OPEN-SOURCE SCRIPT
Godmode 4.0.2 [Supply/Demand]
First off, a huge thank you to the following people:
LEGION:
LazyBear: tradingview.com/u/LazyBear/
xSilas: tradingview.com/u/xSilas/
Ni6HTH4awK: tradingview.com/u/Ni6HTH4wK/
sco77m4r7and:
SNOW_CITY: tradingview.com/u/SNOW_CITY/
oh92: tradingview.com/u/oh92/
alexgrover: tradingview.com/u/alexgrover/
cI8DH: tradingview.com/u/cI8DH/
DonovanWall: tradingview.com/u/DonovanWall/
shtcoinr: tradingview.com/u/shtcoinr/
This is the third iteration of Godmode. This time I borrowed the method used by shtcoinr to render supply/demand, resistance and support zones. The idea here is to input the appropriate benchmark tickerid to the asset class you're trading and to paint zones according to the price activity of the selected tickerid. This works very well trying to paint meaningful zones against noisy stocks, currencies, commodities etc. Use a correlation coefficient to determine the best benchmark for your asset class.
Want to Learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com/document/d/10t3ZCQAd2dpdTGPYXDKk2hAM_BQ1Zm80tk0VGHViQc4/edit?usp=sharing
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
LEGION:
LazyBear: tradingview.com/u/LazyBear/
xSilas: tradingview.com/u/xSilas/
Ni6HTH4awK: tradingview.com/u/Ni6HTH4wK/
sco77m4r7and:
SNOW_CITY: tradingview.com/u/SNOW_CITY/
oh92: tradingview.com/u/oh92/
alexgrover: tradingview.com/u/alexgrover/
cI8DH: tradingview.com/u/cI8DH/
DonovanWall: tradingview.com/u/DonovanWall/
shtcoinr: tradingview.com/u/shtcoinr/
This is the third iteration of Godmode. This time I borrowed the method used by shtcoinr to render supply/demand, resistance and support zones. The idea here is to input the appropriate benchmark tickerid to the asset class you're trading and to paint zones according to the price activity of the selected tickerid. This works very well trying to paint meaningful zones against noisy stocks, currencies, commodities etc. Use a correlation coefficient to determine the best benchmark for your asset class.
Want to Learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com/document/d/10t3ZCQAd2dpdTGPYXDKk2hAM_BQ1Zm80tk0VGHViQc4/edit?usp=sharing
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.