Support and Resistance MTF levels [SHK]A new way of drawing multi timeframe support and resistance !
This tool doesn't get the last high and lows, otherwise it tries to detect highly liquid levels with pending orders .
Share your opinion and result.
Enjoy!
Resistence
(MTF) Bollinger Bands + RE RSIs + Hidden Supports & ResistancesI merged some of my previous written indicators, because a combination of multi-timeframe Bollinger Bands, RE RSI and Resistance/Support levels could help a lot.
Don't forget to add my other useful indicator (Classical SnR) to the chart to maximize your profit!
Hidden Supports & Resistances + Round LevelsIf you search the internet, you won't find much about these types of resistance and support levels. Hidden levels are SnR levels calculated based on some psychological patterns and sometimes it's unbelievable that the chart responds to these levels.
So use the indicator and check the idea.
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.
Black Hawk Trend 3The Black Hawk Trend indicator uses data from sources (such as EMAs, RSI, Stochs) to derive a trend direction. This indicator contains a pivot line that turns green when there is a buy position (lower bar) and it turns red when there is an active sell position (upper bar).
When there is a buy/sell signal, this does not mean buy immediately at this point, but rather look for a potential entry.
This indicator has the ability to treat buy and sells separately (Default: 2 account method) or it can use them in tandem (1 account method).
There is a toggle in the settings to modify the code for Bitcoin vs Forex (& Stocks).
When there is a strong trend, a red/green “+” sign shows up; this typically means take caution when trying to take a position countertrend.
There are also red/green triangles that signify a potential area to add to a position.
#Disclaimer:
1. I am not a financial advisor.
2. I do not guarantee this script will provide consistent profits or that anyone can make money with it.
Use the link below to obtain access to this indicator.
Pixiu AI - Support and ResistanceSupport and Resistance prices are the previous points of highs and lows in the price. The market tends to stick around in price regions and directional trends. Using these price points one can wait and take the following decisions:
- when the price reaches the support point, they can take a long position if they observe the price staying in the price range and make profits from till it gains back up to the resistance point. (and vice-versa)
- when the price breaks the support/resistance (S&R) points and continues in that direction in addition to high volumes supporting it, people can take a bullish trade
- when the price breaks the S&R point, traders can wait for the price to return to the S&R point to make a final decision of whether it wants to go up or not. A price tested strategy is considered stronger than just price breaks
We at The Pixiu want to help you in your daily trade, and therefore we present you an auto Support and Resistance indicator that also highlights the points of crossovers to the users in the live market. Use this for assistance while trading and share your feedback with us.
There are 3 parameters for the indicator:
- Short-range S&R
- Mid-range S&R
- Identify the point of S&R testing (when price crosses over and returns back in the range)
Session S/RThis indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
Donchian Channels with Auto Fibonacci RetracementRichard Donchian created Donchian Channels, which is a type of moving average indicator and a look-alike of other support and resistance trading indicators like Bollinger Bands.
Donchian Channels has a simple plotting of highest high and lowest low of the last “n” periods.
The “n” periods is based on the trader’s choice, who can select the period according to their requirements ranging from a day, hour and minutes etc.
Traders use Donchian Channels to understand the support and resistance levels.
Donchian Channels is a popular indicator for determining volatility in market prices.
The channels are wider when there are heavy price fluctuations and narrow when prices are relatively flat.
Generally, investors use 20-periods with the Donchian Channels as the default trading setting, but this value can be tweaked based on your trading style.
Donchian channels are mainly used to identify the breakout of a stock or any traded entity enabling traders to take either long or short positions.
Traders can take a long position, if the stock is trading higher than the Donchian channels “n” period and book their profits/short the stock if it is trading below the DC channels “n” period.
The middle band is the average of the upper and lower bands.
The middle band in Donchian channels could also be used as a breakout indicator.
If the stock rises above the middle band of the Donchian channels, then you can open a long position.
On the contrary, if the stock is trading below the middle band of the Donchian channel, then a trader can open a short position.
Combining Donchian Channel trading strategies with other trading strategies might decrease the false entry/exit signals and give a clearer picture of trading opportunities.
If you start to trade a choppy market on an intraday basis, you will be overloaded with false signals.
So, what I noticed is that in order for things to become clearer, we just need to increase the time frame.
Where Donchian Channels Can Fail You
It’s likely not the indicator but more likely our misinterpretation of the signals.
Few areas where the Donchian channel may be tough to read.
Low float stocks are not bound by any indicator, especially Donchian channels.
The challenge with the Donchian channels is that it does not factor in the most recent market volatility.
The indicators provide an equal weighting to all data points.
