[RS]Support and Resistance V0Support and Resistance using donchian channels to validate tops/bottoms
(note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel)
combo with other systems:
Levels
[RS]Murrey's Math Lines Channel V1EXPERIMENTAL:MML using a absolute deviation average oscilator, i think this gives better results then donchian channels.
color scheme for the bar color was ripped from UCS's MML oscilator :p thx.
[RS]Temporal Median Price V0EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
[RS]Temporal Extreme Spliter V0EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
[RS]Fractal Levels V1EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.
[RS]Open Price Levels V1EXPERIMENTAL: fixed some issues, found some more. doesnt work on unconventional resolutions ex:. 240minutes.
[RS]Session Open Price Levels V0EXPERIMENTAL: theres some issues, like not being able to read sidney's open bar on the start of the week, so use this cautiously :p
Market Effectivity area v1Cheap horizontal levels on chart
idea is: When spread is low and volume is high, then price is well accepted and will be retested in future. Areas without such "market efficiency" will be passed fast without stopping or rejected.
[RS]Absolute Levelsstudy is still in early phase of development and is a bit slow loading be patient.
Absolute levels based on historic highest high value and time frame. looking for feedback ;)
Cueing Off Support And Resistance Levels Cueing Off Support And Resistance Levels, by Thom Hartle
The related article is copyrighted material from Stocks & Commodities.