Another script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to...
English: Indicator for quickly identifying support and resistance levels. It is possible to use the parameter of the length of the upper and lower levels. The larger it is, the stronger the levels of the levels. The smaller it is, the less strong the levels are. It is possible to go back and turn off labels and lines. By default, the labels and lines are...
Library "SupportResitanceAndTrend" Contains utilities for finding key levels of support, resistance and direction of trend. superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars. Parameters: multiple : The multiple to apply to the...
This 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...
This indicator uses Stochastic RSI+ as a means to determine overbought and oversold conditions which subsequently define recent support and resistance levels.
Vision Reversal Zones is our twist on Fibonacci Retracements to help identify areas of possible retracement. It's important to understand that in real-time the retracement levels of the past are not to be mistaken as retracement levels of the future. The goal is to provide yourself with an idea of general ranges you could potentially expect a retracement based on...
Analyzing price movements for a few years taught me one thing - markets always reverse bouncing off some horizontal Support/Resistance level. The only exception to this rule is when market pops new ATH (All Time High), which certainly happened in so-called "price discovery" run - this asset has never been in this space before, so no Support/Resistance could have...
An Order Block is a special type of pivot point that satisfies the following requirement: A Bull/Bear candle followed by X consecutive candles in the opposite direction. Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels. Often, you can see explosive price rejection of these areas via long wicks,...
This algorithm quantifies the amount of pressure applied by support and resistance and helps confirm trend initiation as levels, relative to horizontal supports and resistances are broken. Look for spread in the red and green lines A low spread will usually indicate a rangebound stock as it is pressured on both sides equally by resistance and support A...
The CK family is ready to welcome a new indicator: CryptoKiller Support Resistance. Our oscillator determines the levels where the price has congestion, both up and down. This is why we decided to exploit these signals so as to make an indicator capable of tracking supports and resistances. The indicator marks the support and resistance levels found by...
This indicator mimics the functionality of marked highs/lows in MarketSmith, a charting tool available from Investor's Business Daily. Marked highs/lows, sometimes referred to as pivot highs/lows, can be used to locate areas of support and resistance. These same points can also be helpful when drawing trendlines and channels. I've added several customization...
BT-Astrology Indicator is fine tuned indicator to calculate and draw daly support and resistance based on Gann level for intraday trade or swing trade. The original Idea is given by Mr. Alex from Badshai Trading; I am a Software Developer by profession so that I just coded it and add some signals for back testing. I also add following Indicator for better...
This script is a custom volume indicator with additional features. But why is this useful? The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs". Hover your mouse cursor over the labels to see more details. These parameters are widely used in technical analysis. If traders want to...
The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This indicator uses that range in conjunction with Fibonacci ratios to create zones centered on the day's open that tends to act as areas of support and resistance. The thicker White lines are the ADR levels; all other lines are the...
The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This range is is overlaid and centered on the day's open, and tends to act as areas of support and resistance . This indicator provides two aggregation periods, creating a range that represents volatility in the ADR; a wider spread...
Simple but very effective script that finds areas of support and resistance through ticks exchange. Only works with CFDs (You must enter in the settings the value corresponding to the CFD, example: US500 = 500, DAX30 = 30, FRANCE40 = 40 etc ...) As usual, if you have any suggestions or bug reports don't hesitate. Cheers
Yet another trailing stop loss script, using optional percentage or atr values to follow the last price. Green area: bullish , long Red area: bearish, short IZCI means trailing in Turkish. If you find it usefull, please like it. Good Luck :)
The frame has been put together to show greatly enhanced accuracy of support and resistance. Forget using open, high, low, close data for your S&R. This frame is built off e = 2.71828 and its multiples. The particularly important levels are yellow instead of blue and are to be given more attention when price is between a blue and yellow. Look for institutional...