donchain support&resistance levels [LM]

Hello Traders,

I would like to introduce you donchain support&resistance levels. The idea is to look for important levels that are identified by donchain line, where donchain usualy spents a lot of time without any move usualy turns out to be good level for bounces.

Also note that when there is a big spread between first line and second line it usually leads to some pullback.

Here you have an example of big spread:

You are also able to show donchain lines and not only horizontals this you can find in settings:

Enjoy!

發行說明

Added 2 new donchain settings by default 4h resolution

發行說明

version 5 update

lmatl

開源腳本

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。