In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
Versionshinweise: Updated to Pinescript V4 and added the ability to select the timeframe for support and resistance levels. Default is 15 min levels.
Versionshinweise: Updated script with the ability to extend lines to the right and added the ability to add an alert when a new SR level is created. Setting higher timeframe levels now scales the chart correctly. It is recommended to set the timeframe on "Same as Symbol". The best way to add price alerts are to click on the chart at the level and manually add the price alert. Extending lines manually also works well by dropping a horizontal line at the level if you want to continue to monitor that level after the line ends.
Versionshinweise: Fixed issue with repainting when viewing higher timeframe levels.
Versionshinweise: Fixed zoom issue
Versionshinweise: Chart zoom adjustment
Versionshinweise: Updated with line color change options. Higher timeframe levels has been moved from alpha to beta testing for with trend breakout levels.
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