Dynamic SUPRES Multi Timeframe Update
Dynamic SUPRES can be interpreted in different ways. Each square marks an area of congestion that could serve as support and resistance.
FLASH UPDATE: Now is possible to choose the timeframe and the bars color on/off.
FLASH UPDATE: Now is possible to choose the timeframe and the bars color on/off.
study(title="Dynamic SUPRES",shorttitle="DySR", overlay=true) multiplier = input(title="M", type=float, defval=1.21, minval=0.5, maxval=1.9) timeframe = input(title="Timeframe", type=resolution, defval="60") barsc = input(title="BarsColor", type=bool, defval=true) o = security(tickerid,timeframe,open) c = security(tickerid,timeframe,close) atr = security(tickerid,timeframe,sma(tr,5)) anomalia = abs(o-c) > multiplier*atr ? 1 : 0 barcolor(anomalia==1 and barsc==1?silver:na,0) dot = (anomalia == 1 and c<o)?o+atr:(anomalia == 1 and c>o)?o-atr:na plotshape(dot,style=shape.square, color=black, location=location.absolute, transp=0)
