OPEN-SOURCE SCRIPT
Dynamic Trailing Support & Resistance
Dynamic Trailing Support & Resistance (DTSR) :
Hello Traders !!
DTSR is an objective dynamic support and resistance zone channel, Unlike subjective technical analysis DTSR finds S&R zones by calculating a range threshold within a given range over a specified lookback. FIB (Fibonacci) 38.2% and 61.8% retracement zones are also plotted for intermediate zones of resistance / support within the main resistance / support zones.
Plots
▾ <=> Close or high >= Trailing Resistance
▴ <=> Close or low <= Trailing Support
HH = The Highest High over the given Lookback period
LL = Lowest Low over the given Lookback period
Proximal Lines = The trailing S&R zones over the given lookback
Distal Lines = The HH or LL over the given lookback
DTSR Formula
note : This idea is not original to me, and was inspired by another creators work
Hello Traders !!
DTSR is an objective dynamic support and resistance zone channel, Unlike subjective technical analysis DTSR finds S&R zones by calculating a range threshold within a given range over a specified lookback. FIB (Fibonacci) 38.2% and 61.8% retracement zones are also plotted for intermediate zones of resistance / support within the main resistance / support zones.
Plots
▾ <=> Close or high >= Trailing Resistance
▴ <=> Close or low <= Trailing Support
HH = The Highest High over the given Lookback period
LL = Lowest Low over the given Lookback period
Proximal Lines = The trailing S&R zones over the given lookback
Distal Lines = The HH or LL over the given lookback
DTSR Formula
note : This idea is not original to me, and was inspired by another creators work
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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。