Support and Resistance prices are the previous points of highs and lows in the price. The market tends to stick around in price regions and directional trends. Using these price points one can wait and take the following decisions:
- when the price reaches the support point, they can take a long position if they observe the price staying in the price range and...
This indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
After reviewing all feedback and questions I got from the users of my previously published script (Kitsune Indicator Collection), I decided to publish a new one which is easier to interpret and use. Therefore the script is as clean as possible thereby minimizing visual clutter (or at least I tried ).
This script is an evolution of my precious script and is still...
Richard Donchian created Donchian Channels, which is a type of moving average indicator and a look-alike of other support and resistance trading indicators like Bollinger Bands.
Donchian Channels has a simple plotting of highest high and lowest low of the last “n” periods.
The “n” periods is based on the trader’s choice, who can select the period according to...
Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here.
Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ).
When the fractals are aligned to become support,
we will have the EMA in the graph with a bright...
The indicator display the supports and resistances available. Breakout also are reported in case that not exists at least three resistances.
Does print lines and labels with each identified data (S, R and BO).
This indicator shows long term support and resistance levels that combine monthly time frame and selected time frame. For example, If you select 4h time frame, this indicator shows supports and resistances for 4h and also 1 month time frame.
Orange dashed line: Lowest low level for selected time frame in 377 bars.
Orange line: It shows pivot low levels based on...
The Dynamical Support and Resistance Indicator finds support and resistance levels.
The plot is price relative: if the indicator nears one of its supports or resistances then the price is likewise nearing a support.
The levels are dynamical: once a support or resistance is broken, a new calculation is performed.
There are 3 supports and 3 resistances each...
"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals.
What does the script do?
Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings.
Plots Fibonacci retracement levels between...
This is Dynamic Support / Resistance script.
How it Works?
It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the...
MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting.
The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting.
Here is my take on BB and MTF, based on the most excellent work of
"PineCoders" (MTF Selection Framework functions)!
The big advantage is that on 1 image you can easily see where
price is compared to 5 or less BB Bands (each of different Time Frames).
This gives a lot of Support and Resistance...
** USE AT YOUR OWN RISK ***
Bigchief Variable Moving Average Resistance and Support Script
The variable moving average is equivalent to roughly half the exponential moving average ( EMA ) value. Here's a script that puts four on the chart for you.
NOTE: This indicator gives the trading signal by changing the background color at the default settings, and all...
Your Own Risk
Moving Average Ribbon Support and resistance script
Try this one on for size. I use it on the 4hr and have been flicking through some alts. Red crossing Purple can be a good signal.
1. Previous daily Support and resistance levels ( Not showing on chart - Needs to be used on lower tf )
2. Previous Weekly Support and resistance levels
Blue circles = Weekly Support
Yellow circles = Weekly resistance
This setting is currently set to "0 days" so when you open the script it wont show.
On chart previous weekly is set to "10...
1. Two different support and resistance levels. One that focuses on price action and one for wicks. (Wicks needs to be turned on)
3. 20 ema trendfollowing. Bars change color. when price is over/under ema.
4. Bar color levels also work with rsi levels. Currently set to 0-100. If you only want bars to change color when the rsi is overbough/oversold. simply just...