As all seasoned traders know, there's no better trading tactics than Price Action. Price Action understood not as some fancy candlestick formations, but as horizontal lines called Support and Resistance, generated by the market in the past - where the price reacted and reversed, showing which levels were strongly defended by traders around the world.
Price very often reverses again and again from these lines and once it finally breaks through them, very often returns for a retest before continuing its journey, very juicy for the trader. Support becomes Resistance and Resistance becomes Support - surely you have heard those rules before.
Support and Resistance lines are a map to the market. They are best entry spots out there. You might want to add more tools and techniques to your trading analysis, but truth is, moves will always start on some Support or Resistance line. Very often to the tick. People not seeing these lines trade blindfolded.
Difficulty is when it comes to removing those lines. You cannot hold them forever, as the chart would get completely blurred. So this script not only automaticaly draws lines, but also deletes those which become irrelevant. It also shows lines created by 4 tiers of pivot points, by default: 2 bars, 10 bars, 60 bars and 240 bars. So on one-minute chart it would present even 4h Support and Resistance levels, perfect for finding entries even for scalpers. All configurable.
I mostly trade Forex, but S/R rules are applicable to all markets out there.
This is invite-only script, PM me for access.
Script sob convite
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Peter_O directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Instruções do autor
Warning: please read our guide for invite-only scripts before requesting access.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Peter_O directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Instruções do autor
Warning: please read our guide for invite-only scripts before requesting access.
I auto-execute TradingView Alerts into MT4/MT5 using this: tradingconnector.com 1-second delivery. Ping me if you need support with installation.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.