This is Dynamic Support / Resistance script.
How it Works?
It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the...
This is a 16-color version of our previously published Color Gradient Framework - PineCoders FAQ, which provided the same functionality, but with 10 gradient levels. The additional shades provide better transitions and do not impact speed much.
— Allows the selection of one of 3 color schemes, each containing a pair of bull/bear colors.
Envelop - Multi Type displays an upper envelope above a basis line and a lower envelope below the basis line. The basis line is a type of moving average, The envelopes are set a percentage away from the basis line.
A. Basis Line's Type
1. Gaussian Filter script by Alex Orekhov (everget)
8. Hull MA