This indicator can be used to display support and resistance levels in accordance with Malaysian SnR , in which Support and Resistance are not areas in a chart but clear levels of a line chart. The term line chart refers the current chart in Tradingview as type Line (not Candles) with it's peaks and valleys.
There are 3 different horizontal levels in Malaysian...
The Targets For Many Indicators is a useful utility tool able to display targets for many built-in indicators as well as external indicators. Targets can be set for specific user-set conditions between two series of values, with the script being able to display targets for two different user-set conditions.
Alerts are included for the occurrence of a new target...
📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's...
This indicator provides a new approach to creating price zones that can be used as support and resistance. The approach does not use pivot points or Fibonacci levels. Instead, it uses the frequency of occurence of local maxima and minima to determine zones of interest where price often changed direction.
The algorithm is as follows:
- Gather price data from the...
The Monthly Range Support & Resistance Levels is an advanced analytical tool designed to assess monthly price movements and provide potential support and resistance levels.
This tool examines the average monthly price fluctuations over the past 7 months (default), and creates support and resistance levels based on the opening price.
The indicator also considers...
Use this code to stop support and resistance
This can be used with the momentum indicators that I have to see if we are likely to breakout or get rejected
Indicator Settings:
The indicator is titled "Support/Resistance | Breaks & Bounces" and is set to overlay on the price chart.
max_lines_count is set to 500, indicating the maximum number of support/resistance...
This Indicator Identifies and draws the support and resistance Zones On the Chart
🔶Overview
The support and resistance indicator is a technical indicator that will plot the support zone and resistance zone on the candlestick chart. It determines the price touches to find the strong support resistance zones.
The support and resistance indicator is the most...
Weekly Range Support & Resistance Levels
Description:
The Weekly Range Support & Resistance Levels analyzes weekly ranges and takes the average range of the last 30 weeks (default setting).
It also takes the average +/- a standard deviation, and creates support & resistance levels/zones based on the weekly opening price.
The levels will update each week,...
The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels.
This indicator uses visible range functionality, whereas if you adjust your chart to show previous price...
Psychological levels (Bank levels) plots the closest "round" price levels above and below current price, based on neuroscience research of how humans intuitively calculate in logarithms.
Psychological levels, also called bank levels, are "round" price numbers, by truncating after the nth leftmost digits, around which price often experience resistance or support,...
Support & Resistance drawn based on overbought & oversold RSI . where the overbought acts as resistance and oversold acts as support.
It has 2 levels (for support and resistance - i call them level_n_high or level_n_low) for each lookback period. it checks the highest pivot and the lowest pivot based on the lookback period then we compare if rsi is higher than...
Overview
This script, named "ALEX TRADING STRATEGY", is a technical trading strategy designed for new investing groups. It uses a combination of various technical indicators to identify potential buying and selling opportunities in the market. The script includes the Relative Strength Index (RSI), Simple Moving Averages (SMA), Exponential Moving Averages (EMA),...
Hello Trader,
This indicator is draw Support & Resistance Level based on RSI Calculation, It will help you to find Support and Resistance very Easily.
Red Color Line - Resistance
Green Color Line - Support
RSI comes up from the OS region. So it's good time to do the calculation with.
- Find out the lowest RSI value from the RSI array
- Get the corresponding...
Psychological levels (Bank levels) plots "round" price levels above and below current price, by truncating after the nth leftmost digits, based on neuroscience research of how humans intuitively calculate in logarithms.
Psychological levels, also called bank levels, are "round" price numbers around which price often experience resistance or support, because...
Psychological levels (Bank levels) plots the price levels by truncating after the nth leftmost digits, as it appears the humain brain tends to intuitively calculate in log/zipf.
Contrary to other similar scripts, this one uses a mathematical calculation that extracts the 1, 2 or 3 leftmost digits and calculate the previous and next level by...
A channel is where the price action travels between two rectangular boxes. The Purple box line is treated as resistance and the Blue box line is treated as support.
Two Box Theory is a TradingView TM indicator that automatically locates and prints key support and resistance levels.
Its responsibility lies in its capacity to offer real-time visualisation to support...
This is a modification of the TradingView RSI with some of my favourite RSI features added.
This includes Divergence indicators. EMA with colour change on cross, Support and resistance lines and reverse RSI.
A reverse calc has also been added. This will allow you to input 3 different RSI values for a price prediction. This is good to use with the support and...
Copy/Paste Levels allows levels to be pasted onto your chart from a properly formatted source.
This tool streamlines the process of adding lines to your chart, and sharing lines from your chart.
More than one ticker at a time!
This indicator will only draw lines on charts it has values for!
This means you can input levels for every ticker you need all at once,...
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