Support/Resistance (Rupprecht) — Indicator by rupps9800

Set the maximum data points to look back for a support resistance line, then set the pivot point threshold and your off to the races.

Very effective solution to have your support resistance points automatically show up on your chart. A good tip is to include 2 or 3 of this indicator on your chart with varying levels of degree for support and resistance categorized by color.

Best of luck :)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?