Displays recent higher and lower lows. In it's simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support levels. Makes current trends more visible. Excellent as a trailing stop algorithm. Can be used with its sibling: Local Limit Upper
Plots support and resistance levels based on occurrence of fractals. Line width indicates historical significance of the level. Decreasing the proximity multiplier input increases the sensitivity/ increases the frequency of level changes. If price closes above a resistance level, the level becomes a support level and its color on the chart changes to green...
Hello Traders, I would like to introduce you zigzag support&resistance levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where...
1. Current monthly, weekly and daily open 2. last week's high and last week's low 3. current monthly, weekly and daily highs/lows
The indicator plots the OHLC levels of both trading sessions of the day before: the overnight session and the Regular Trading Hours.
Here we have 2x Codes Together. A) Volume-based S/R Levels >>> Credits for the creator @wugamlo B) Support Resistance Diagonal >>> Credits fo the creator @pikusov I Just mix them in one code. This indicators are the best ones in tradingview to confirm Supports and Resistances. it's a good way to help us to check the trend and gives an idea to get in or get...
Bitcoin 🔥 Bulls & Bears 🔥 v1.0 This free-of-charge BTC market analysis indicator helps you better understand what's going with Bitcoin from a high-level perspective. At a glance, it will give you an immediate understanding of Bitcoin’s historic price channel dating back to 2011, past and current market cycles, as well as current key support levels. Usage Use...
This script automatically plots support and resistance lines using the fib numbers as the amount of candles to lookback. Each line is colored differently to easily identify the support/resistance pair (i.e. 23%, 38%, 61%, etc..) with the 50% (Green) and 78% (Red) a thicker line. All variables are editable. Added alert capability.
Credits to Ripster47 5-12 ema cloud 34-50 ema cloud 72-89 ema cloud 1H is actually very important on swings + Daily/Weekly Level 5-12 EMA clouds on 1H Tell Trend 34-50 EMA clouds on 1H act as Dynamic Trendlines 72-89 EMA clouds on 3min acts as Dynamic Trendlines
Hello Traders, This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it. You can set ZigZag Period and Resolution...
Beacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to...
Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis █ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction. A support level is a price...
Can be used to find the direction of a trend Determination of support and resistance levels In combination, it can assess the short and long term Main functions Trend Short Perspective - Shows the trend at short distances. Main Market Trend - Reflects the main market trend, can be used as a signal. Intermediate Moving Average - Typically the last support line in...
- Based on Coach AK formula of determining collection area of retracement stock. - If price below collection area, collect in tranches.
PMA (Pivot Moving average) is a set of 3 EMAs on HLC3 data. When all PMAs are rising, market is considered bullish and the color of PMA becomes green. When all PMAs are falling, market is considered bearish and the color of the PMA becomes red. Otherwise, market is considered ranging and the color becomes orange. It's also possible to set the resolution of...
Calculates fast and slow moving averages of lengths(inputs= 'n_fast', 'n_slow'). Plots the price level of the most recent cross. If bullish cross (fast crosses up over slow), color = green, and color=red if cross was bearish.