OPEN-SOURCE SCRIPT

Extended Support and Resistance Levels

1 436
Indicator: Extended Support and Resistance Levels
This Pine Script indicator dynamically calculates support and resistance levels based on recent price action and projects these levels into the future.

Support is determined by the lowest low over a user-defined period, while Resistance is defined by the highest high over the same period.
The indicator draws lines at the calculated support and resistance levels and extends them into the future, allowing traders to visualize potential future levels where price might react.
The extension of these lines helps in identifying areas where price may respect support or resistance in the upcoming bars.
The user can adjust the period for support/resistance calculation and the number of bars for projection, providing flexibility to adapt to different timeframes and market conditions.
This tool is ideal for traders looking to anticipate future key price levels based on historical price data, helping with decision-making on potential entry or exit points.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。