Auto Fib Extension and RetracementsThis script is used for plotting the Fibonacci support and resistance levels. Compared to other ones, the changes to this script are that you can choose what color should all the lines be and that it doesn't change the chart's size, meaning that it won't shrink the chart so that all the levels can be seen. If you have any suggestions, I'm open to anything.
Also, if you could give a like/comment or if you could follow me, that would do my day. Thank you all and enjoy!
Cerca negli script per "support"
Quantumvest - Auto LevelsAuthor: Arthur Wayne
Description: This script automatically plots levels according to Primetime Trading Academy guidelines.
Directions:
On the monthly chart, you should select two significant monthly support/resistance levels and input them into the script. It is recommended to mark these levels with the price label tool.
The script will then automatically plot 2 monthly 'wings' or additional monthly support/resistance levels above and below the original monthly high and low that are the same distance apart. Located half way in between the monthly levels, there will be weekly support/resistance levels. None of the values will go below 0. These levels should then be used on lower time-frames for technical analysis.
There is the option to customize the number of monthly wings, the width of the box surrounds the monthly s/r levels, the x-position of the level labels, as well as the colors for everything.
The biggest drawback is that levels will not save in between charts. This is a limitation of Pine Script and how TradingView does not offer the ability to create custom drawing tools, only indicators and strategies. This is why it is recommended to use the price label tool to keep track in between charts for different assets. Regardless, this script should make the process of drawing levels manually far more efficient than it was before.
Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ
This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag.
Common setting options, applied to all components of the study
Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Levels
Depth , affects the minimum number of bars that will be taken into account when building
Historical PitchFan / Fibonacci Levels option will allow plotting of PitchFan / Fibonacci Levels on previous Pivot Highs/Lows
█ PɪᴛᴄʜFᴀɴ — is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence. It is recommended to adjust the Pitchfan plottings to fit after the first wave of the trend has passed and the correction has clearly begun.
PitchFan rays corresponding to Fibonacci levels appear on a chart and represent inclined lines of support and resistance. Price areas near these rays are estimated areas from which the price can turn around or make a significant rebound. The whole logic of working with a pitchfan is based on one simple idea - if the price has bounced off the level, then the correction is likely to end, and the trend will continue. If the price has broken the first resistance, you should wait for the next level test
- Automatically plots PitchFan Rays, based on Pivot Lows/Highs.
- Ability to set ALERTs for each PitchFan Ray Level
- PitchFan Labels displays the price of the line at the last bar, the price value will be recalculated in each new bar
Please check the link provided below with the educational post of how to apply pitchfork, application of pitchfan is same keeping in mind the recommendation stated above
█ Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛs / Exᴛᴇɴꜱɪᴏɴꜱ
Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse.
IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details where to use extensions and where to use retracements
- Automatically plots possible Support and Resistance levels, based on Pivot Lows/Highs.
- Ability to set ALERTs for each Fibonacci Extension/Retracement Level
- Labels displays the level and the level price
█ Zɪɢ Zᴀɢ — The Zig Zag indicator is used to help identify price trends and changes in price trends. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage greater than a Deviation variable. Straight lines are then drawn, connecting these points. The Zig Zag indicator serves base for PitchFan and Fibonacci Retracements / Extensions
█ OTHER
PitchFan is often used in combination with the other indicators and/or drawing tools such as Fibonacci Retracement, Fibonacci Channels, Fibonacci Time Zone and others. It allows identify the most powerful areas from which price can turn and to get more accurate trading signal
Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study
Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study
Fibonacci Extension / Retracement, where to use extensions and where to use retracements and automated fibonacci extension / retracement / pivot points study
Others
Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study
Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
(IK) Grid ScriptThis is my take on a grid trading strategy. From Investopedia:
"Grid trading is most commonly associated with the foreign exchange market. Overall the technique seeks to capitalize on normal price volatility in an asset by placing buy and sell orders at certain regular intervals above and below a predefined base price."
