ZenAndTheArtOfTrading

S&R Zone Signals

This indicator allows you to specify price zones in which to detect basic candlestick patterns.

In the example above, I have specified the most immediate support and resistance zones on GBP/USD and set the script to detect engulfing candles. If a bearish engulfing candle occurs within the resistance zone a signal will be generated; likewise for bullish engulfing candles within the support zone .

The purpose of this indicator is to generate trading alerts when these patterns occur in order to reduce the screen-time required to monitor setups. This indicator is intended for structure traders primarily, although it could be used by anyone who uses zones and candlestick patterns to enter trades.

If you leave either zone set to 0 then that zone will not be used, meaning that you can use this to detect both support and resistance signals, or only signals at support, or only signals at resistance.

Settings:
R1: First Resistance Price
R2: Second Resistance Price
S1: First Support Price
S2: Second Support Price

Draw Signals: Enable/Disable Visual Signals
How Far To Look Back: Used For Detecting Fractal Highs/Lows
Doji Size (in pips): This Changes the Size of Detected Doji Candles
Hammer Wick Size: This Changes the Size of Detected Hammers/Shooting Stars
Engulf Wick: If Enabled, Only Engulfing Candles That Engulf the Wick Will Be Valid

Show Engulfing Candles: Enable/Disable Visual Signals For Engulfing Candles
Show Doji Candles: Enable/Disable Visual Signals For Doji Candles
Show Hammer Candles: Enable/Disable Visual Signals For Hammer / Shooting Star Candles

Source Code:
Go to https://zenandtheartoftrading.com/indica... for the source code – it’s free!
Notas de Lançamento: - Updated to PSv4
Notas de Lançamento: Several small optimizations and improvements
Script protegido
Este script é publicado como de código fechado e você pode usá-lo livremente. Você pode favoritá-lo para utilizá-lo em um gráfico. Você não pode visualizar ou modificar seu código fonte.
Quer usar esse script no gráfico?
If you want to master Pine Script coding, watch my free YouTube lessons or get the source code to my scripts then check out my Pine Script Mastery Course website: https://www.pinescriptmastery.com

Comentários

Hi,

Can i get the source code for the study .. unable to find the same on your website

As mentioned script is not working on version 4
+10 Resposta
Comentário removido.
techtrader29 ZenAndTheArtOfTrading
@ZenAndTheArtOfTrading, Great , Let me have a look
+2 Resposta
Hi, Can we get the source code of study? Maybe can you please add more levels? I'm using your tool. It's very useful. It will became amazing with two or more levels for supports and resistances.
+2 Resposta
@mvsousa_sjp, Hi! Thanks for the suggestion, that's a great idea. When I get time I'll add some more levels to it. In the meantime if you want the source code it's available at my website, I'm not allowed to link it here due to the TradingView terms and conditions but you can find the URL in my signature beneath the script description. Take care and best of luck with your trading :)
Resposta
not workin
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@ernie76, It is working :) please read the instructions
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Mine is not working
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@MikeLapomme, It is working :) please read the instructions
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ok what do we add in the input fields in place of the 0
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