Hey guys, this indicator detects support and resistance level based on the number of times a level got tested in a certain range. How does it work? In the user input settings, you will be able to choose between two modes "Tested Level" and "Untested Level". "Tested Level" will be detected by the number of times a certain low or high got tested in the...
Hello traders, This script is an adaption of an FXCM indicator called Pivots Cloud Takes in input two timeframes, build the pivots based on them and fill the space between those pivots Should be non-repainting Best Dave
Played around with Lazy Bear's VMA and Gunazzi's SuperTrend Cloud . It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change. I use it to give me a direction for longs or shorts, not as a...
Breakout above previous pivot points trigger a long. Close below pivot lows trigger the exit. Most effective during trends.
This script plots the previous n day and week highs and lows (previous two days and previous week by default). Here are some additional info about the script behavior: Plots highs and/or lows Plots for days and/or weeks Day highs and lows are shown only on intraday timeframes Week highs and lows are shown only on timeframes < weekly
1. Golden Pivot indicator combines Central Pivot Range and Camarilla Pivots. 2. Pivot calculations are based on Secret of Pivot Boss book by Frank Ochoa. 3. One can also view tomorrow's pivots by today EOD.
This script plots the current daily, weekly and monthly opens (all enabled by default). Here are some additional info about the drawing behavior: Daily open is shown only on intraday timeframes Weekly open is shown only on timeframes < weekly Monthly open is shown only on timeframes < monthly
Description: Whale: Whale utilizing discounted prices (increasing on-chain volume & decreasing price) Recovering: Positive momentum in price after potential whale activity Cycle Volume Support: The transaction volume support during a cycle What’s the best time to invest? After institutions make up their mind at low price levels. How’s on-chain volume related...
This script is a new version of "FibLines" which automatically draws Fibonacci Lines on chart. 0% line and 100% line are determined by "Period" and "Delay" parameter. ◆Params - Period: specifies periods to detect the highest (bearish) fractal and the lowest (bullish) fractal. - Delay: specifies the number of new bars you ignore. (👇 old version)
Introduction The support and resistance methodology remain the most used one in technical analysis, this is mainly due to its simplicity, and unlike lots of techniques used in technical analysis support and resistances have a certain logic, price can sometimes appear moving into a channel, support and resistances allow the trader to estimate such channel and...
This strategy buys when the Donchian Channel is broken to the upside and uses the lower Donchian Channel line as a trailing stop. You can also choose to use a moving average as a filter to keep you out of trades that are counter trend. You can also configure which dates you want to backtest, so you can see how this behaves over specific time frames and market cycles.
Displays horizontal lines that represent support and resistance levels. You can use it with any symbol and on any timeframe. Parameter 'Time range' means number of candles in consideration. The beginning of the range is marked with a little violet circle. The more 'Sensitivity' is, the more levels are displayed.
Hello guys, another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce. How does it work? The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be...
LeveLeledc - Exhaustion levels (InSilico) Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars" More information on core function in source scripts page -> P.s Written...
camarilla - Daily,Weekly,Monthly levels in one chart for support and resitance
Hello guys, once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level. How does it work? The method is similar to the way Bollinger Bands work. First, the...
Hello guys, I love to play around with different methods for detecting support and resistance level. So today here is a new approach, which could be interesting to a few of you. I call it exhaustion level. I'll give a brief introduction on how the indicator works and leave the testing/applying to you. How does it work? The method is basically very simple....