Projected Support And Resistance [CC]Projected Support And Resistance is a custom indicator of mine loosely based on the work done by Ketan Asher (Stocks and Commodities Bonus Issue 2021 pgs 12-14) and generally speaking this does a pretty good job of telling you what the future behavior of the stock will be. As the lines widen apart, there will be either upward or downward momentum. Buy when the line turns green and sell when it turns red.
Let me know what other indicators you would like to see me publish!
Support
ORTI Swing High Low / Support Resistance (Static TFM)The "ORTI Swing High Low / Support Resistance (Static Timeframe Multi-Period)" is based into existing studies that shows support and resistance levels taking as reference the highest and lowest points of certain periods, as a redesigned and recalculated set of the common plotted lenght.
The cherry on the top for this version is, when you want to get a predetermined count in (ranges) units of time, as: minutes, hours or days, in any a intraday graph you could get a static lenght, and this count will be automatically respected. For example, an average could be configured to know a high or low levels per hour, day, week or month ... or whatever comes to mind, and at every single chart that you move through (5m, 15m, 1h, 4h, etc), you will see the same lenght to make your own "support and resistance analysis" into a micro / macro market view.
Remember that part of analyzing chart patterns, the support and resistance levels are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
With the new features, you will get a little help to identify in your technical analysis some signals to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Support and resistance areas can be identified on your charts using this indicator.
For more technical information look at Investopedia.
Note: The previous calculation example is not the default, the parameters can be adjusted according to the criteria of the merchant.
NVME Support & ResistanceNVME Support & Resistance is unique compared to other S/R indicators out there because it provides users with automated analysis that can be done within a second and ours generate a highlight block rather than a solid line or dotted line and a highlight block is useful as it covers a bigger range compared to having dots and flat lines. Also, the zones will update corresponding to its lookback period, so if a new support or resistance is found then the block will move until that area is confirmed.
Best with higher timeframes!
This comes with all NVME scripts!
Order Blocks V2 [MensaTrader]Lines are Strong Support and resistance , Used to help find buy/sell or take profit zones.
When the lines turn green, these prices are suggest good limit entry prices for longs and shorts.
Default settings are left for scalping on short timeframes
Please note that this is experimental and far from perfect. feel free to play about with the variables in the settings.
feel free to comment any suggestions I hope to update this in the near future
The script is written in version 4
Experimental Order Blocks [MensaTrader]Boxes highlight Strong Support and resistance, Used to help find buy/sell or take profit zones.
Please note that this is experimental and far from perfect. feel free to play about with the variables in the settings, I've Found changing the look back length to 500 or 2000 can give very differnt results.
feel free to comment any suggestions I hope to update this in the near future
The script is written in version 4
Pivot Points by stelmaxFor pivot levels, we use different definitions of the pivot point. In fact, there are three different methods to calculate the reference level using this method.
For these pivot points, we set the variable x, the value of which depends on whether the open is higher or lower than the close.
If the close is less than the open, x = H + 2L + C.
If the close is higher than the open, x = 2H + L + C.
When open equals close, x = H + L + 2C
This final value will be one of the most commonly used designs. This is because, as FX is a 24 hour market, the open is almost always equal to the close.
If you look at the daily chart throughout the week, the close and the open are really just names. This is in contrast to the stock market, where the open and close are very different things, separated by time and price.
Once we have the pivot point and the x-value, we use it to compute the pivot point of the base P.
P = x / 4
Support and resistance levels are also calculated from x (pivot points do not use more than one support and resistance level).
S₁ = x / 2 - H
S₂ = x / 2 - L
Thus, we have seen how to calculate different types of Pivot Points indicator. But how can we now use them in our trade?
First, we can use our anchor point to define the general direction. - If the existing market price is above the key PP level, it suggests a bullish trend.
- If the market is below the key PP level, it suggests a bearish trend.
Pivot levels are set according to the value of the previous trading day.
+ If the price is below the PP pivot level - priority is given to sell deals, if higher - to purchases
+ Confirmatory signals can be candlestick patterns and the Stochastic indicator
+ The SL level can be set either for a signal candle or for the nearest level
+ Target - movement to the nearest support / resistance level
Keep in mind that the Pivot Level Indicator is not a complete trading system!
Remember that there are no indicators in trading that do not make mistakes, Pivot Points, like any others, require confirmation of their signals. When building your own trading system, use several indicators.
Observe Money Management. Never risk more than 2 percent of your capital in one trade. This approach will protect you from ruin and will allow you to consistently make money on Forex using the Pivot Point.
