This script draws price levels corresponding to the highest price reached in overbought situations, and the lowest price reached in oversold situations, depending on the oscillator and the timeframe the user has configured.
These levels correspond, most of time, to good supports and resistances prices.
Price levels drawings can be based on the following...
If you trade Forex and Indices this indicator will help you identify Buying and Selling levels that Banks are interested in. These levels are displayed on all time frames. Colors of the lines can be customized.
I also added code to show two EMA's, just uncomment the code to show them. :-)
How to use this indicator.
Show Bank Zones - this...
Automatically draw Fibonacci Pivot levels based on the previous (day's, week's or month's)
Range ( High-Low ). The HLC3 is used as the default Pivot level.
Unlike the "Auto Fibonacci Levels", this variation does not update
Levels on current day even if the price goes past the R3/S3 levels.
Timeframes: 1D, 1W, 1M
Range = (High - Low) - From previous...
In the scrypt above, the SMA of Volume is taken as a basis and the Fibonacci levels are calculated.
This can be useful for analyzing the trend in accordance with changes in volume.
Any feedback is appreciated!
Good luck with your trading!
This indicator displays the market open and close price levels for the main trading sessions (Sydney, Tokyo, Frankfurt, London and New York). The Daily Line changes color depending on if price is trading above or below the level. Feel free to add or replace levels depending on your trading style and trading times.
Indicator for quickly identifying support and resistance levels. It is possible to use the parameter of the length of the upper and lower levels. The larger it is, the stronger the levels of the levels. The smaller it is, the less strong the levels are. It is possible to go back and turn off labels and lines. By default, the labels and lines are...
This indicator automatically plots the chosen timeframe's high, low, mid point and open. These levels on higher timeframes act as support and resistance levels on lower timeframes, helping find entries, stoploss and profit targets.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you...
LeveLeledc - Exhaustion levels (InSilico)
Method for zero confirmation support/resistance level detection using Leledc Exhaustion Bars
Study is extension/mod of glaz script ,its implementing simple but unorthodox use-case for "Leledc Exhaustion Bars"
The Peak Activity Levels indicator displays support and resistance levels from prices accompanied by significant volume. The indicator includes a histogram returning the frequency of closing prices falling between two parallel levels, each bin shows the number of bullish candles within the levels.
Length: Lookback for the detection of volume...
This shows and labels the highs and lows from the previous 4h, daily, weekly, monthly, quarterly and yearly session. By default it only shows weekly, monthly and yearly. It also has an option to use small labels (M vs Monthly High) to save your eyeballs. You may need to adjust your charts right hand margin to see them properly.
Everything is shown in very...
Thank you for sparing you time to read my indicator.
This indicator has been created as a suite of 3. This was to ensure that those with only the Free Trading View account could benefit (with their restriction to 3 indicators). Please ensure you install each indicator and read each indicator write up to fully understand what has tried to achieved.
A script that draws supply and demand zones based on the RSI indicator. For example if RSI is under 30 a supply zone is drawn on the chart and extended for as long as there isn't a new crossunder 30. Same goes for above 70. The threshold which by default is set to 30, which means 30 is added to 0 and subtracted from 100 to give us the classic 30/70 threshold on...
Simple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart.
Fibonacci Levels can be plotted using Lookback or manual Price input from the settings.
1. Lookback type - Candles
Determines the High and Low price of the user input number...
====== ABOUT THIS INDICATOR
- A simple but highly customisable display of previous higher time-frame
OHLC values, drawn using line.new and label.new. Nothing fancy but...
- Customised resolution input which excludes time frames lower than 1 hour
while extending the common higher reference inputs to include:
• 6, and 12 Hour
I wrote some Support/Resistance scripts before this. In this new script, I implemented the logic of the code from the scratch, so it's very different from my previous S/R indicators and I think it's more advanced, accurate and efficient.
As the result it could do the followings for now:
- Draw more strong classical resistance/support levels by checking previous...
Support and Resistance Levels augmanted and reprocessed
This is an augmented version of my earlier script that can be found here:
This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering...
today I'd like to share a script, which enables you to use external logic to plot levels on your chart.
How does it work?
The concept is based on two scripts. One script, which uses an external input as a trigger to print a new level and one script that calculates an output, which will be fetched.
Sounds complicated? It really is not! Let's...