OPEN-SOURCE SCRIPT
30 Minute Buy/Sell with Support & Resistance - M
Pivot Lookback: Adjust the pivotLookback input to control how sensitive the support and resistance levels are. A higher value identifies stronger levels but fewer signals.
SuperTrend Multiplier: Fine-tune the multiplier for sensitivity to trends.
MACD/RSI Settings: Modify to suit different asset classes or timeframes.
Usage:
Trading with Support/Resistance:
Use the support and resistance levels as potential entry/exit points or stop-loss zones.
Look for confluence between signals and these levels for higher confidence trades.
Backtesting:
Use the TradingView strategy tester to evaluate performance on historical data.
Risk Management:
Incorporate appropriate stop-loss and take-profit strategies based on the levels.
SuperTrend Multiplier: Fine-tune the multiplier for sensitivity to trends.
MACD/RSI Settings: Modify to suit different asset classes or timeframes.
Usage:
Trading with Support/Resistance:
Use the support and resistance levels as potential entry/exit points or stop-loss zones.
Look for confluence between signals and these levels for higher confidence trades.
Backtesting:
Use the TradingView strategy tester to evaluate performance on historical data.
Risk Management:
Incorporate appropriate stop-loss and take-profit strategies based on the levels.
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