Be clear about your trading strategy. If, according to the pivot point strategy, you need to open a deal - open, if you fix the result - fix it, and it doesn't matter if you are in the black or not. Only following the rules of Pivot Points "from and to" will allow you to earn.
Compressed Volume Levels [DepthHouse]Compressed Volume Levels closely analyzes peak volume along with price action to detect critical levels.
The compression levels generated are often an early indication of possible tops, bottoms, or even a future support or resistance levels.
Warning: Since this is a volume based indicator results will vary based on the asset and volume of the exchange.
The factor & lookback at which it detects these levels can be set by the user. The lower the factor the more levels that will generate.
Built in Alerts (must be set up by user):
Verified Support and Resistance once a level is confirmed.
Upward and Downwards Compression alerts; earliest signal possible for major volume coming in.
To gain access to this indicator please follow the link below.
Feel free to message me with any questions directly here on TradingView.
Support Resistance ChannelsHello All,
For Long time I was planning to make Support/Resistance Channels script, finally I had time and here it is.
How this script works?
- it finds and keeps Pivot Points
- when it found a new Pivot Point it clears older S/R channels then;
- for each pivot point it searches all pivot points in its own channel with dynamic width
- while creating the S/R channel it calculates its strength
- then sorts all S/R channels by strength
- it shows the strongest S/R channels, before doing this it checks old location in the list and adjust them for better visibility
- if any S/R channel was broken on last move then it gives alert and put shape below/above the candle
- The colors of the S/R channels are adjusted automatically
You can set/change following settings:
- Pivot Period
- Source : High/Low or Close/Open can be used
- Maximum Channel Width %: this is the maximum channel width rate, this is calculated using Highest/Lowest levels in last 300 bars
- Number of S/R to show : this is the number of Strongest S/R to show
- Loopback Period: While calculating S/R levels it checks Pivot Points in LoopBack Period
- Show S/R on last # Bars: To see S/R levels only on last N bars
- Start Date: the script starts calculating Pivot Point from this date, the reason I put this option is for visuality. Explained below
- You can set colors/transparency
- and You can enable/disable shapes for broken S/R levels
Examples:
You can change colors as you wish:
here " Show S/R on last # Bars " set 100:
Sometimes visuality may corrupt because of old S/R levels, to solve it you need to set "Start Date" in the options to start the script in visual part (last 292 bars)
here in first screenshot it doesn't look good (shrink), then on second screenshot I set the "Start Date" it looks better, if you change time frame don't forget to set it again :)
Enjoy!
Auto Support Resistance [WS]This is paid version.
If you wanna use free version
This show support line, and resistance line.
moderately! and beautiful way!
also proper trend line .
you cannot see source code, but it doesnt have any secret formula.
It use just pivot function.
( i just wanna keep my design tech. )
it has 3 type line.
1. horizontal. yellow. default pivot size is 15
2. connection of top(peak, blue). pivot size 10
3. connection of bottom(green). pivot size 10
you can change pivot size.
it has one speical option about volume .
if the bottom has too small volume , it cannot be starting point.
if you want every bottom can be starting point, you can turn off the option.
each point has name like H6, G8.
this name help you to talk with someone about the point, sharing the infomation.
that name is base on the time of candle (it mean it is not randome). so in your friend chart(screen), the point has same name.
=========================================
한글 설명.
이 지표는 유료버전입니다.
무료버전은 위의 그림을 누르시면 됩니다.
아름답게 절제된, 그리고 적절한 추세선들을 자동으로 보여줍니다!!!
소스코드를 볼 수 없지만, 추세선을 결정하는 비밀 수식 같은 것은 없습니다.
오직 pivot피봇 함수만을 사용하여 고점과 저점을 찾고 있습니다.
선은 3가지가 있습니다.
1. 고점을 연결한 선. 파란색. 기본 피봇 10
2. 저점을 연결한 선. 녹색. 피봇 10
3. 고점 또는 저점의 수평선. 노란색. 피봇 15
특별한 기능이 하나 있는데, 볼륨이 낮은 저점은 녹색선의 시작점이 되지 못하게 하는 기능입니다.
이 기능은 옵션에서 끄거나, 정도를 조절할 수 있습니다.
각 고점 저점은 H4, G8 같은 이름을 가지고 있습니다.
이 이름은 여러분이 차트분석을 올리거나 친구와 차트에 대해 대화를 나눌 때 유용하게 쓰일 수 있습니다.
이 이름은 캔들의 시간값을 이용하며 (무작위로 지어진게 아니라는 의미), 그래서 친구의(모두의) 화면에서 같은 이름을 보여줍니다.
점선은 확장선이며, 기본은 30, 최대 55까지 늘릴 수 있습니다.
