NorthStarDayTrading

NSDT Auto Support / Resistance Levels

Simple script that automatically plots support and resistance lines based on the pivot points of the number of candles you choose to look back upon.

All options are editable.
Versionshinweise: Updated script to plot the resistance line at the high of the pivot candle and the support line at the low of the pivot candle.
Versionshinweise: Added 2 additional levels of support and resistance. You can adjust the how many candles to "look back" for each zone. Also added the ability to create alerts for zone/levels breakouts.
Open-source script

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.

Want to use this script on a chart?
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Kommentare

@NorthStarDayTrading What period would you recommend for 4h and daily?
+4 Antworten
NorthStarDayTrading mikiahroberson
@mikiahroberson, It depends on market sentiment at that time. Adjust until it looks good for the current timeframe and use from that point.
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It works. Great job and thanks.
+1 Antworten
@cukamalu, Thanks. Enjoy!
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Thank you
good job
+1 Antworten
@dxbyali, You're welcome!
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When i change the timeframe from 1D to 1Hr or 5 min the chart distorts and the price gap narrows. But if i dont use this script then the existing setup works perfectly. Is there something we can add to this script.
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NorthStarDayTrading vikasbansal4u
@vikasbansal4u, I'm not sure what you mean. Can you send a few screenshots to me through the private messaging please? Thanks.
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Hi, Have u created any Automatic Support cum resistance level. I mean when Support became Resistance Vice Versa ??
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@saumyabhatt, No, I have not. But you can probably use this one and adjust each of the three input lengths to get what you are looking for.
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