RicardoSantos

[RS]Support and Resistance V0

Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)

combo with other systems:
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study("[RS]Support and Resistance V0", overlay=true)
window1 = input(title='lookback window 1:', type=integer, defval=8)
window2 = input(title='lookback window 2:', type=integer, defval=21)

top1 = valuewhen(high >= highest(high, window1), high, 0)
bot1 = valuewhen(low <= lowest(low, window1), low, 0)
top2 = valuewhen(high >= highest(high, window2), high, 0)
bot2 = valuewhen(low <= lowest(low, window2), low, 0)

t1 = plot(top1, color=top1 != top1[1] ? na : black)
b1 = plot(bot1, color=bot1 != bot1[1] ? na : black)
t2 = plot(top2, color=top2 != top2[1] ? na : black)
b2 = plot(bot2, color=bot2 != bot2[1] ? na : black)

fill(t1, t2, color=orange, transp=80)
fill(b1, b2, color=olive, transp=80)

Comentários

superb indicator, if you can please indicate a buying and selling signal or if you can say which other indicator would be best to get the buy and sell signal it will be a jackpot for small traders like me.....Just started trading and making a lot of loss but this indicator helped me a lot to control losses but i have not seen profit till now and struggling.....please support....thanks
Resposta
hi sir
Sript is very easy to digest.one suggestion for this xcipt Please add buy sell indicator so that it is easy & convienent to go for trading.thanks for wonderful indicator.
Resposta
Please add alert when the lines appears. Have a great day :-)
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what's happenign as I change the lookback window lengths? i can't get my mind wrapped around it, but i'm new to this.
+2 Resposta
can i acces on the your strategy ?
Resposta
Não entendi o que significa as areas que se formam vermelhas e verdes....
+2 Resposta
Is there anyway I could get a copy of this script??? I love it!
+8 Resposta
This indicator draws the levels to the highest points. This is not a panacea. But this one draws true levels:
Resposta
@JinFlark, true level being the closing price of the candle?
+2 Resposta
JinFlark boreddude001
@boreddude001, yes, and like you can see X-LINES analysed all tradingview instruments include cryptocurrency. Clear and true interesting market prices automatically!
+1 Resposta
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