SEA S/R Tracker v1.1

5. Mai 2021

This indicator utilizes my favorite support and resistance tools. Theres a full compliment of moving averages set to a common default, I prefer to use two for a fast/medium ema on price action and another 2 for daily ema levels. Theres vwap shifted channels that act very well as SR and trend analysis. Functioning similar to bollinger bands with less squeeze. The location of price action relative to the bands can be very informative, remaining above the white band in the upper channel shows strong uptrend and vice versa for the lower channel. Finally theres a full set of major horizontal SR levels set to previous D/W/M high/low and a previous D open, I often use previous closes instead of highs and lows. They are excellent for short term ranges or confirming direction by closing above or below a horizontal. Please let me know your thoughts Ill be adding and improving this one over time.

11. Mai 2021

Versionshinweise

5-11 updated to add Alert Conditions to closure beyond horizontal levels