Unique live widget which provides information about support and resistance along with distance to immediate levels. https://www.tradingview.com/x/TXpTVX86
⬜ Custom Candle Source
Three options of candles available ▶ Regular OHLC candles ▶ Heikin-Ashi candles ( Taken leaf out of Bjorgum's book - but, still could not do it as good as him :) ) ▶ Moving average candles
⬜ Multiple zigzags and choice of oscillator
Like any other zigzag based indicator, I prefer using 4 zigzag levels.
And select oscillator of your choice to identify divergence. Oscillator lengths are automatically calculated based on zigzag lengths. You can also chose external oscillator.
⬜ Support and resistance widget settings ▶ Max S/R per zigzag - this is the number of last S/R levels recorded for each zigzag ▶ Max S/R for stats - even though there can be many number of S/R levels, we cannot show all of them in the widget due to space constraint. Hence, this is set to minimal value of 3. Can be changed via this input. ▶ Max S/R for Alerts - When sending stats through alerts, users can decide how many immediate S/R levels to be sent in them. ▶ Alert Choices - Can chose to get alerts when new S/R levels formed and also when existing S/R levels broken.