OPEN-SOURCE SCRIPT
Automatic Support & Resistance
Atualizado
The indicator attempts at automatic detection of support and resistance levels by identifying large swings/pivots in historical price action. 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. It then places lines on the chart to highlight those levels.
Once you are comfortable with the code base and how the indicator operates, you may wish to expand upon it. One obvious addition to make would be inputs for the "Left Bars", "Right Bars" and "Quick Right" variables so that you can tune the indicator according to your own taste.
Feel free to tweak the code and let everyone know in the comment section if you are able to improvise it.
Happy trading:-)
Once you are comfortable with the code base and how the indicator operates, you may wish to expand upon it. One obvious addition to make would be inputs for the "Left Bars", "Right Bars" and "Quick Right" variables so that you can tune the indicator according to your own taste.
Feel free to tweak the code and let everyone know in the comment section if you are able to improvise it.
Happy trading:-)
Notas de Lançamento
This is an updated version of existing "Automatic Support & Resistance"This version will allow you to draw Automatic S/R levels based on "Close values" or "High/Low values"
I personally find S/R levels with "Close values" to be are more precise and effective while trading breakouts, hence the need for the update.
Please let me know your thoughts in the comments section below.
Notas de Lançamento
Publishing version 0.2 with the correct display chartNotas de Lançamento
Correcting some mistakes. Apologies for that :)Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
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