This strategy is best used on sideways markets, without a definitive up or down major trend. Because it doesn't rely on huge vertical movement, this strategy is great for small timeframes. It only goes long. I've set initial_capital to 100 USD. default_qty_value should be your initial capital divided by your amount of grid lines. I'm also assuming a 0.1% commission per trade.
Here's the basic algorithm:
- Create a grid based on an upper-bound (strong resistance) and a lower-bound (strong support)
- Grid lines are spaced evenly between these two bounds. (I recommend anywhere between 5-10 grid lines, but this script lets you use up to 15. More gridlines = more/smaller trades)
- Identify nearest gridline above and below current price (ignoring the very closest grid line)
- If price crosses under a near gridline, buy and recalculate near gridlines
- If price crosses over a near gridline, sell and recalculate near gridlines
- Trades are entered and exited based on a FIFO system. So if price falls 3 grid lines (buy-1, buy-2, buy-3), and subsequently crosses above one grid line, only the first trade will exit (sell-1). If it falls again, it will enter a new trade (buy-4), and if it crosses above again it will sell the original second trade (sell-2). The amount of trades you can be in at once are based on the amount of grid lines you have.
This strategy has no built-in stop loss! This is not a 'set-it-and-forget-it" script. Make sure that price remains within the bounds of your grid. If prices exits above the grid, you're in the money, but you won't be making any more trades. If price exits below the grid, you're 100% staked in whatever you happen to be trading.
This script is more complicated than my last one, but should be more user friendly. Make sure to correctly set your lower-bound and upper-bound based on strong support and resistance (the default values for these are probably going to be meaningless). If you change your "Grid Quantity" (amount of grid lines) make sure to also change your 'Order Size' property under settings for proper test results (or default_qty_value in the strategy() declaration).
Auto Fib Channels by DGTThe Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
This study will automatically place the channels where the levels indicate future areas of support and resistance
For further details please refer to education post
Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy.
█ Study OPTIONS
Auto Fibonacci Channels , the main aim of the study
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Channels on previous pivot high/lows
- Ability to set ALERTs for the Channel Levels
- Channel Labels displays the price of the line at the last bar, the price value will be updated in each new bar
Auto Fib Retracement – This is the build-in study of TradingView, customized to be in-line with Fibonacci Channels
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Retracements on previous pivot high/lows
- Ability to set ALERTs for the Retracement Levels
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Support and Resistance Levels [racer8]One of the oldest concepts in trading. It's here guys. Drum roll please. Support & resistance baby! 🤣
So many requests from so many people asking me to build this. Finally. It is here guys 😀 Support and Resistance is here by racer8!
Indeed, S&R is used by so many traders. It is often one of the first concepts a trader will learn. I myself, can attest to this.
So what is support and resistance? 🤔
Good question, S&R are certain price levels that are created when a peak or trough has formed. Many traders use these peaks/troughs and extend lines out from them to create support & resistance levels.
Support levels are extended out from troughs. Resistance levels from peaks.
It is often believed that price bounces between these levels due to some unknown mysterious force known as supply and demand. 🙀
If you're a reversal trader, your strategy would likely be trying to short whenever price reaches a resistance level and vice versa for support levels.
If you're a trend trader, your strategy would likely be trying to go long whenever price breaks a resistance level and vice versa for support levels.
This Indicator...
Has one setting that controls which levels are formed. Higher settings equals less levels formed, but more important ones. Don't set it too high or too low. There is an optimal setting. Setting it too high will result in very few levels and thus, too little opportunities to trade. Setting it too low means the indicator will give you insignificant levels..also bad idea. So try to find something optimal like 10 to 20 periods for instance. 👍
Enjoy and have a blast!😀
Peace, I'm out! 🙏 💥
Rectangular ATR LevelsHelpful in forming Support resistance Judgements
Rectangular ATR Levels
is calculated using multipliers of the ATR value at the Previous Day's Close and plotting them on current day price movements as levels
Enjoy!