Therefore when a low float stock picks up and goes on a run, the lower bounds not capture the price movements quickly enough, thus risking giving back more profits than necessary.
Phicube EMASAR ( EMA Support and Resistance )Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here.
Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ).
When the fractals are aligned to become support,
we will have the EMA in the graph with a bright color.
When the fractals are aligned to become resistance, we will have EMA in the graph with a matte color.
Available exponential moving averages: 17,34,72,144,305,610,1292 and 2584
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Indicador baseado no Conceito criado pelo Bo Williams. Mas diferente do original que utiliza MIMAs, aqui é utilizado EMAs.
As médias móveis exponenciais serão mostradas de acordo com o alinhamento dos fractais, com objetivo de mostrar os níveis importantes
de suporte e resistência( SAR ).
Quando estiver com os fractais alinhados virando suporte, teremos no gráfico a EMA com uma cor em tom brilhante.
Quando estiver com os fractais alinhados virando resistência, teremos no gráfico a EMA com uma cor em tom fosco.
Médias móveis exponenciais disponíveis: 17,34,72,144,305,610,1292 e 2584
GC Supports & ResistancesThe 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).
™TradeChartist Levels Generator V4"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals.
What does the script do?
Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings.
Plots Fibonacci retracement levels between high and low based on 'Days' or 'Candles' lookback from indicator settings.
The script proves to be very effective when used with another indicator for trend confirmation like the ribbon (not included in this script) shown on chart.
What markets can this script be used on?
Forex
Stocks
Commodities
Cryptocurrencies
and almost any asset on Trading View
What is the difference between "Plot Levels" and "Plot Fibonacci Levels"?
"Plot Levels" plots support and resistance levels automatically without any input from the user other than preferred levels 'plot' from the indicator settings namely
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels for mostly higher time frames (1hr or higher) - Short to Mid term outlook
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases) -
Recommended for Scalping/Swing Trading mostly dependent on volatility
"Plot Fibonacci Levels" plots all standard Fibonacci retracement levels - 0, 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100% based on
"Days" Lookback - Fibonacci levels between High and Low based on number of days in the past, starting from the current day on any time frame chart
"Candles" Lookback - Fibonacci levels between High and Low based on number of candles in the past, starting from the current candle on any time frame chart
Can the Fibonacci levels be reversed?
Yes. The Fibonacci levels can be reversed by checking the "Reverse" checkbox from the indicator settings. This is very handy if the trend looks like there may be a support or resistance from one of the Fib levels and a possibility of a new high or a new low based on the price action.
What is the need for "Plot 1.272 Fibonacci Level" under "Plot Fibonacci Levels"?
1.272 is an important Fibonacci number as it is the square root of 1.618 and is the near support or resistance after 100% price retracement. Even though it keeps moving on the chart dependent on the new high or new low based on Days/Candles lookback, it serves as a 'nice to have' reference for any trader looking beyond 100% retracement for support/resistance .
Why do the 'local levels' lines' color changes between green and red?
The nearby levels lines change color based on price closing above or below them. This happens to only closest local levels for lower TF near price action and for top/bottom lines of the local levels for higher TF.
The line turns green when it becomes support as price closes above it.
The line turns red when it becomes resistance as price closes below it.
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script.
[VIP] Multi Timeframe Pivot Support Resistance (MTPSR)MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting.
The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting.
MTPSR has 2 additional boards with BitMex Long and Short Liquidation algorithm, this logic can be used for any ticker especially if you want to have tight control with margin liquidation.
MTPSR provides KDJ charts in cross timeframes with the last 3 candles for every board. The default does not appear, but you can enable it on indicator setting. If Greenline crossover Redline, that is a good position to the long or indicating uptrend. But if Greenline crossunder Redline, that is good position to the short or indicating downtrend.
MTPSR has DI/ADX for every board, DI is a difference between DI+ and DI-, if the value is negative means downtrend, if the value is positive means uptrend.
HOW TO USE
Long Trading
The Support will be a good position to entry
The Resistance will be a good position to take profit
If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening.
