Before anything, take notes of the script limitations : 1) The script has the setting : "Max_bars_back" set to 390. This is required to use dynamic length and an "internal clock" *390 is the normal number of bars in a typical stock trading day. 2) The script requires volume data to work correctly * I use a way to represent volatility that requires ( volume +...
This indicator can point out you monthly potential reversal range. This can be used for people who hold the trade more than couple of days to understand their Risk / Reward ratio. Even this can be used of people who does BTST or STBT trades as well. Contact me for more information
Dear Traders, This is the Intraday Line, Entry: if the 3min (or) 5min candle crosses this line, we mark high and low of that candle, if alternate candle breaks that high or low we will take entry Target: Based on your requirement, Stoploss: Intraday line(Blue Line) (or) High/Low, i think you get Benefited with this script, Thanks&Regards, TradingBaba
This is my second script for Support and Resistance levels. Support and resistance has a very broad definition, I have made this indicator to quantify levels that way it's always consistent. New assigned levels are dynamic and will have colored cloud form.
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!
Plots Fibonacci Levels Automatically Instruction to add it: 1) Click Below Right button: ADD TO FAVORITE SCRIPTS. 2) On your chart, click Indicators, search for Wusten 3) Once added on left go to settings.... Leave INPUT tab, click STYLE tab. 4) UN-TICK ALL PLOT boxes. 5) Scroll all the way down and at the very bottom left click DEFAULTS, and click...
Auto plot support and resistance with special focus on round numbers This indicator is to be used as part of a system Use the link below to obtain access to this indicator.
This Study Is based on • RSI • Moving Average • Candlestick price action and • Bulls Bears calculation. This Study is Also has alerts inbuilt. Alerts are for: • Buy Active • Buy Profit Achieved • Buy Loss Hit • Sell Active • Sell Profit Achieved ...
The SuperTrail indicator is similar to the very popular and widely used SuperTrend but it has been improved to use a percentage value instead that helps users to determine the natural trading range of a stock over a period of time, and set stop losses (especially trailing stops) accordingly. The best way to use it is to find stocks in a steady trend (upwards if...
it basically plots average of previous day high and low
The indicator plots the golden pocket (Fibonacci retracement 61% to 65%) of recent highs and lows. The golden pocket is calculated from the last high to the last low. The high and low are determined by the number of last bars. The golden pocket is used for trading as support and resistance. The length of the past highs and lows can be determined by yourself. You...
Simple script to plot the Midpoint between the High and Low of day for intraday trading. This is a key level that is respected quite often. Very easy to trade bounces or breakthroughs.
I 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!
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...
Moving average smoothed with the proposal to point out possible inflection points of trends and to establish good points of supporting moving resistances. Green color indicates an upward trend and the average should work with support, while the red color points to a fall and will work as resistance. blue tint indicates a possible inflection in the trend or...
Ideal moving average to check trend inflection points. Excellent as support points and moving resistance. Long positions with price working above and with green color, as well as short positions with price below and red color. As long as the average is blue, or, alternating between colors, the scenario is one of consolidation.
If 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.
This 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...