Hi, This is a multiband indicator that shows you liquid support and resistance ranges based on growing offsets and growing ATR channels. In the end, when setup well, you can make, based on historical observations, estimates of how traders will react, maybe identical again. How to use: Setup: Activate the two checkboxes for centerline and All_Lines Start with...
Hi Traders! The Support & Resistance PRO A simple and effective indicator that helped me a bunch! This indicator will chart simple support and resistance zones on 2 time frames of your choice. It uses a 30 day lookback period and will find the last high and low. Each zone is built from the highest/lowest closure, and the highest/lowest wick, creating a liquid...
Using Maps collections: This code manipulates support and resistance lines using maps collection. We normally maintain array/udt of lines and related properties to segregate lines as support and or resistance. With introduction of maps the same can be achieved without creating lines array/udt. What does this code do: 1. Plot support and resistance lines based...
Support and Resistance Levels and Zones Indicator is an enhanced support and resistance indicator in that typical support and resistance levels are crucial concepts in technical analysis representing price levels where selling or buying momentum tends to halt, typically leading to a price reversal. The Support and Resistance Levels and Zones Indicator goes beyond...
Mxwll MTF S/R: The Mxwll MTF Support & Resistance indicator is designed to identify crucial support and resistance levels across multiple timeframes. By considering various timeframes, this indicator provides a more comprehensive view of the market's underlying structure. It allows traders to extend lines in various configurations and covers timeframes ranging...
The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart. Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots. 🔶 USAGE The Master...
SRTL - Support Resistance and Trend Line with Double EMA and TRAMA The SRTL indicator is a powerful tool for technical analysis that seamlessly integrates support and resistance levels, trend lines, and moving average signals. It offers traders a comprehensive view of the market's dynamics, making it a valuable addition to any trading toolkit. Here's a concise...
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...