Short Trading
The Support will be a good position to take profit
The Resistance will be a good position to entry
If in lower time frames, the candle keeps cross over the resistances, that means uptrend rally is happening, it is not good for short
Scalping Advice
If you scalp in day trading, it is recommended to watch Pivot/Support/Resistance on Timeframes 1D, 4D, and 1W
If the chart is sideways on the 1D pivot and the direction from support to pivot, that means the market wants to have a correction to closer support
If the chart is sideways on the 1D pivot and the direction from resistance to pivot, that means the market wants to have retest to closer resistance before another drop or breakout to continue the rally
Use can scalp on TF 15m or TF30m, the Pivot/Support/Resistance in lower timeframes can be so dynamic, so you have to pay more attention on trading strategy, you can use 2H and 4H Pivot/Support/Resistance as the target
You can also use Liquidation Long/Short boards for scalping trading strategy to take profit or cut lost
ALERTS
Every pivot board has alert which condition: if candle cross over or under support, resistance or pivot even KDJ cross over or under
Every liquidation board has alert which condition: if candle cross over or under every margin level
Example alert title for every board when candle cross over: Over Support TF 1, Over Resistance TF 1, Over Pivot TF 1, KDJ Up TF1
Example alert title for every board when candle cross under: Under Support TF 1, Under Resistance TF 1, Under Pivot TF 1, KDJ Down TF1
Feedback
Please drop a comment or send a direct message for any bugs or request new feature
I dont sell source codes, please not DM me about it
Pivot Points Daily and WeeklyThis will let trader see Daily and Weekly Pivot points with R/S5.
Daily Pivot point line --> Orange Color
Daily R1-5 ---> Black circles
Daily S1-5 ---> Black circles
Weekly Pivot lines ---> Purple Color
Weekly R1-5 ---> Red Circles
Weekly S1-5 ---> Red Circles
bg_FibCastVersion 1.0
A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels.
In The Depicted Example Above:
- Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in "Zone 4" of the 377 1D Fib. Re-trace. (Zone 4 is between the 0.5 and 0.618, Zone 3 is between 0.618 and 0.786, etc.)
- Optional 1.618 Fib Extension is available for the main Fibonacci indicator, but is not shown here (Disabled/Hidden).
- Supports multiple time-frames, which is also depicted above. (377 Daily Candles used on 12-Hour chart.)
Fibonacci BandsFibonacci Bands are derived from Fibonacci ratios expansion from a fixed moving average.
These bands help traders find key areas of support and resistance . "Fibonacci bands" are
computed by adding a Fibonacci ratio distance (Up and Down) from a "key moving" average
(21, 34, 89 periods). An 8 period average of "True range" is computed. The multiples of
Fibonacci ratios of this range are added to the fixed moving average to compute Fibonacci
Bands
One of the best ways to find trend reversals is to watch the price action near the extreme bands
(both lower and higher). Markets tend to reverse when prices trade outside of the band for a
few bars and again trade inside the bands. After reversals, markets also tend to trade from one
extreme band to the other end (opposite) of the extreme bands.
Gap Automatic Retrocess LevelsThis Script detects Bearish / Bullish GAP at market opening 09:30 am NY and automatically traces backward levels, of which 2 are configurable at your discretion.
Pivots With CPR,Moving Average and VWAP - by AnanthThis indicator is a combination of Pivot points with CPR, Moving Average and VWAP.
Daily Progressive Donchian ChannelsThis is the first script that I publish.
His main goal is to help identify the extreme of the day and to compare the VWAP with the average DPDC to find meaningful resistance and support.
Swing Trade Pros - Support/Resistance LevelsThe STP Support/Resistance Levels accurately detect the key levels by identifying large swings/pivots in historical price action automatically. It identifies price levels where historically the price reacted by either bouncing or reversing the direction. Prior price behavior at these levels can leave clues for future price behavior. These tops and bottoms in price action show where lots of buyers or sellers came into the market and might act as future levels of support or resistance. By default, the code detects the last 3 significant swing highs and the last 3 swing lows. When price action breaks above the resistance line the color changes to green because it's now support. Likewise, when the price action breaks below the support line the color changes to red because it's now resistance.
Opening Range Breakout- ORB Large Price Targets
During this period, you want to identify the high and low of the day. In addition, you will also want to account for the pre-market highs and lows, as these levels will often act like a magnet on price action after the bell rings.
Since the opening bell is associated with big trading volumes and volatility , this time of the session provides many trading opportunities. In this manner, traders use the opening range to set entry points on the chart and to forecast the price action for the day.
Add on to the ORB Script for Higher Price Targets 700% to 1061%
Opening Range Breakout- ORB Higher Price Targets
The opening range is simply the high and low of a given period after the market opens. This period is generally the first 30 minutes or the first hour of trading.
During this period, you want to identify the high and low of the day. In addition, you will also want to account for the pre-market highs and lows, as these levels will often act like a magnet on price action after the bell rings.
Since the opening bell is associated with big trading volumes and volatility , this time of the session provides many trading opportunities. In this manner, traders use the opening range to set entry points on the chart and to forecast the price action for the day.
Add on to the ORB Script for Higher Price Targets 300% to 661%
