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inno14

Pivots Support Resistance Zone

inno14  
Pivot Points pivot
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pivotpoints pivot
This simple script base on function of Pivot High Low to plot Support and Resistance Zone on chart with detail as below:
1. Support Zone
+ New Pivot Low is plotted
+ New Pivot Low lower previous Pivot Low
+ Upper Line of Support Zone is previous Pivot Low
+ Lower Line of Support Zone is new Pivot Low
2. Resistance Zone
+ New Pivot High is plotted
+ New Pivot High higher previous Pivot High
+ Upper Line of Resistance Zone is new Pivot High
+ Lower Line of Resistance Zone is previous Pivot High
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

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