PROTECTED SOURCE SCRIPT

GC Supports & Resistances

By jcolombo551
Updated
The indicator display the supports and resistances available. Breakout also are reported in case that not exists at least three resistances.
Does print lines and labels with each identified data (S, R and BO).

Release Notes
What's new:
4th level of Supports and Resistances is added.
Option of "how many S/R to show".
Option of "Confirmed Breakout" exceeding 3%.
Alerts added for each S/R and Breakout.
Other minimal improvements.
Release Notes
Small last minute fixes
Release Notes
- Does not repaint labels when changing sessions (especially in intraday time periods)
- Labels are located according to the timeframe
Release Notes
Important changes in new version:
S/R now are ponderated by volume involved in each S/R channel. Their power is indicated by the coloration of the labels.
Their lighter colors indicate that are stronger. Conversely, darker ones indicate weaker S/R.
The ponderation weight value prints as "{n}" on the label and indicates how much higher is than the volume MA (default 60).
The pivots rounding was also corrected according to the magnitude of the price.
Release Notes

BO label now indicates in case it is "confirmed" (+ 3%)
breakoutbreakoutzoneHigh-Low IndexPivot PointsresistenceresistenciasoportesrsupportSupport and Resistance
jcolombo551

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