Trend Analysis: By observing how price interacts with these percentile levels, traders can gain insights into market trends and potential reversal points. Customization: The input fields allow you to customize the lengths of the percentiles and the percentile plot values according to your trading strategy and timeframe preference. In summary, this indicator can help traders identify significant support and resistance levels, potential pivot points, and overall market trends based on percentile calculations of high and low prices over various periods. This can be valuable for making informed trading decisions and setting entry and exit points. If you have any specific questions or need further customization, feel free to ask! 😊
Indicatore Pine Script®
di GTR511
Support Resistance base Volume RSIThe indicator displays support and resistance levels based on volume and the Relative Strength Index (RSI). Variable and Input Assignment: lookback: Determines the period for data lookback. RsiVisible, RsilabelSize, OversoldForRsi, OverboughtForRsi: Various inputs to adjust RSI indicator parameters. Indicator Calculation: highestVol: Finds the highest volume within a certain period. Rsi: Calculates the RSI value with a period of 14. roc: Calculates the Rate of Change. Support and Resistance Level Determination: Uses a comparison between price change (roc) and RSI value to determine whether the price is rising or falling. If the price is rising and the current volume is greater than the previous highest volume, a new resistance level is established. If the price is falling and the current volume is greater than the previous highest volume, a new support level is established. Support and Resistance Lines: Creates lines indicating the latest support and resistance levels. These lines are updated whenever there is a change in support or resistance levels. RSI Labels: Displays the RSI value above or below the price chart depending on whether the RSI is above or below the overbought or oversold levels. If the RSI value is above the overbought level, the label is displayed above the price. If the RSI value is below the oversold level, the label is displayed below the price. Labels are removed if the corresponding conditions are not met. Additional RSI Label: Adds an additional label displaying the RSI value next to the price chart on the last bar. The main purpose of this script is to assist traders in identifying support and resistance levels based on price movement, volume, and the RSI indicator. Thus, traders can use this information to make better trading decisions.
Indicatore Pine Script®
di dnngp
2
Support/Resistance Breakout DetectorThis indicator automatically detects and plots dynamic support and resistance levels using pivot highs and lows. ✅ It draws red resistance lines and blue support lines, ✅ The lines extend forward but automatically stop when the price touches them, ✅ It monitors for breakouts with strong volume, ✅ When a breakout happens, it shows labels like “B” or “Bull Wick” / “Bear Wick” on the chart, ✅ It also triggers alerts when support or resistance breaks with high volume. Main settings: Pivot lookback period Show/hide breakout labels Minimum volume for breakout Maximum extension length for lines This tool helps traders easily spot key price levels and watch for meaningful breakouts.
Indicatore Pine Script®
di Chart_Guide
Support/Resistance LinesThis script displays support and resistance lines at the levels you enter in the Input Settings. It does not perform the S/R calculations. It allows you to: Enter up to 6 support and 6 resistance lines each; any with value of 0 will be hidden Specify one ticker that it applies to, so the lines will be hidden if you switch charts Set the text size, color, horizontal offset, and whether to display the price values for each line Set the color, transparency and line type for the S/R lines
Indicatore Pine Script®
di David-Hamilton
9
Support, Resistance, MA, and ADXSummary This comprehensive script provides traders with a tool that highlights critical levels of support and resistance, detects significant price breakouts with volume confirmation, identifies potential reversals with wick analysis, and plots a moving average that changes color based on trend strength as indicated by the ADX. It is useful for spotting entry and exit points, confirming breakouts, and identifying trend direction and strength.
Indicatore Pine Script®
di gouse313
1
Support Resistance ZonesSupport and resistance zones are used across all markets by traders and bots alike to identify liquidity and possible bounce areas. This script automates the drawing of those zones based on a number of variables, such as lookback period, channel width, number of touch confirmations and more. This script also implements a some useful alerts so you can rest easy until the market hits a point of interest: Enter SR Zone Exit SR Zone Break Upper Resistance Break Lower Resistance
Indicatore Pine Script®
di sourcey
4
Support Resistance - Aging [Example]Hello All, First all of Thanks to Pine Team for adding Arrays to Pine! In this script I tried to make example for 1. Finding S/R lines using highest/lowest function 2. Using 1D array as 2D (we keep S/R levels and age) 3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears) You can use "Close"/Open " or " High/Low " as source. There is an option for the background color, by default it's Black, do not forget to set it accordingly :) Enjoy!
