Support and Resistance — Indicator by veryfid

supportandresistance linearregression sar support fib fibonacci retracement fibonacciretracement lines

This indicator shows three types of support and resistance lines: Horizontal, Parallel (using linear regression) and Fibonacci Retracement. Lines can be adjusted or turned on and off in settings. A great tool for setting up entries, exits and locating pivot points.

Release Notes:

Added:
New options to extend horizontal and parallel lines left.
Extra Fibonacci lines (Can be modified and turned on in settings)

Here is new default configuration.

All the Fibonacci lines turned on and other lines turned off.

All lines turned on and extended.

Release Notes:

Minor update. Added an option to hide Fibonacci lines and also added an option to draw a SMA 200 line.

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.

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