RMB - High and Low

2024년 1월 12일

Description:

Introducing the "RMB - High and Low" indicator, a versatile and powerful tool designed for traders who seek a comprehensive view of the market across multiple time frames. This indicator is tailored to identify and display key support and resistance levels, adapting to your chosen time frame - from as short as 15 minutes to as long as a week.

Key Features:

1. Multi-Time Frame Flexibility: Easily switch between 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, daily, and weekly time frames to align with your trading strategy and market analysis.
   
2. Dynamic Support and Resistance Levels: The indicator plots the highest high (resistance) and the lowest low (support) for the selected time frame, providing real-time insights into market behavior and potential pivot points.
   
3. Time Frame-Specific Labels: Each resistance and support line is labeled with the corresponding time frame, offering a clear and immediate reference, enhancing your chart analysis and decision-making process.
   
4. User-Friendly Interface: A simple and intuitive input interface allows for quick adjustments, making it easy to toggle between different time frames based on your trading needs.
   
5. Visual Clarity: Designed with distinct color coding - green for resistance and red for support - ensuring that key levels are easily identifiable at a glance.
   

Ideal Use Cases:

• Day Trading: Utilize shorter time frames to capture quick market movements and identify intraday pivot points.
  
• Swing Trading: Leverage longer time frames to understand broader market trends and establish entry and exit points.
  
• Diverse Strategies: Whether you're scalping, trend following, or employing mean reversion tactics, adapt the indicator to fit your unique approach.
  

Conclusion:

The "RMB - High and Low" indicator is a must-have tool for traders who demand flexibility and precision in their technical analysis. By offering insights across various time frames, this indicator empowers you to make well-informed decisions, adapt to market changes swiftly, and enhance your trading performance.

2024년 1월 30일

릴리즈 노트

This TradingView script, titled "RMB - High and Low," is designed to plot the highest high (resistance) and lowest low (support) levels for a user-selected time frame on the chart. It also adds lines connecting these levels and labels displaying the selected time frame.

Functionality: The script effectively allows users to visualize key support and resistance levels for different time frames, which is valuable for various trading strategies.

User-Friendliness: The input option for selecting the time frame and clear labeling of resistance and support lines make the script user-friendly.

Customization: The script provides lines connecting support and resistance levels, which can be visually helpful for traders.

2024년 4월 5일

릴리즈 노트

I added the option to show the High and Low as a line.
You can set the lines of the H and L on different timeframes individually.
Try to only show the new line without showing the candle sticks.
You can turn the lines on and off.

2024년 4월 7일

릴리즈 노트

Fixed some minor bugs.