Indicatore Pine Script®
di LonesomeTheBlue
19
MACD/STOCH Multi Time Frame Sell Signal🧠 MACD/STOCH Multi Time Frame Sell Signal This indicator identifies short trade opportunities based on multi-timeframe momentum alignment using the MACD and Stochastic RSI. ⚠️ Warning: Use With Further Confirmation To avoid false signals: This helps align short trades with high-probability reversals: 1. Use your own TA to support the short trade. For example, I only take a trade if price action has hit major areas of resistance and we have just had a period of expansion. 2. Another example: NVDA has a Down trending channel, if we have recently hit that channel will I enter a short. 🔍 How It Works: A SELL signal is generated when all three of the following bearish crossovers have occurred: 30-minute MACD (fast reaction trigger) 3-hour MACD (intermediate confirmation) 6-hour Stochastic RSI (%K crossing below %D) The indicator tracks these independently and plots a SELL label on the bar where the final confirmation happens. Each signal is shown only once per full setup. ✅ Best For: Timing short entries with multi-timeframe convergence Avoiding choppy low-timeframe setups without higher-timeframe context Pairing with support/resistance or price structure for confluence
Indicatore Pine Script®
di Enacker
1
Support and Resistance ZoneSupport and Resistance Zone Indicator : Introduction : The purpose of this indicator is to identify the chart symbol's main supports and resistances. It displays these key zones, which are very important psychological points for traders. Since support and resistance are not very precise levels, the indicator displays them as zones. Pivots : Pivots are a key concept in identifying support and resistance. The indicator uses two types of pivot: Pivot high : This is a high point that has not been reached by a user-defined number of candles on either the left and right of this candle. The " left pivot leg " is the number of candles before this pivot point that have not reached the realized high, and the " right pivot leg " is the number of candles after this pivot point that have not reached this high. If these two conditions are met, the pivot point is considered a turning point, and resistance is probably the cause. Pivot low : This is a low point that has not been reached by a user-defined number of candles on either the left or right. The " left pivot leg " is the number of candles before this pivot point that have not reached the candle low, and the " right pivot leg " is the number of candles after this pivot point that have not reached this low. If these two conditions are met, the pivot point is considered a turning point, and support is probably the cause. Support/Resistance area : If a pivot point has been identified, the indicator considers it a resistance if it's a pivot high, or a support if it's a pivot low. To define the support or resistance zone, we'll use the ATR (Average True Range), an indicator that measures asset volatility. We'll take the ATR of the candle for which the pivot was spotted, and use it as the width of the support or resistance zone. Thus the upper line of support/resistance is at pivot+atr/2 and the lower line is at pivot-atr/2 . The greater the volatility, the larger the zone. New Support/Resistance : If a new pivot has been identified, but the level of this pivot lies between the lower line and the upper line of the previous support or resistance, the indicator considers this to be the same support or resistance as before. In this case, no new support or resistance is created. The pivot must be outside the area of the previous support or resistance to be validated. Anticipated Support/Resistance : This indicator also allows early detection of support or resistance. To do this, the value of the right pivot legs will be shortened in order to find these areas more quickly. The support or resistance will then be considered anticipated and may disappear at any time if the high/low is reached. On the other hand, if the high/low is not reached, and a number of candles equal to the " Right Pivot Legs" parameter has elapsed since the detection of this anticipated support/resistance, it will be considered validated and will integrate the other supports/resistances of the chart. Extended supports/resistances : For a more optimal view, the indicator allows the user to choose the number of last support or resistance levels to be extended to the last candle. This must be specified in the indicator parameters. Parameters : Pivot Legs : Determine the left and right legs of the pivot i.e the number of candle before and after the pivot that doesn’t reach pivot point. The pivot is validated only if this two conditions are verified. Extend Last Supports : Number of supports to extend to the last bar Extend Last Resistances : Number of resistances to extend to the last bar Show Support/Resistance Anticipated : If yes, will find anticipated support and resistance Right Pivot Legs for Anticipation : Determine the right legs of pivots to find faster a support or a resistance. Conclusion : This indicator plot support and resistance zones based on pivot. The width of support and resistance zones are calculated with ATR. Possibility to find anticipated support and resistance in order to have more timeliness informations. Enjoy the indicator and don’t forget to take the trade ;)
Indicatore Pine Script®
di geneZ_fi
7