The Extrapolated Previous Trend indicator extrapolates the estimated linear trend of the prices within a previous interval to the current interval. Intervals can be user-defined. 🔶 USAGE Returned lines can be used to provide a forecast of trends, assuming trends are persistent in sign and slope. Using them as support/resistance can also be an...
Dynamic Trailing Support & Resistance (DTSR) : Hello Traders !! DTSR is an objective dynamic support and resistance zone channel, Unlike subjective technical analysis DTSR finds S&R zones by calculating a range threshold within a given range over a specified lookback. FIB (Fibonacci) 38.2% and 61.8% retracement zones are also plotted for intermediate zones of...
This Indicator Identifies and draws the support and resistance Zones On the Chart 🔶Overview The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones. The support and resistance indicator is the most...
This script is primarily intended as a scalping tool. The theory of the tool is based on the fact that the price always returns to its mean. Elements used: 1. VWMA as a moving average. VWMA is calculated once based on source close and once based on source open. 2. the bands are not calculated like the Bollinger Band, but only a settlement is calculated for...
Psychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms. Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support,...
First, the credit for the original script to plot a High and Low between a certain time goes to developer paaax. I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day. Published open source like the original. The example shown has: Blue - plotting from the start of...
Autodrawn Support and Resistance Levels is an indicator that helps traders identify key support and resistance levels on a chart. These levels are important because they can help traders make decisions about when to buy or sell an asset. The indicator uses three lookback periods to identify recent highs and lows and then draws lines at the highest support and...
This script analyzes the effectiveness of support and resistance (S&R) levels by examining their impact on price action. It measures the compression or reversion of price action around these levels to determine their overall performance. To use the script, simply copy and paste the Moving Average (MA) or desired level script that you want to test. The results...
Multi-Timeframe High Low Levels (@JP7FX) This Price Action indicator displays high and low levels from a selected timeframe on your current chart. These levels COULD represent areas of potential liquidity, providing key price points where traders can target entries, reversals, or continuation trades. Key Features: Display high and low levels from a...
Plots support/resistance lines based on a neutral signal (white portion) of the Rail Line (variable moving average) for a period of time designated by the user (defaults to 9 bars). Support/Resistance lines will be removed after a period of tests and can be determined by the user (defaults to 26). Support/Resistance is deemed not as important or strong after...
Here it is, the Gann Square of 9. An easy-to-use tool to determine possible support and resistance levels. Input a starting value to be the starting point of the square. Then the increasing value will be used to get the value of each cell on the table. It's possible to show the diagonals and a spot number to see what cell value the current price is close to. The...
Support & Resistance drawn based on overbought & oversold RSI . where the overbought acts as resistance and oversold acts as support. It has 2 levels (for support and resistance - i call them level_n_high or level_n_low) for each lookback period. it checks the highest pivot and the lowest pivot based on the lookback period then we compare if rsi is higher than...
Relative Price Volume is an indicator which shows anomalies between price and volume on a chart over a given period. The goal is to identify potential reversal and/consolidation areas for price as it relates to volume. It is a simple variation of a Volume at Price indicators. It can also be used to mark potential support and resistance lines on the chart as...
Description: This dynamic linear regression oscillator visualizes the general price trend of specific ranges in the chart based on the linear regression calculation, it automatically determines these ranges with pivot detection. The central line of the indicator is the baseline of the linear regression itself. This is a good tool to use to determine when a price...
This script is a modification from the awesome "Support Resistance - Dynamic v2" by @LonesomeTheBlue This script is very similar to the original indicator mentioned above, but with a modification that, in my opinion, would be very useful for many traders. It enables the option to choose different timeframe to calculate the S/R levels. Very often, traders would...
About Automatic level of support and resistance ( SnR ) in the chart. It helps users to decide where is the level of SnR and also optimize the level by changing the input base on their needs Input: Pivot - The number of bars left and right side of the pivot to choose how detailed the SnR level Type - To draw the line on the candle wick endpoints or...
█ Support & Resistance Trendlines with Pivot Points + Fibonacci Channel This script automatically draw support and resistance trend lines based on pivot points and add a fibonacci channel. It will show potential patterns with the help of support and resistance lines as well as breakout target and pullback entry with the fibonacci extension and retracement...
Hello Traders, I would like to introduce you pivot semaphore mtf support&resistance levels. The idea is the same as my other S/R scripts to have a look at the important levels. The Semaphore is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones. The script is based on amazing work of @LucF so...