Here's the invite-only script of the week. The ALL-IN-ONE saga continues with another script. This time, I compiled a lot of algorithmic supports and resistances (S/R) - to be used with any indicators out there. Those S/R are universal and work with all asset classes (FOREX, CRYPTO, INDICES, STOCKS, COMMODITIES, ...) No one can predicts which S/R will stop a move - generally - the high timeframes S/R + the SMAs with a big input value - work as strong walls often forcing the candles to retrace a bit short-term.
At Today's post (October, 25th 2019 - 12 pm UTC-4), we see how useful they were, to identify how high BTC/USD could go before retracing.
I. 💎 SCRIPTS ACCESS 💎
1.🖐️ Access can only be requested through my website. 2.🖐️ My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here: Daveatt 3.🖐️ A tutorial article/video will be provided on those sub mentioned links + Tradingview 4.🖐️ You obviously can contact me directly for more information
II. 🔎 ALL-IN-ONE Supports and Resistances 🔎
You can display the algorithmic S/R, and/or pivots, (not finished yet) and the long terms levels. For the 3 types of S/R, I pre-selected those that I think are the most relevant and useful for everyone. Please let me know if you'd like me to add/remove some. All those listed by default are important and provide a MAP for a trader. They give great take profits zones, levels where it's better to wait for a pullback before entering.
The script is made using the newest version of Pinescript, and displaying small labels for every support/resistance. ✨ This will come in handy for mobile users - they'll get nice looking labels displayed at the right of their chart. [Second image from the Imgur link above]
Each S/R type have its own labels and label position. The script users can activate/deactivate them at will
Let's review quickly each one.
2.3 Algorithmic SMAs
I cherish, love, sometimes despite them, but they're very relevant for all asset classes. The tool displays as many relevant algorithmic and generic SMAs that I could think of. The indicator lists about 18 different SMAs in multiple timeframes.
2.4 Pivots
7 pivots are displayed (S1/S2/S3/P/R1/R2/R3)
You can choose one of 4 pivot point types:
- Traditional - Woodie - Fibonacci - Camarilla.
The fun doesn't stop here. You can also select a timeframe between Daily/Weekly/Monthly/Yearly for those pivots. For INDICES, for example, I use a lot the daily Traditional Pivots.
2.5 Long Terms Levels
Display by default the highest/lowest weekly/monthly/quarterly/monthly levels. The scripts user can chose to select the previous highest/lowest also.
If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or indicators. You only will judge and I'll appreciate all the questions and feedback you're sending my way. They helped me a ton for developing indicators based on all the requests I received.
May the force 💪 be with you all 🥳. Dave
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- Added members keys
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Fixed member features
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- Replaced the SMAs labels by plotshapes
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- Added alerts on Long Term levels breakout
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- Added another Algo S/R
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- Fixed an SMA
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- Added script versioning
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- Fixed the camarilla pivots - pivot labels now contain the timeframe info
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- Removed the emojis due to platform bug discovered Jan 29th
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Version 3.0 Fixed pivot yearly resolution
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- V3.6 added user keys
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V4.3 Added a new Moving Average
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V4.4 Added thickness input for the SMAs. Allows to change their thickness at once
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V4.5 - Pre-selected the most important S/Rs for the Algorithm Builder Frameworks
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V4.6 - Added thickness for Pivots
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V4.7 - Fixed the "max_bars_back" warning
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Version 4.8 Added alerts for whenever a pivot, SMA, long term level is being crossed over or under Create just 1 alert with the alert() function call option