informanerd

True Strong Classical Support/Resistance Levels

This script is based on the approach of filtering signals by checking higher timeframes.
So basically setting higher numbers in "Strength Of Levels" option, will make the indicator check for support and/or resistance levels in timeframes higher than the current.
Unfortunately, I was forced to still use inefficient built-in functions pivothigh() and pivotlow(). I hope they fix them up soon!
I'm looking for any opinion about the idea and if you like any of my scripts, anything you send means a lot to me.

This script is published for the third time because of some moderators absurd behavior.
But thank heavens, the code is now more clean and of course the option "Strength Of Levels" accepts float numbers.
發布通知: Major Update!
I replaced Pine Script built-in pivot functions with my own codes which lead to:

- Better adjustment of levels to wicks
- Different colored levels based on their reactions till now (Green: Just Support, Red: Just Resistance, Blue: Probably Both)
- Combining of nearby levels to avoid congestion on chart
- Ability to highlight even stronger (combined) levels

So check new options and send me your thoughts.
發布通知: Small coding tweaks!
發布通知: Count of levels on the chart has been increased.
發布通知: Major Update!

Finally Pine Script added support for lines to arrays and made me to update some of my scripts like this one. So:
- Now user could define the count of most recent detected levels to be drawn on the chart
- Levels detection now works better than before
- Many levels which would be lost because of the language limitations are now fully present on the chart

Good Luck!
開源腳本

秉持真正的TradingView精神,該腳本的作者將其開源發佈,因此交易者可以理解和驗證它。為作者加油!您可以免費使用它,但是在發佈中重複使用此程式碼受網站規則的約束。您可以把它加入到常用以在圖表上使用它。

想在圖表上使用此腳本?

評論

Simple and neat, thanks.
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@wbto, You are welcome.
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Hello Sir, can this script be used in any assets or only for forex trading?
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informanerd abharisali
@abharisali, Hey, I don't see why you could not! Feel free to use it on your asset and check if there is a problem.
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