OPEN-SOURCE SCRIPT

Absorbing System Support and Resistance

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Hello Traders :)
I am Only Fibonacci.


My purpose in coding this indicator was to detect support and resistance more easily.

What is the working principle of this indicator?
This tool detects pivot points.
If the length of the sell pin is higher than the length of the buy pin, it is considered as resistance.
It detects the formation according to the length of the pivot point and draws a line until this level is broken.

Snapshot

The main purpose is to add a new perspective to support and resistance detection and to prepare an educational code sequence.

The codes are open to everyone, you can develop as you wish.
In the settings you can choose whether you want to see the breakdowns, you can also choose whether the breakdowns will be with the wicks or the body.



It is written in a functional way.
If you call "RES" inside the func method, it draws the resistors. If you throw a call other than "RES" it draws the supports.
The main concept here;
"RES" = Resistance
"SUP" = Support

Versionshinweise
Box added.
If the box option is active, lines are removed.
Boxes and lines cannot be drawn at the same time.
educationalPivot PointsPivot points and levels

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


AlgoTrade sevdası.
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