Usually, Moving Averages (Simple & Exponential) consider "close" of each candle to form a line for a particular period. In this indicator, we have considered all the parameters (Open, Close, Low & High) of each candle to form a Band or a wave which act as a zone to provide support & resistance. It works well on all the time frames. It perfectly works on lower time...
Sup/Res can display up to ten different lines of supports and resistance. It’s super reliable and ultra-customizable. You won’t have to draw them yourself anymore. It’s more accurate and time-saving. Also, the indicator calculates in real-time the distance in % from the market price to the lines. The indicator is perfect if you need to define your price limits...
Hello everyone, I was having some fun with the new gradient function, arrays and pivots. Decided that i would publish my little playground :) This script basically draws lines or zones for detected pivot high and lows and counts the number of candles those levels have been untested. Tested levels will stop at the candle, which breaks them. How does it work? -...
Initial Balance indicator plots the high and low of the first hour of US Futures Market session. Very useful for trading breakouts after market open. Also added range midline and background shading to identify first hour. Times are adjustable. All objects can be modified.
A simple script that allows you to plot 8 different zones of support and resistance. Enter the high and low of a support/resistance zone, and the script will fill the range for easier viewing. Open source and all settings can be customized.
The Dynamic Support And Resistance Indicator was created by Mike Siroky (Stocks and Commodities pgs 14-18) and this is a handy indicator that will show you useful support and resistance levels no matter how the stock is doing right now. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red. Let...
This script will help you to plot support and resistance for the day at the first min of the opening of the market. The accuracy of these levels are more than 96% which means you will know the top and bottom well in advance.
Projected Support And Resistance is a custom indicator of mine loosely based on the work done by Ketan Asher (Stocks and Commodities Bonus Issue 2021 pgs 12-14) and generally speaking this does a pretty good job of telling you what the future behavior of the stock will be. As the lines widen apart, there will be either upward or downward momentum. Buy when the...
The "ORTI Swing High Low / Support Resistance (Static Timeframe Multi-Period)" is based into existing studies that shows support and resistance levels taking as reference the highest and lowest points of certain periods, as a redesigned and recalculated set of the common plotted lenght. The cherry on the top for this version is, when you want to get a...
NVME Support & Resistance is unique compared to other S/R indicators out there because it provides users with automated analysis that can be done within a second and ours generate a highlight block rather than a solid line or dotted line and a highlight block is useful as it covers a bigger range compared to having dots and flat lines. Also, the zones will update...
Lines are Strong Support and resistance , Used to help find buy/sell or take profit zones. When the lines turn green, these prices are suggest good limit entry prices for longs and shorts. Default settings are left for scalping on short timeframes Please note that this is experimental and far from perfect. feel free to play about with the variables in the...
Boxes highlight Strong Support and resistance, Used to help find buy/sell or take profit zones. Please note that this is experimental and far from perfect. feel free to play about with the variables in the settings, I've Found changing the look back length to 500 or 2000 can give very differnt results. feel free to comment any suggestions I hope to update this...
For pivot levels, we use different definitions of the pivot point. In fact, there are three different methods to calculate the reference level using this method. For these pivot points, we set the variable x, the value of which depends on whether the open is higher or lower than the close. If the close is less than the open, x = H + 2L + C. If the close is...
Compressed Volume Levels closely analyzes peak volume along with price action to detect critical levels. The compression levels generated are often an early indication of possible tops, bottoms, or even a future support or resistance levels. Warning: Since this is a volume based indicator results will vary based on the asset and volume of the exchange. The...
Hello All, For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is. How this script works? - it finds and keeps Pivot Points - when it found a new Pivot Point it clears older S/R channels then; - for each pivot point it searches all pivot points in its own channel with dynamic width - while creating the...
This is paid version. If you wanna use free version This show support line, and resistance line. moderately! and beautiful way! also proper trend line . you cannot see source code, but it doesnt have any secret formula. It use just pivot function. ( i just wanna keep my design tech. ) it has 3 type line. 1. horizontal. yellow. default pivot size is 15 2....
I use this indicator to mark levels and mathematically categorize my 15mins chart into smaller trading zones. You can view these as Support and Resistance levels as well, however, the main function is to visually divide the chart on the basis of previous days' price movements. - Levels are calculated based on the Average % Change per Day for the last 5 Days....
This script uses the Traditional Pivot Points but includes the price levels and the 50% line between levels. We added the ability to change the line color of the major levels and the minor levels independently, for better clarity. Added alerts - used code from QuantNomad. Pivot Points description from TradingView default indicator: Pivot Point analysis is a...