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Support and Resistance

MESA Adaptive Moving Average - Improved MTFThis indicator is a huge upgrade to my original MTF MESA Plots are now extremely smooth and accurate on all timeframes ** Missing data points are automatically filled with the "best fit" This is a Trend indicator and should be used to trade "top-down" aka: Start with the Daily chart to confirm a trend Move to 4H 2H Etc... Use your favorite entry method or simply watch for wicks forming when the price gets near the MESA adaptive moving average. This is one of the few indicators that I've been using for years with success. Being able to plot both the current & higher timeframe MESA can sometimes feel like cheating. Due to the nature of the recursive calculation, you may notice slight differences between this version of MESA and others that either approximate higher timeframes with fewer samples or make use of the latest "Resolution" argument in Pinescript V4. Both of which are fine, until you start looking at M5 charts while plotting the Daily MESA. As always, happy trading! ** Currently supports M 1,3,5,15,30,45 H 1,2,3,4 Day 1 Week 1 Month 1
Pine Script™ indicator
by DasanC
7
Resistances and supports based on simplified Volume ProfileThis study tries to highlight support and resistances as they are defined by TradingLatino TradingView user His definition is based on volume peaks on the official TradingView Volume Profile indicator that seem rather big on size. As a bonus it also serves as a rather simple volume profile indicator. As you can see it only show last blocks volume profile. It's aimed at BTCUSDT pair and 4h timeframe. HOW IT WORKS HOW IT WORKS - Recent Profile Block It gathers volume from the last 100 Bars in order to draw the recent profile block Volume that intersects with current level range being studied is added to its value. Additionally the current level price is modified so that it matches the level price where most of the volume has concentrated So you get a pretty accurate way of the volume while at the same time the level are not stuck to arbitrary level prices. HOW IT WORKS - Resistances and Supports It calculates the level which its price it's nearer (from below) to the current price level Resistance is found steping up (from current prive level) level by level till you find a level which its value is higher than the previous level value. Support is found steping down (from current prive level) level by level till you find a level which its value is higher than the previous level value. That way you ignore rather small resistances and support values. Finally the resistances and supports are drawn next to the recent profile block so that you can look at them with ease. If you hover over the label you can double check if you are looking at current price, resistance or support levels. SETTINGS Bars in recent profile block : How many previous period volumes are used to calculate the recent profile block Row width multiplier : Adjust how big the recent profile block seems to be Resistances prices number of decimal digits : How many digits is shown at the resistance and support level prices. WARNING Please be aware that depending on your security and timeframe you might need to modify the 'Bars in recent profile block' setting so that the study does not timeout. USAGE If your strategy calculates take profit limits on higher resistances based on volume you could use this indicator resistance detector FEEDBACK 1 This is my first volume indicator. I suppose that each trader has his own approach on defining resistances and supports. I'm interested on knowing if the default way this resistances and supports are calculated matches what other traders would have highlighted manually on the chart. FEEDBACK 2 I have only used this identifier in BTCUSDT 4h timeframe. I'm interested to know what needs to be tweaked in other securities and timeframes. PINE STUDY TRICK This study let's you choose the number of decimals the label will use. CREDITS I have reused and adapted some code from 'Poor man's volume profile' study which it's from TradingView IldarAkhmetgaleev user. I also wanted to thank him for helping me understanding his study.
Pine Script™ indicator
by ruckard
42
True Strong Classical Support/Resistance LevelsThis script is based on the approach of filtering signals by checking higher timeframes. So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current. Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I hope they fix them up soon! I'm looking for any opinion about the idea and if you like any of my scripts, anything you send means a lot to me. This script is published for the third time because of some moderators absurd behavior. But thank heavens, the code is now more clean and of course the option "Strength Of Levels" accepts float numbers.
Pine Script™ indicator
by informanerd
11
SW System - EMAs - Pivots v2//========================================================= // Indicator Name: SW System - Traditional Pivots and MA cross alerts - Plus Psychological Sup/Res // Type: Main panel // Version: 2 // Description: MA cross alerts - Plus Psychological Sup/Res // Traditional Pivots in any time frame // Author: Sergio Waldoke (Argentina) // First Release: June 23rd, 2019 // Last Release: June 27 th, 2020 // // This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © galileogalilei1 (Sergio Waldoke) //========================================================== Set of tendence and Support/Resistance with Pivots and psychological S/R in main prices. Four moving averages are provide which may be chosen between EMA or simple Moving Average. Some alerts in crosses are provide. Enjoy!
