Projected Support And Resistance [CC] — Indicator by cheatcountry

movingaverage trendanalysis supportandresistance support resistance_level support_level projection projected projectedrange project

Projected Support And Resistance is a custom indicator of mine loosely based on the work done by Ketan Asher (Stocks and Commodities Bonus Issue 2021 pgs 12-14) and generally speaking this does a pretty good job of telling you what the future behavior of the stock will be. As the lines widen apart, there will be either upward or downward momentum. Buy when the line turns green and sell when it turns red.

Let me know what other indicators you would like to see me publish!

I created the largest stock indicator library:
github.com/ooples/

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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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