Uses daily average ranges of 5 and 10 (most used) as buy (support) and highs (resistance) areas - half ranges used in calculations for a more accurate "forecast" of the H and L . Uses open but not close, so it does not repaint - experimental
EXPERIMENTAL: Request for: MarxBabu changed gap detection method. added previous close line
Overlays the Average True Range high/low over Price. Shifts between support and resistance levels (based on ATR-21) according to price trend and breaks. Average true range: en.wikipedia.org @EmpoweredTrader
Moving average of High, Low & Close with Fibonacci bands calculated from the average high and low. Four upper levels are to the power of 1.618, 2.618, 3.618 & 4.618. Four lower levels are to the power of 0.618, 1.618, 2.618 & 3.618. Included are a choice of time frames either current, semi-custom or fully custom allowing freedom to set any period you like which...
Fractal based SR levels: lime and red are hidden levels based on "/\" lows and "\/" highs. green and maroon are based on regular fracals "\/" lows and "/\" highs.
Support and Resistance using donchian channels to validate tops/bottoms (note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel) combo with other systems:
this indicator is for use with the Rejection Spike Strategy I recently publish Have't had chance to test it yet so feel free to try. Details of the strategy are listed in the link below
Use in Trending Markets, Price will pullback into this Zone.
Wave Channel 3D Built by Ricardo idea from JR & Aloakdutt from indieTrades Jan. 2010 This indicator is very easy to build. We utilize Moving Averages with a set multiplier and an offset. Specially we try to use Fibonacci sequence series numbers (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144...) as time space and multiplier (default 89, 8). Also included is Donchian...
Decided to repost to get clean chart up. This gives you lines showing the current years highs and lows along with the previous years high and lows. Requested by "N"
Sorry for the mess above. Not sure how to remove it. It was not what I was looking to post. I added the the clean chart below. This was requested by "N". It displays the current yearly highs and lows along with the previous years highs and lows. Just a nice way to see the support resistance in all time frames.
This will place circles on your chart for the opening daily price. If price is above, the circles are green. If price is below, the circles are red. I wanted to be able to see the opening price a bit easier while in smaller time frames. I decided to add the previous daily closing line to the original script. Basically looking for good support / resistance
Dynamic SUPRES can be interpreted in different ways. Each square marks an area of congestion that could serve as support and resistance. FLASH UPDATE: Now is possible to choose the timeframe and the bars color on/off.
Dynamic SUPRES can be interpreted in different ways. Each square marks an area of congestion that could serve as support and resistance.
This indicator shows the support and resistance levels of four periods. Now you can customize it entirely, defining the periods and what you can show, or not. When a weaker support/resistance is broken you now what is the next support/resistance. The average of support and resistance can be used as an entry point or as a indicator of bear/bull market (when the...
DYNAMIC S&R 2.0 is available: -- This simple script will add in your chart "dynamic support/resistance" and the possible entry point, can be used in any chart and any timeframe. This indicator is not designed to be used as a bot, but only to help your trades :) If you consider this useful, please consider donate:...
DYNAMIC S&R 2.0 is available: -- This simple script will add in your chart "dynamic support/resistance" and the possible entry point. Here is OSOIL Chart: This indicator is not designed to be used as a bot, but only to help your trades :) If you consider this useful, please consider donate: 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf
Updated Indicator - Plots High, Low Open, Close For Weekly, Daily, 4 Hour, 2 Hour, 1 Hour Current and Previous Sessions Levels. Updated Adds 4 Hour, 2 Hour, 1 Hour levels for Forex and Intra-Day Traders.