This script will figure out if we're currently in an uptrend or downtrend and will plot price targets automatically.
-Blue price lines are likely soft stops (not always).
-Green price lines indicates we're currently in an uptrend for that timeframe and provides some hard stop resistances.
-Red price lines indicates we're currently in a downtrend for that timeframe and provides some hard stop supports.
-Blue price lines are likely soft stops (not always).
-Green price lines indicates we're currently in an uptrend for that timeframe and provides some hard stop resistances.
-Red price lines indicates we're currently in a downtrend for that timeframe and provides some hard stop supports.
Versionshinweise:
Updated logic
Versionshinweise:
Added ability to toggle "soft" and "hard" target levels on and off.
Versionshinweise:
Added new logic
Versionshinweise:
Updated logic to reduce lag when painting new target lines.
Versionshinweise:
Updated colour
Versionshinweise:
v3 - Updated logic for S/R
Versionshinweise:
Added trendlines and reworked logic