Support and resistance zones are used across all markets by traders and bots alike to identify liquidity and possible bounce areas. This script automates the drawing of those zones based on a number of variables, such as lookback period, channel width, number of touch confirmations and more.
This script also implements a some useful alerts so you can rest easy until the market hits a point of interest:
Enter SR Zone
Exit SR Zone
Break Upper Resistance
Break Lower Resistance
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Fix max_bars_back study error on higher timeframes
Congratulation for your dev.
I developed a lot of pine script and my next must have been this one.
You work is very helpful!!
Zone is one of the most important indicator than all traders must use.
Thank you a lot !!!!
I developed a lot of pine script and my next must have been this one.
You work is very helpful!!
Zone is one of the most important indicator than all traders must use.
Thank you a lot !!!!