I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient. As the result it could do the followings for now: - Draw more strong classical resistance/support levels by checking previous direction changes of the chart as far as Pine technically allows - Colorize the levels based on the counted points of retracement/pullback (The darker the color is, the stronger the level is.) - Show the number of reactions to each level - Change the color of each level based on its main role as support, resistance or both - Draw close round levels to current price for Forex pairs
I suggest all users of my previous S/R indicators to try this one. Feel free to send me any issue or opinion!
how i use this do u have any video .. i want strong support and resistance area in different color
soy-vebeen
⋅
deleted
youssefk1981
⋅
Hello If possible, put a limit to show the lower limit on the support and resistance levels as input. For example, only numbers greater than 3 should be displayed because the number of lines is too high. And the second suggestion is to display only a certain range of support and resistance levels, for example, only 5 levels below and 5 levels above the current price, because the number of lines is too large. Thanks.
informanerd
⋅
@youssefk1981, These would take some effort and time and I'm very busy. Sorry!
youssefk1981
⋅
@informanerd, Hello informanerd I added some line codes to your indicator, it works. Can I use this indicator? Thanks
informanerd
⋅
@youssefk1981, Of course! Use my open sources as you wish.
Hi. When do the numbers change? If you print the relevant value next to the numbers and the percentage distance between the position of the price and the values, it will become more functionally qualified. Thank you for your contribution.