INVITE-ONLY SCRIPT
已更新 S-R Zones & SH-SL by YSTC
This is a PAID Indicator from Volume Profile and VWAP Pack.
According to payment you will either get a TradingView account with indicators activated or
Have to send an email to contact@ystc.in with the email you used to sign up with us, and with your TradingView Username.
The script is available (for free) to YSTC's Course members of "Trading with PAV".
Overview (Support and Resistance - Supply and Demand)
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 basic technical analysis in trading. Instead of drawing zones manually, this indicator can save you time by plotting zones automatically.
Working
There are specific characteristics of a valid support and resistance zone. Price always bounces upward from the support zone while it bounces downward from the resistance zone. On the other hand, when a breakout of the support or resistance zone happens, the price trends toward the breakout.
Valid support zone
When the price touches a zone two to three times and bounces in a bullish direction, it is a good support zone.
The main point is that you should always find the bounces in clear price swings. The touches or bounces of the price must not be in the form of a choppy market. Price always moves in the form of swings or waves.
Valid resistance zone
When the price touches a zone two to three times with a bounce in a bearish direction, then a valid resistance zone forms.
Here the price bounces must be in the form of swings or waves. You must avoid a choppy market.
So the support and resistance zone indicator finds these parameters on the chart and draws only valid zones.
Settings of indicator
There are two inputs available in the indicator.
Number Of Bars For Swing High-Low
The number of bars for the swing bars represents the size of the swing for a valid support or resistance touch. This parameter helps to filter the ranging price. the default value is 10.
No of Tests for a Valid S and R Level
In this indicator, the number of pivots represents the support or resistance touches. so if you select the number 3, the indicator will only draw a zone with three touches.
Features
There are the following features that this indicator identifies automatically, so you don’t need to do manual work.
We are constantly adding new feature to improve S-R zones like how we taught in our course, so expect those in the next update.
Warning!!
This Indicator is work in progress. So TRUST the Swing High/Low and Manual Plotting until we improve this indicator Expect Errors. When this indicator is out of Development phase will removing this warning.
You can add this script to your chart by clicking "Add to favorite indicators" below.
Have Questions ?
contact@ystc.in
Free Stock Market Introduction Available.
Name: Yogesh Patil (YS Trading Coach).
Contact: +91 9637070868.
Time: Monday to Friday (10:00 AM - 07:00 PM).
According to payment you will either get a TradingView account with indicators activated or
Have to send an email to contact@ystc.in with the email you used to sign up with us, and with your TradingView Username.
The script is available (for free) to YSTC's Course members of "Trading with PAV".
Overview (Support and Resistance - Supply and Demand)
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 basic technical analysis in trading. Instead of drawing zones manually, this indicator can save you time by plotting zones automatically.
Working
There are specific characteristics of a valid support and resistance zone. Price always bounces upward from the support zone while it bounces downward from the resistance zone. On the other hand, when a breakout of the support or resistance zone happens, the price trends toward the breakout.
Valid support zone
When the price touches a zone two to three times and bounces in a bullish direction, it is a good support zone.
The main point is that you should always find the bounces in clear price swings. The touches or bounces of the price must not be in the form of a choppy market. Price always moves in the form of swings or waves.
Valid resistance zone
When the price touches a zone two to three times with a bounce in a bearish direction, then a valid resistance zone forms.
Here the price bounces must be in the form of swings or waves. You must avoid a choppy market.
So the support and resistance zone indicator finds these parameters on the chart and draws only valid zones.
Settings of indicator
There are two inputs available in the indicator.
Number Of Bars For Swing High-Low
The number of bars for the swing bars represents the size of the swing for a valid support or resistance touch. This parameter helps to filter the ranging price. the default value is 10.
No of Tests for a Valid S and R Level
In this indicator, the number of pivots represents the support or resistance touches. so if you select the number 3, the indicator will only draw a zone with three touches.
Features
There are the following features that this indicator identifies automatically, so you don’t need to do manual work.
- Identify the valid support and resistance zones.
- Add the confluence of swings or waves during zone identification.
- Choppy market filter.
We are constantly adding new feature to improve S-R zones like how we taught in our course, so expect those in the next update.
Warning!!
This Indicator is work in progress. So TRUST the Swing High/Low and Manual Plotting until we improve this indicator Expect Errors. When this indicator is out of Development phase will removing this warning.
You can add this script to your chart by clicking "Add to favorite indicators" below.
Have Questions ?
contact@ystc.in
Free Stock Market Introduction Available.
Name: Yogesh Patil (YS Trading Coach).
Contact: +91 9637070868.
Time: Monday to Friday (10:00 AM - 07:00 PM).
版本注释
Minor Update.版本注释
Added Alerts For The Detection Of Support And Resistance Zones仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系YSTradingCoach。
请注意，此私密、仅限邀请脚本未经脚本版主审核，是否符合网站规则尚未确定。 TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
A PAID Indicator from Volume Profile and VWAP Pack. According to payment you will either get a TradingView account with indicators activated or Have to send an email to contact@ystc.in with the email you used to sign up with us, and your TV username.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系YSTradingCoach。
请注意，此私密、仅限邀请脚本未经脚本版主审核，是否符合网站规则尚未确定。 TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
A PAID Indicator from Volume Profile and VWAP Pack. According to payment you will either get a TradingView account with indicators activated or Have to send an email to contact@ystc.in with the email you used to sign up with us, and your TV username.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。