(너무 늘리면 화면이 복잡해집니다.)
가장 최근의 고점과 저점 수평선은 무한대의 길이를 가집니다.
그 외의 수평선은 적당한 길이로 조절되어 출력됩니다.
간혹 3개의 선으로 나뉘어 보이거나 투명도가 변하곤 하는데 이는 특별한 의미를 보이려는 것이 아닙니다. 트레이딩뷰 파인스크립트의 한계로 인한 현상입니다.
Intraday Zones & Levels - Support & ResistanceI use this indicator to mark levels and mathematically categorize my 15mins chart into smaller trading zones. You can view these as Support and Resistance levels as well, however, the main function is to visually divide the chart on the basis of previous days' price movements.
- Levels are calculated based on the Average % Change per Day for the last 5 Days. Calculations use Daily open Value for the last 5 days & % Change using current open Value.
- Entry Levels ( Bullish and Bearish ) mathematically divide the charts into 2 zones and can be used to determine the nature of the stock movement during that day.
- Weekly and Yearly Open Prices are also plotted on the chart as reference levels.
NSDT Pivot Points PlusThis script uses the Traditional Pivot Points but includes the price levels and the 50% line between levels. We added the ability to change the line color of the major levels and the minor levels independently, for better clarity. Added alerts - used code from QuantNomad.
Pivot Points description from TradingView default indicator:
Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
[RickAtw] O1 Opening Market LineThis indicator helps to identify current support and resistance based on the opening of the Asian, London and New York sessions.
Function
You can make good trade entries based on these lines. Shows daily and weekly openings of each session
It will also help you to look at which session you are currently trading)
Purple ----> Asian session
Red ----> London session
Blue ----> New York session
Key Signal
buy ---> A strong buy signal is a bounce from the low and the presence of a weekly or day open line.
sell ---> A strong sell signal is a bounce from the maximum and the presence of a weekly or day open line.
P.S. Be sure to test on your pair!
Remarks
This will help you determine the approximate area of support and resistance.
Since we cannot look into the future, it does not inform you about the exact records, but a possible change in trends.
Readme
In real life, I am a professional investor. And I check each of my indicators on my portfolio and how effective it is. I will not post a non-working method. The main thing is to wait for the beginning of trends and make money!
I would be grateful if you subscribe ❤️
[TS] Sniper Support ResistanceThis script is our Pivot Points and ATR based Support and Resistance indicator
-A Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, A resistance zone arises due to selling interest when prices have increased.
- By increasing the "S/R Multiplier" input, the user can change the distance from the S/R swing points
- By increasing the "S/R Length" input, the user can adjust the S/R Swing Points lookback length (pivot detection range)
Market Makers (PVSRA) - DataCrypto Analytics
Script to track market makers.
Colors candles with higher trading volumes, demonstrating that a lot of smart money is happening.
Exponential moving averages of 100, 200 and 233 periods with VWMAP 25 and DRAGON.
To use this indicator, it is necessary to understand PVSRA strategy.
You can read our PVSRA study on our profile.
//////////////////////////////////////////////////////////////////////////////////////////////////////
// PORTUGUES
//////////////////////////////////////////////////////////////////////////////////////////////////////
Script para rastrear Formadores de Mercado.
Colore velas com volumes de negociação mais altos, demonstrando que muito dinheiro inteligente está acontecendo.
Médias móveis exponenciais de 100, 200 e 233 períodos com VWMAP 25 e DRAGON.
Para usar este indicador, é necessário entender a estratégia PVSRA.
Você pode ler sobre estudo PVSRA em nosso perfil.
TEWY - Magic Support/Resistance1. This Indicator is used to identify the short-term and longer-term Support/Resistance levels.
2. Please try to keep base inputs as provided though it gives you the opportunity to change ticket price source and length as per your convenience.
3. With default settings:
a. The thick Red line is identified as Longer timeframe support
b. The thin Red line is identified as short timeframe support
c. The thick Green Line is identified as Longer timeframe resistance
d. The thick Green line is identified as short timeframe resistance
e. As per this indicator Gray area is where one can avoided taking a position or exit the existing positions if the candle's low or high Brocken which is closing in gray area as per the trade direction
Calculation Logic Used:
1. I calculated an average of 1-20 ROC average and checked price is above the it
2. I calculated 2 ATR based on 20 period to get the nearest support
3. If price is above both of above then plotted longer-term support based on ATR and shorter-term support based on ROC average.
One can use this indicator on any timeframe, though I created to see charts at a monthly and quarterly level to see for the investment opportunity.
Always respect RISKS and follow stoploss.
