This indicator draws support line and resistance lines in the price chart. How ? For drawing the support/resistance line we need to first determine the demand and supply. We are using too-familiar indicator RSI to determine when the script is oversold and overbought. Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays...
█ This Indicator is based on Pivot detection to show bands and channels. The pivot price is similar to a resistance or support level. If the pivot level is breached, the price should continue in that direction. Or the price could reverse at or near this level. █ Usages: Use channels as a support & resistance zone. Use bands as a support & resistance zone....
Technical indicators are not limited. Hence, here is another indicator with the combination of OBV, RSI, and MACD along with support, and resistance that follows the price while honoring the moving average of 200, 90 & 50. The default lookback period of this indicator is 21 though it is changeable as per the user's desire. The highest high and lowest low for the...
This script uses the standard pivot-high/pivot-low built-in methods to identify pivot points on the chart as a base calculation for the zones. Rather than displaying basic lines, it displays a zone from the original pivot point to the closest part of the available body on the same candle. The script comes in handy by utilizing Pinescripts available input.source()...
This script displays a histogram from the mean and standard deviation of the visible price values on the chart. Bin counting is done relative to high/low prices instead of counting the price values within each bin, returning a smoother histogram as a result. Settings Bins Per Side: Number of bins computed above and below the price mean Deviation...
Hello Traders, I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones I's the same zigzag indicator as my other zigzag indicator with...
This indicator will automatically plot support and resistance levels and will also allow you to overlay multi time frame support and resistance on any time frame that you are currently conducting analysis on. In addition you can also set alerts when a support and resistance level is tested, fine tune how many levels you would like to view on your charts, option to...
I. How to use this indicator : ------------------------------ I.1. Set your teadingview theme to dark theme. I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto. I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) : - Timeframe 1m, 5m, and 15m for Scalping - Timeframe 30m, 1h and 4h...
Support and Resistance Multiperiod (Zig Zag Based) What is the indicator? • The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag. Who can use? Scalpers to Long term investors What timeframe to use? • Any timeframe What are the lines? • Green lines are Support levels. • Orange lines are...
This auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and...
Indicator showing resistances and support, based on pivots location When a new pivot location is near from a resistance/support the latter gains weight. You can modify multiple parameters : Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken. Nb show res/sup : Define...
SSL HYBRID Advanced SSL Hybrid is an Advanced version of the default SSL Hybrid by Mihkel00. Multiple Indicators MACD Crossover Signals EMA 200 Bollinger Band Bollinger Band Squeeze ADX Crossover and ADX level CCI Over Brought /Sold Stochastic Over Brought /Sold RSI Over Brought /Sold CREDITS QQE MOD byMihkel00 SSL Hybrid by Mihkel00 Waddah...
Indicator showing pivots and interpret a trend out of it. Pivots are calculating with deviation parameter to validate with more precision. Trending moves are calculated according to Dow Theory : In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend. In...
It is by far the simplest on chart presentation of Gann square of 9. It calculates the levels based on previous day closing. These levels usually acts as support and resistance.
ENGLISH FiboLevels uses standard deviation (a measure of market volatility). For me, more successful parameters were EMA, 500 days, showing levels 50 and 100. The standard RSI 14 indicator helps to determine the levels, you can use its values to navigate the levels if the price approaches any line, and the RSI is in the overbought or oversold zone, that is, there...
AUTO SUPPORT AND RESISTANCE FROM OPTIONS STRIKE PRICES WITH PERCENTAGE GAPS This is an auto support and resistance level indicator that uses options strike prices or psychological numbers as the relevant levels. Set your starting level or strike price and input the options strike price gaps for that ticker and 15 lines in either direction will automatically...
Support and resistance zones are used across all markets by traders and bots alike to identify liquidity and possible bounce areas. This script automates the drawing of those zones based on a number of variables, such as lookback period, channel width, number of touch confirmations and more. This script also implements a some useful alerts so you can rest easy...
Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis █ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction. A support level is a price...