Support Resistance MTF

2020년 6월 18일

Hello Traders,


This is Support Resistance script that uses Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does NOT use Security function, instead it calculates them.

while choosing Higher Time Frame, you can use "Auto" option so it uses predefined Higher Time Frames, or you can choose the Higher Time Frame Manually from the list. options for HTF => 15mins, 30mins, 60mins, 120mins, 180mins, 240mins, 720mins, Day, Week, 2 Weeks, Months, 3 Months, 6 Months, 12 Months.

You have option to use High/Low or Close/Open values while calculating support resistance levels.

"Period for Highest/Lowest Bars" option is used as loopback period to check if it's Highest/lowest bars. smaller numbers = more sensitive result.

You have option for transparency and coloring of support/resistance levels/zone => Red, Lime, Blue, White, Black, Olive, Gray


An example for 15 min chart, 4hours selected as HTF


You can set transparency and colors as you wish:


You can choose Close/Open prices while calculating S/R levels instead of High/Low



Enjoy!

2020년 6월 20일

릴리즈 노트

"Extend Lines" option added. (user request)

2021년 9월 28일

릴리즈 노트

color option changed/improved and unnecessary parts removed
transp usage in fill() function removed

2021년 10월 4일

릴리즈 노트

updated