Multi Timeframe Support & Resistance

About This Indicator
This indicator plots support (pivot low) and resistance (pivot high) using the chart timeframe and second editable timeframe.

How it can be useful
Having higher timeframe support and resistance plotted on a lower timeframe chart helps keep you grounded in the current range the price is in. This can be useful when wanting to avoid taking longs at resistance and shorts at support.

How to use
Adjusting the look back and look ahead will impact how frequently the support and resistance lines move. When Price breaks above resistance or below support, the lines will not move until a new pivot high and pivot low are detected.

Disclaimer: Not Financial Advice

릴리즈 노트

You can now select both timeframes instead of being locked to the chart timeframe for the first timeframe. Added labels too.

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.