informanerd

True Strong Classical Support/Resistance Levels

This script is based on the approach of filtering signals by checking higher timeframes.
So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current.
Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I hope they fix them up soon!
I'm looking for any opinion about the idea and if you like any of my scripts, anything you send means a lot to me.

This script is published for the third time because of some moderators absurd behavior.
But thank heavens, the code is now more clean and of course the option "Strength Of Levels" accepts float numbers.
Versionshinweise: Major Update!
I replaced Pine Script built-in pivot functions with my own codes which lead to:

- Better adjustment of levels to wicks
- Different colored levels based on their reactions till now (Green: Just Support, Red: Just Resistance, Blue: Probably Both)
- Combining of nearby levels to avoid congestion on chart
- Ability to highlight even stronger (combined) levels

So check new options and send me your thoughts.
Versionshinweise: Small coding tweaks!
Versionshinweise: Count of levels on the chart has been increased.
Versionshinweise: Major Update!

Finally Pine Script added support for lines to arrays and made me to update some of my scripts like this one. So:
- Now user could define the count of most recent detected levels to be drawn on the chart
- Levels detection now works better than before
- Many levels which would be lost because of the language limitations are now fully present on the chart

Good Luck!
Von Favorisierten Skripten entfernen Add to favorite indicators

Kommentare

Hello Sir, can this script be used in any assets or only for forex trading?
Antworten
informanerd abharisali
@abharisali, Hey, I don't see why you could not! Feel free to use it on your asset and check if there is a problem.
Antworten
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Einen Freund empfehlen Hausregeln Hilfe Center Webseite & Brokerlösungen Widgets Charting Lösungen Lightweight Charting Library Blog & News Twitter
Profil Profileinstellungen Konto und Abrechnung Angeworbene Freunde Coins Meine Support Tickets Hilfe Center Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden