Experimental Indicator
I've been experimenting with Pine script to make a support resistance indicator.
Essentially, we have a positive divergence on the 45 minute chart with both finding support in my lower support bands. I'm expecting us to find with resistance in either the yellow or green band, preferably the yellow. We will probably fall short of $12 and then we're headed for a retracement around $8.50 - $9 which was a major consolidation zone previously.
Essentially, we have a positive divergence on the 45 minute chart with both finding support in my lower support bands. I'm expecting us to find with resistance in either the yellow or green band, preferably the yellow. We will probably fall short of $12 and then we're headed for a retracement around $8.50 - $9 which was a major consolidation zone previously.