This Indicator Identifies and draws the support and resistance Zones On the Chart 🔶Overview The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones. The support and resistance indicator is the most...
Support & Resistance drawn based on overbought & oversold RSI . where the overbought acts as resistance and oversold acts as support. It has 2 levels (for support and resistance - i call them level_n_high or level_n_low) for each lookback period. it checks the highest pivot and the lowest pivot based on the lookback period then we compare if rsi is higher than...
Psychological levels (Bank levels) plots the price levels by truncating after the nth leftmost digits, as it appears the humain brain tends to intuitively calculate in log/zipf. Contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by...
█ Indicator based on DEMA (Double Exponential Moving Average) & Supertrend to show Bands . DEMA attempts to remove the inherent lag associated with Moving Averages by placing more weight on recent values. Supertrend aims to detect price trends, it's also used to set protective stops. █ Usages: Combining Dema to calculate Supertrend results in nice lower...
The Dynamic Support And Resistance Indicator was created by Mike Siroky (Stocks and Commodities pgs 14-18) and this is a handy indicator that will show you useful support and resistance levels no matter how the stock is doing right now. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red. Let...
Projected Support And Resistance is a custom indicator of mine loosely based on the work done by Ketan Asher (Stocks and Commodities Bonus Issue 2021 pgs 12-14) and generally speaking this does a pretty good job of telling you what the future behavior of the stock will be. As the lines widen apart, there will be either upward or downward momentum. Buy when the...
This is a script that allows you to toggle multiple indicators related to support and resistance, CCI, and Breaches (Crossovers based on William's Fractals). How to use: Custom Timeframe (Minutes) - To compare to current candles Crossovers on custom - Crossovers and breaches on custom timeframe (Blue Triangle up) Crossunders on custom - Crossunders and breaches...
Hello Traders! As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame,...