Support & Resistance Zones [SHK] — Indicator by shayankm

pivotpoints supportandresistance support resistence supportresistace

Support & Resistance Zones clearly draws some useful S\R zones for you.

Important notes:

It's not bulletproof and unmistakable but it may be so useful to get some strong zones. You may get false or missed levels, So always check for other levels.
Always draw the continuation of previous levels by hand. It's a must! I didn't continue the zones to keep your charts clear.
The lagging is zero. Unlike many similar scripts.
Just compare the results to another support and resistance tools :)

Feel free to share your ideas about this script.

Release Notes:

New option: different timeframe S\R zones.

Release Notes:

Minor modifications

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

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