Support and Resistance plotter

١ نوفمبر ٢٠١٩

The script uses high/low/higher high/lower low for Support and Resistance identification but takes into account only pivots with wick making low/high opposite to candle body. Such candles point to hard market swings into during candle timeframe.
Price usually come bake to such levels and make double top/bottom, divergences on different osc or starts a new trend if this level is broken.

If Support lvl and Resistance lvl meets the movement of price in the direction from this combined lvl is much accelerated.
examples

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ملاحظات الأخبار

added bar colors for better trend visualization - close over support and resistance = green, above = red