It works on longger swing than BB 20,2 band rage, and I think It works well.
even on the rapid price change, it quite woks well.
If price goes out of 1st S/R band range, 2nd S/R band shows up on the chart.
Because of large bandwidth, An area in which an actual candle is drawn may be displayed as small.
So, with some codework, I made the S/R band occupy only the area near the actual candle drawing area.
The S/R band value is calculated as a combination of donchian band, high/low, atr, etc.
and regular default setting value is fixed on the code level. you can change the color set.
For more information, please refer to the source code.
if you have any questions freely contact to me by message on tradingview, or telegram @sr_bt but please understand that responses may be quite late. ------------------------------------------------------------------------------------------------------------------------------------------- Special thanks to all of contributors of community. The script (originaly .b) may be freely distributed under the MIT license.
without a clear understanding of the house rules, Several indicators on the charts, it should be clean chart on publishing. So I am re-publishing as a new one, sorry about that.
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.