RicardoSantos

[RS]Support and Resistance V0

Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)

combo with other systems:
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
study("[RS]Support and Resistance V0", overlay=true)
window1 = input(title='lookback window 1:', type=integer, defval=8)
window2 = input(title='lookback window 2:', type=integer, defval=21)

top1 = valuewhen(high >= highest(high, window1), high, 0)
bot1 = valuewhen(low <= lowest(low, window1), low, 0)
top2 = valuewhen(high >= highest(high, window2), high, 0)
bot2 = valuewhen(low <= lowest(low, window2), low, 0)

t1 = plot(top1, color=top1 != top1[1] ? na : black)
b1 = plot(bot1, color=bot1 != bot1[1] ? na : black)
t2 = plot(top2, color=top2 != top2[1] ? na : black)
b2 = plot(bot2, color=bot2 != bot2[1] ? na : black)

fill(t1, t2, color=orange, transp=80)
fill(b1, b2, color=olive, transp=80)
can i acces on the your strategy ?
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Não entendi o que significa as areas que se formam vermelhas e verdes....
+1 응답
Is there anyway I could get a copy of this script??? I love it!
+6 응답
This indicator draws the levels to the highest points. This is not a panacea. But this one draws true levels:
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Hello Ricardo

Great indicator, however is there a chance to put indicators when the price touches the S/R lines like an up or down arrow. I use this indicator with an over sold and over bought indicator and they work very well.
+12 응답
puilli Robbins2
@Robbins2, With what indicators complements this?
+9 응답
response to question on private chat, leaving it here for others:
Hey man,

I noticed your "(RS) support and resistance V0" indicator and it's seems to work well.
Any chance to get an extra explanation about it? What is the meaning of the colors? Which lines exactly should I regard?

Thanks in advance,
Roee

basicly its nitpicking tops and bottoms, due to its psychological effect this areas become zones of greater attention by traders having higher impact then normally(this said support and resistance of any type is a virtual affector as is impossible to determine how price will trully react to any particular level with 100% certainty due to technical and/or fundamental reasons).
in the indicator the last line is the last valid top this doesnt mean previous untested levels may be discarded.
the colors are a illustration of bearish/bullish pressure.
+43 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 하우스룰(내부규정) 모더레이터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 도움 받기 기능 개발/개선 요청 블로그 & 뉴스 잦은물음 위키 트위터
프로화일 프로화일설정 계정 및 빌링 도움 받기 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