Dereek69

Support Resistance IV Finder

Dereek69 Updated   
Useful to find Support/Resistance levels in chop markets.

Developed on 15min BTCUSD chart

On different timeframes/trading pairs it must be used and tweaked with EMA Slope and Inverse Volatility for optimal results

Scroll back on the chart to load older lines
Release Notes:
Useful to find Support/Resistance levels in chop markets.

Developed on 15min BTCUSD chart

On different timeframes/trading pairs it must be used and tweaked with EMA Slope and Inverse Volatility for optimal results

Scroll back on the chart to load older lines

The lines are filtered by half the EMA range (0.5%) to not clutter the chart
Release Notes:
Automatically adapts to the following timeframes:

30 min
45 min
1 hr (not so well)
4 hr
daily

Tested on BTCUSD

The use of Inverse Volatility and EMA slope is no longer needed in most situations

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.
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