This script is based on Range Support and Resistance . It works by taking the range of the day,week and month calculating them and plotting 3 layers of Support and Resistance , as soon as it gets non directional /range bound , bar color turns GRAY if its in Bullish Trend and Pink if its in Bearish Trend .. As soon as bar turns Aqua it defines BULLISH Trend and...
This script is used for plotting the Fibonacci support and resistance levels. Compared to other ones, the changes to this script are that you can choose what color should all the lines be and that it doesn't change the chart's size, meaning that it won't shrink the chart so that all the levels can be seen. If you have any suggestions, I'm open to anything. Also,...
The EMA 730 line is a great way to show dynamic support and resistance . Price action travels "through" this line on each timeframe. This script pulls the EMA 730 Line from multiple timeframes so a trader can visually see price action bounce between support and resistance lines. Lower bands (white lines) can be turned off using "tickbox" in settings. EMA length...
Overview The algorithm endeavours to robotize the identification of support and resistance levels by recognizing enormous swings/turns in authentic value activity. These tops and bottoms in value activity shows where the bunches of buyers or sellers came into the market and may go about as future degrees of support or resistance. The code identifies the...
About this script: This example aims to highlight an alternative way to view HTF data by providing basic interpolation functionality. This script does not aim to provide use in itself as an indicator or strategy. Reason for study: Educational Purposes Only
Author: Arthur Wayne Description: This script automatically plots levels according to Primetime Trading Academy guidelines. Directions: On the monthly chart, you should select two significant monthly support/resistance levels and input them into the script. It is recommended to mark these levels with the price label tool. The script will then...
This script is dynamic support & resistance based on MACD crossover. Resistance= highest value of candle looks back when MACD crossdown. Support= lowest value of candle looks back when MACD crossover. Middle line is average of Resistance and Support. Buy when close crossover Mid line. Sell when close crossunder Mid line.
Predicts local bottoms and support levels. Simply enter a strong resistance level (Settings > Liquidation Resistance Level), and this indicator shows you levels where margin selling pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected above a strong resistance level. 2x -...
Predicts local tops and resistance levels. Simply enter a strong support level (Settings > Liquidation Support Level), and this indicator shows you levels where margin buying pressure is likely to drop off. This is based off of the assumption that leveraged traders will likely want their liquidation point protected below a strong support level. 2x - blue 3x -...
The intent of this strategy is to buy breakouts with a tight stop on smaller timeframes in the direction of the longer term trend. Default longer term trend is the daily, but the user can choose any timeframe to use for the SMAs (which act as filters and trailing stops). Exit the trade using a trailing stop of a close below either the 10 MA or 20 MA (user...
Alchemist Capital Lazy Zones is a script written to complement the trading style taught by @clover_trading - Chris teaches a zone to zone strategy and this script aids in the technical analysis relating to this. This indicator has been tested and coded with Forex pairs in mind, as such its functionality and usefulness on other assets cannot be guaranteed. The...
Hello Traders, Here i bring you my first Price Action Atr based Indictor combined with fib entry and exit trailing levels with minimum risk and maximum profit , as we must have seen at times as we enter the trend reverse and hits our stoploss . Keeping that in mind as i too stuggled and made losses so i decided and focused more on minimizing the stoploss and...
This is an alert script using Pinescript version 4. This enables one to set 5 alerts (1 StopLoss, 4 Targets), on 3 different symbols, at using a single alert in the UI. Every visible line will only appear on the symbols that are selected. After setting targets when making an alert, select this indicator as a condition. Change the name to whatever you want, usually...
The RexDog Hour Close Lines plots the last 4 previous hour (60 minute) closes. Extremely helpful indicator for traders who trade on lower timeframes below the 60. The plotted lines are also offset to represent that hours close location on the chart-- but keep the below in mind. The offset is set for a default resolution of 5 minutes. In that chart timeframe, the...
This indicator calculates the Fibonacci retracement levels based on beam bands. As you can see the price very often reacts to these levels.
(For Bursa Malaysia only) This indicator will display nearest support and resistance from Gann Square of 9 Box. Red line (Strongest) Resistance Support Blue line (Moderate) Act as support and resistance Only workable for price lower than RM18.
Objective is to map out different multi-timeframe support/resistance , all at once. Includes weekly, daily and 4H EMAs and MAs, as per the follow (allowing customization) WEEKLY (in pink/purple variations): - 13 EMA - 21 EMA - 34 EMA - 50 M.A DAILY (in green variations): - 21 EMA - 50 EMA - 120 M.A. - 200 M.A. 4H (in yellow/golden colors): - 400 EMA - 500 EMA -...