Pine Script™ indicator
by galileogalilei1
[LunaOwl] Support Resistance Strategy V4作品: 支撐壓力策略 A simple Support Resistance Breakthrough Strategy, the only difference is that it is PineScript @version=4. interested parties can use it as a reference. Its logic is simple, wish your all the best. 一個簡單的支撐阻力突破策略，唯一的差異，在於它是PineScript第四版。有興趣的可以拿來當作參考，簡易的指標。祝你們順心。 Support level refers to the support price that the exchange rate may encounter when it falls, so as to stop falling and stabilize the price. The corresponding concept is the resistance level, that is, the pressure that the exchange rate may encounter when it rises, thus reversing to a falling price. 支撐位是指匯價在下跌時可能遇到的支撐價格，從而止跌回穩的價格，對應的概念是阻力位，也即匯價上漲時可能遇到的壓力，從而反轉為下跌的價格。
Pine Script™ strategy
by LunaOwl
13
Classical Supports & ResistancesThis indicator shows classical resistance and support levels which retraced the chart lately. Notice that the condensed lines laying close together are showing an area of support and/or resistance. But after all, it was a tedious work creating this indicator because like I've already said, pine script is a very odd and weak language which does not have many ordinary features like useful loops, simple line drawing and even reasonable variable casting! So I was forced to use its built-in pivothigh() and pivotlow() functions without any handy documentation. I assume that even these functions don't work as expected, and because of that, I embedded "Sensitivity" and "Lookback Time" options in the indicator as a workaround. Feel free to use it and send me your comments/solutions.
Pine Script™ indicator
by informanerd
2
Support Resistance MTFHello Traders, This is Support Resistance script that uses Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does NOT use Security function , instead it calculates them. while choosing Higher Time Frame, you can use "Auto" option so it uses predefined Higher Time Frames, or you can choose the Higher Time Frame Manually from the list. options for HTF => 15mins, 30mins, 60mins, 120mins, 180mins, 240mins, 720mins, Day, Week, 2 Weeks, Months, 3 Months, 6 Months, 12 Months. You have option to use High/Low or Close/Open values while calculating support resistance levels. "Period for Highest/Lowest Bars" option is used as loopback period to check if it's Highest/lowest bars. smaller numbers = more sensitive result. You have option for transparency and coloring of support/resistance levels/zone => Red, Lime, Blue, White, Black, Olive, Gray An example for 15 min chart, 4hours selected as HTF You can set transparency and colors as you wish: You can choose Close/Open prices while calculating S/R levels instead of High/Low Enjoy!
Editors' picks
Pine Script™ indicator
by LonesomeTheBlue
105
[PX] Session LevelHello guys, this scripts prints the high and low as well as the moving average of a user-defined session. How does it work? Basically, as soon as we are in the session range, the indicator will constantly keep track of the high and the low of this range. It also prints the moving average, which can either be a floating or a static line, that represents the latest MA value. The indicator comes with multiple options to style the printed lines. If you find this indicator useful, please leave a "like" and hit that "follow" button :) Have fun and happy trading :))) P.S: Check my signature if you want to get in touch with me.
Pine Script™ indicator
by paaax
5
Pivot LinesThis indicator provides possible short, medium, and long-term support and resistance levels based on recent highs and lows. The furthest the level is, the thicker its line is, making it easy to spot stronger levels where 2 lines overlap. It can be configured to use open/close values instead of high/low for tighter levels. Default settings: - Short Period: 20 - Medium Period: 50 - Long Period: 100 This script also provides alerts for when the price crosses over/under a given level or pulls back. Note: It sometimes displays supports above the price and resistances below it, I still have to figure out why (and fix it if possible), but it's still useful.
Pine Script™ indicator
by mdeous
1
Rational MTF Auto - Fibonacci Retracement Levels Hello, this script automatically draws rational Support - Resistance Levels as multi time frame. (MTF) In this way, we see reasonable levels ahead of us. As of the date of birth: The first year after Lehmann Brother's fall was determined after January 1, 2009. One feature of this script (which I deliberately left this way) : If the security and support-resistance levels are equal, it will show you NA value and say wait. Because it is based on a weekly basis for region selection, I think that it should enter a region and support-resistance levels should be drawn accordingly. That's why I left it this way. NOTE : This script was inspired by the following publication : Regards.
Pine Script™ indicator
by Noldo
6