Let's understand how to take a position using this indicator
Thin Line = Shorter Time frame
Thick Line = Longer Time frame
Long position:-
1. Wait for the Candle to close above the Thin and Thick lines
2. Please make sure the close is firm above both of these lines.
3. Then enter long with stoploss below the Thick line.
4. Keep trailing stoploss with the thin line, so when the candle closes below thin line keep stoploss below low of that candle.
Short Position:-
1. Wait for the Candle to close below the Thin and Thick lines
2. Please make sure the close is firm below both of these lines.
3. Then enter short with stoploss above the Thick line.
4. Keep trailing stoploss with the thin line, so when the candle closes above the thin line, then keep stoploss above high of that candle.
I have given a sample illustrational image below, which should help you understand this indicator
Best of luck
NSDT Pivot ZonesThis is a new take on Traditional Pivot Points. By modifying the calculations, we were able to create "pivot zones" with a decent degree of accuracy.
PRIME - ShadoW ZoneZ with RSI LevelsIn This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are explanations of each function within the system.
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
Automatic Trend Lines
The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe.
As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel.
- Toggle on/off Color Coded
- Change Default, Uptrend, Downtrend color
- Change Line Width
- Change Line Style
- Toggle on/off Line Extensions
- Change Extended Line Width
- Change Extended Line Style
- Toggle On/Off labels for 7 data points of each timeframe
Automatic Trend Sights
This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel.
- Toggle on/off sight on each timeframe
- Change Width
- Change Line Style
Support & Resistance Levels, the main aim of the study. Level calculations are based on Relative Strength Index ( RSI ) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally.
RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones .
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Tradespot - S&R SuiteTradespot - S&R Suite
No configuration needed, works out the box
Dynamically created S&R lines & zones based on ongoing price action
Dynamically created fibonnaci retracement lines to create your trading range
Completely open to building a core trading strategy upon
Want to know more or have questions? Come join the Tradespot community, or send me a message on TradingView.
asw Intraday SetBest for intraday trading!
Key levels to watch during intraday include Open price, high & low of the the and of yesterday's.
These lines are plotted on the chart with VWAP in addition.
Hope it helps!
Bull Market Support Band (20w SMA, 21w EMA)This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
Ichimoku + 2 base linesIchimoku + 2 base line
This indicator is a combination of Ichimoku cloud indicator with two base lines.
The first base line is the same as the Ichimoku default settings but the baseline 2 indicates an average of 108 candles in the past and it acts as a strong support and resistance level.
How to use this indicator?
You can use this indicator to see if a break out is true or is a false break. For example if the price broke up the Ichimoku cloud and base line 2 is above the price, it will probably react to that area but if it's below the price, it is a good opportunity to buy. (for sell/short position it is in the opposite way the base line 2 should be above the price)
If you want to trade in support zones base line 2 (108) is a very good area that you can wait for a good candlestick pattern to enter a position.
Caution: before using this indicator please back test it and if the results were good enough, use it as a confirmation.
Support/Resistance Zone Auto [PRO]This is an indicator that automatically detects and displays support / resistance zones.
It displays up to 5 zones with a large number of reversals.
- Zone Color : Set the zone color.
- Number Of Zones : Set the number of zones to display. Can be set from 1 to 5.
- Zone Width : Set zone width. Selectable from "Very Wide", "Wide", "Normal", "Narrow", "Very Narrow".
- Number Of Reference Bars : Set the number of bars to reference. Selectable from "500", "1000" and "1500". When "1000" is set, the past 1000 bars are referenced from the latest bar (current bar) to investigate the reversal status.
- Reference Point Label : Set the color of the label displayed at the reference start position. Selectable from "Black", "White", and "None". If this parameter is "Black" and the "Number Of Reference Bars" parameter is "1000", a black label with "1000 bars" will be displayed 1000 bars before the current bar.
- Increased maximum zone display from 3 to 5.
- Zone color can be set with Input.
- Display the price range of the zone (eg 1.5600 - 1.5650)
- Display Reference Point Label.
Support/Resistance Zone Auto [FREE]This is an indicator that automatically detects and displays support / resistance zones.
It displays up to 3 zones with a large number of reversals.
- Number Of Zones : Set the number of zones to display. Can be set from 1 to 3.
- Zone Width : Set zone width. Selectable from "Very Wide", "Wide", "Normal", "Narrow", "Very Narrow".
- Number Of Reference Bars : Set the number of bars to reference. Selectable from "500", "1000" and "1500". When "1000" is set, the past 1000 bars are referenced from the latest bar (current bar) to investigate the reversal status.