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
Vc trend analysisCan be used to find the direction of a trend
Determination of support and resistance levels
In combination, it can assess the short and long term
Main functions
Trend Short Perspective - Shows the trend at short distances.
Main Market Trend - Reflects the main market trend, can be used as a signal.
Intermediate Moving Average - Typically the last support line in an uptrend
The buyback zone is a basic and strong support level
Swing - displays the long-term direction. Also used as a deeper retracement level
RK's 13 - Moving Average with Fibonacci Lines█ OVERVIEW
After some chart measures, I noticed that if we took the difference between fast and slow Moving Average lines and apply the Fibonacci ratios, we get a very reliable support and resistance level for each bar.
So, I made this script to help me (and anyone who wants to use it) know where we should close or put stops in our orders.
█ HOW TO USE IT:
Choose your preferred Moving Average type and Lengths;
Select the Fibonacci Ratios and test Reverse Lines option to get better levels.
Other useful input options:
Show Labels: Display every Fibonacci Ratio you are using;
Labels Offset Position: Place where the Fibonacci Ratio will appear and get the price in that position;
Project Moving Average Lines in the Future: Draws project Line in the chart.
Tips:
• If you put your mouse in the ratio label, it will show the price in that position
• This script works better when the lines are well apart.
Savanner Level IndexFinds Price Support Based on last 20 Bar Low, 40 Bar low, and 80 Bar low, and calculated using 1x 80 bar low, 0.5x 40 bar low, and 0.2x of the 20 bar low. Feel free to check out the script!
How to use: Add to your chart, drag the indictor to the main chart, then merge both scales on the right!
gold price levels denominated in usd/gramsPlots the gold price (USD) for the quantities (grams) identified as support or resistance in the indicator settings. Default values are:
75 gold grams
300 gold grams
500 gold grams
1000 gold grams
5000 gold grams
More context: The purchasing power of Bitcoin
Cosmic BB SRThis script is based on Bollinger Bands/Bandwidth data and displays support and resistance levels (thick horizontal lines), the direction/volatility of the levels (thin dynamic lines), and the testing of the levels (cross markers).
Resistances v2[UO] - Uncluttered DisplayThis script shows support-and-resistance levels that span months and weeks.
It also shows the levels in the last 100 bars in higher detail. Details detection is only applied to last 100 bars so that your chart is not cluttered with infinite horizontal lines. 100 can be changed in the settings.
For example, here, you see the levels in small time frames at a different detail level:
This script uses the arrays introduced in pine script v4
Intraday Caja de AlfredoThis indicator is not a strategy by itself, and only works intraday.
A box will start to draw an hour after the market open and continue being drawn for the next two hours. This is being done due to the theory of it being the time where small investors and institutions are moving the price with less volatility than the first hour.
Once the Box has been closed support and resistance of the day will be drawn. Price should try remaining between t his two.
There are alerts for the breakthrough of the box to either upside or downside. This should be followed by a corresponding direction candle pattern, in order to expect a higher/lower break.
TREND SNIPER (Final Version)/ This script calculates the daily resistance and support levels. The entry is when the close breaks these levels.
// Then it sets 4 exit lines, if the backtraces these lines you've got your normal exit.
// If the close crosses the TP you've got your TP exit. And if the close crosses the SL you've got your SL exit.
// This is the good part --> If the close crosses the first line the SL get's raised to the entry level.
// This way you cut down on the SL losses and turn a lot of SL trades into (almost) break even trades.
// You can adjust the resistance and support levels to remove the 'little wick entries', this raises the profitability.
// You can also choose the security resolution. I recommend using a higher timeframe than the chart resolution.
// The exit source is also changeable. The HLC3 works best for me, but you can try others if you want.
I could really use some feedback. I want the resistance and support levels to remain on the same position when in trade. But it sometimes changes mid trade.
If you know how to fix this I will be forever grateful. If you have any feedback don't hesitate to give it to me straight. Thanks in advance and have a wonderful day :)
Candle Body SizePlot bar size compare to SMA 50 bars back
1. Big Bar Size can be used as Support resistent level.
2. Working fine for futures market
Borjas Tarh Horizontals S/RBorjas Tarh Horizontals
Automatically Plot Horizontals Support and Resistance.
