[AB] Support/Resistance Drawing ToolThis script is designed to help you identify viable support and resistance levels by automatically creating lines that become less transparent when said levels hold. It is based on Donchian Channels created by rounded closes, not by highs and lows. You can use it as an aid to draw your levels manually, or stick exclusively to automatic charting.
Available settings are as follows:
Source - highly recommended to use Close, but other options are available if you'd like to do some experimentation.
Source Rounding - the accuracy of price sampling; higher rounding will make your lines more visible at the expense of precision. It is highly recommended to use decimals.
Length (Array) - the overall lookback of the script (length of the array). This value shouldn't be higher than 500 if skip = 2, or 250 if skip = 1. If you'd like to reach further back into the past, I'd recommend switching timeframes instead of increasing this beyond 500.
Sampling Skip - how frequently the data is sampled. I wouldn't recommend going beyond 2, especially with the default settings.
Transparency Skip - you can think of it as "pencil hardness". The higher the skip, the bigger the imprint of a single level detection will be. Wouldn't recommend going beyond 10.
Color R, G, and B - you can use these settings to adjust the color of the lines.
Keylevels
Bank Levels - Psychological Levels - Bitcoin, Indices, ForexThis got removed so I'm publishing it again.
What it is:
- This script draws in levels refereed to as bank levels. They are basically psychological/even numbers(40000, 45000, 150, 1850..)
Why doesn't it work on some charts?
- Each pair has a different tick value. You will have to edit the code to make it work on certain pairs. It's pretty simple, take a look.
Trend Key PointsEach trend has its high and low key points that are important in the next prices. Sometimes it's hard to find out the keys with a naked eye, so I tried to code a simple indicator to marking these points also, as a bonus, to draw support and resistance lines from previous critical pivot points.
Let me explain the details with a downtrend. If we consider the previous trend, each downtrend starts with a HH and end with a LL. There are always many tries between that HH and LL to turn the trend up. This indicator counts that inner attempts. The higher the number of attempts, the more important move has been started from the beginning (HH). These numbers take their final form when the trend ends and are included in the label at the beginning of each trend.
Key points with 3 and more inner tries are consider as critical point by default but It's alterable and you can change it as you want. The indicator draws lines from critical points too, so you can use that lines as support and resistance in next candles.
Likewise, there are marks below inner LLs and above inner HHs.
This indicator idea is entirely my own and is a product I've really thought about, AND you have allowed to use and share it anywhere to anyone. I did my best to make it useful, even so I am open to any improvement. If you have an idea or a suggestion, don't forget to leave a comment.
Key Levels by RifeMy take on Key Levels script that plots:
- Daily Open
- Weekly Open
- Monthly Open
- Day of Week Range (i.e. Monday Range)
- Initial Balance
Open levels are not visible on higher time frames, such as Daily Open is not visible on Weekly Open nor Monthly Open.
Initial Balance is not visible on the following timeframes: 2H, 4H, 6H, 8H, 1D, 1W and 1M. All other time frames will show it.
NSDT Daily Key LevelsSimple script to show key levels of current day and previous day. Labels can be turned on and off as needed. Line colors, thickness and style can be changed. Modified the "M/W/D Level" script from paaax. Credit for original code goes to him. Link to script and profile posted in code of this script.
ZFDB4.V10its a simple indicator which will automatically plot out the following
Previous day's - open
previous week's - high, low, open and close
previous month's - high, low, open and close
it will also separate the days in the week ahead ( not behind)
the idea of this indicator is to help you be AWARE of key levels that you might miss while being on lower time frames and also help you to think forward instead of backwards.
there are indicators already built on tradingview that plots these levels.
this indicator is inspired by "BartholomewJ - Killzones" & "Airscape - Days of week"
Cheers guys!
Hope it can help you!
Kilted Round NumbersKILTED ROUND NUMBERS v1.0
Description: This is a simple indicator that calls out the psychological round numbers that the market gravitates towards. Lines in BLUE are SUPPORT as they will be below the current price and lines in RED are above the current price and represent resistance.
This should assist traders with key levels that once drawn assist the eye with seeing those key levels and how price reacts to the respective levels.
SETTINGS AND EXPLANATION
General Settings
- Kilted Round Numbers Main Levels – This will highlight the main levels above and below the current price
- Kilted Round Numbers Sub Levels – This will highlight the number of levels you want to see within the main levels
- Only Show Dane Sub Levels – This feature is a work in progress and will highlight certain levels only as part of a separate strategy and will be available in due course in v2.0
If you need access to any of our indicators please use the link below to obtain access to this indicator or send us a private message on trading view.
ZenTrading MTFA Support & Resistance Day/Swing_BETAThis is a multiple timeframe analysis indicator for the day trading and swing trading timeframes (4HR downwards).
The pink dots indicate support/resistance levels. Current levels as well as past levels are relevant.
This is a beta testing version of the indicator, there may be some minor issues, so use at your own risk.
If you have any questions feel free to contact me