Pivot Support and Resistance Finder [JV] V2

14. Nov. 2020

Dear Traders,

This script is a follow-up to my previous Pivot Support and Resistance Finder.
After so many positive feedback, for which I thank you all, I started rebuilding it to implement some requested features.

The biggest change is that by default, the indicator now shows zones instead of lines.

• Support Zone: from low to close
  
• Resistance Zone: from close to high
  

I removed the 5 lines, instead showing the most recent levels and the forming (fast) levels.
However, if you change the occurrence in the options, you can still see previous levels:

• 0 = Current Level
  
• 1 = Previous Level
  
• 2 = Level before the Previous Level
  
• ...
  

More important configurable options:

• Pivot Length
  
• Pivot Quick Length (used to draw forming levels
  
• Option to draw using bar closes, wicks or both (area)
  
• Hide / Display to forming level
  
• Show past levels.
  

I hope this is clear enough.
For any questions, remarks, suggestions, feel free to contact me.

Happy Trading!

16. Nov. 2020

Versionshinweise

Added the option to choose the current or a higher time frame.
Changeable in the Settings Panel.