In the Setting, you should optimize the values according to each time frame of the ticker.
Pivot Length : Number of bars to use to calculate pivot
Max Breaks : Maximum number of times a line can be broken before it's invalidated
Max Distance % : Maximum distance PA can move away from line before it's invalidated
Frontrun/Overshoot Threshold % : If PA reverses within this distance of an existing S&R line, consider it a Frontrun / Overshoot
You can copy it and make it better.
Bollinger Band+ Multi EMA, SMAHello Everyone.
I make Bollinger band , 3 ema and 3 sma combined.
I think this indicator can use all timeframe.
--------------------------------------------------------------
Indicator will show you
1. Trend follow
2. Pullback catch
2. Market bounce.
1. Trend Follow
- Trend Follow for I used 3 terms. They are short, Mid and Long Trend.
2. Pullback Catch
- EMA for Save, take care, alert Zones.
- Mid Term Trend can be catch also.
3. Market Bounce
- Bollinger Band will show you market re-bounce point.
Final Notes
Indicator will show Trend, Pullback, Market bounce and some support and resistant level.
TRY Me - Turkish Lira Quote Currency DivergencesThis is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input.
Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to show you that the quote currency value won't change.
Support and resistance levels are also possible to be drawn.
Options to configure are changing the quote pair, colors, and turning the divergences on or off.
Silen's Pseudo VPVR / Pseudo Volume Profile Custom RangeDisclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.
Core facts:
Creates a pseudo Volume Profile by counting values of candles and sorting them into a Profile.
Works for charts that don't provide any Volume Information.
Can display up to 5 different Value Levels.
Value level colors are (from largest to smallest level): Red, Orange, Yellow, Green, Blue.
The Value levels can be used as Support and Resistance indicators.
The Custom Range of the Volume Profile can be adjusted from 10 to 1500 bars.
Much faster than the other custom pseudo VPVRs out there.
Shortcomings:
As the chart progresses with bars the line positions will distort to the left side. Refreshing the tradingview page or switching to another time interval fixes this. I might fix this issue in the future.
Does not use actual Volume nor display actual Volume.
Note: For those who wondered what happened to my first version of this indicator: It got taken down by Tradingview because it was misleading as to using the words "Volume Profile" and "Visible Range". I fully support their decision and I hope I could clear any misunderstandings! Give their team a heads up for the hard work they're doing in keeping this place clean and well organized!
Enjoy! :)
Moving Average of Upper and Lower Wicks with optional smoothingIn the book, The New Technical Trader by Tushar Chande and Stanley Kroll there is a part that talks about candlestick analysis and how the wicks play a role on how the price will behave. When wick lengths increase then there could be uncertainty. Weakening of support and resistance levels can also be seen by the size of the candlestick wicks or shadows. Shoutouts to Mango2Juice from Tradingview and the The Academy of Forex for helping me out in making this and providing the moving averages function.
When combined with other indicators or strategies, I find that this increases their accuracy when used correctly. For those that believe in price action, this might be worth a try. The book has only a brief section on candlestick wicks but it is one of the most interesting ideas I found. The book likes to include a simple moving average in its indicators with a certain length to provide a smoothing type of effect or a sort of extra indicator for the other to be above to give off quicker signals at the cost of accuracy. For this indicator it acts as a smoothing type effect which I put in because it is hard to see the slope and direction of where the moving averages of the wicks are going. The type of moving averages to use and the correct lengths are questionable and are not explained well in the book. If anyone can figure out a good use for this or know better settings or tips, please let me know.
unRekt - CloseLinedThis script will show the "Fibonacci" Close levels for 9 inputs. Currently set from 8, 13, 21, ..., 377. These lines can then be used for Support and Resistances. Source and Inputs are adjustable.






















