I merged some of my previous written indicators, because a combination of multi-timeframe Bollinger Bands, RE RSI and Resistance/Support levels could help a lot. Don't forget to add my other useful indicator (Classical SnR) to the chart to maximize your profit!
If you search the internet, you won't find much about these types of resistance and support levels. Hidden levels are SnR levels calculated based on some psychological patterns and sometimes it's unbelievable that the chart responds to these levels. So use the indicator and check the idea.
This indicator shows classical resistance and support levels which retraced the chart lately. Notice that the condensed lines laying close together are showing an area of support and/or resistance. But after all, it was a tedious work creating this indicator because like I've already said, pine script is a very odd and weak language which does not have many...
The Black Hawk Trend indicator uses data from sources (such as EMAs, RSI, Stochs) to derive a trend direction. This indicator contains a pivot line that turns green when there is a buy position (lower bar) and it turns red when there is an active sell position (upper bar). When there is a buy/sell signal, this does not mean buy immediately at this point, but...
Support and Resistance prices are the previous points of highs and lows in the price. The market tends to stick around in price regions and directional trends. Using these price points one can wait and take the following decisions: - when the price reaches the support point, they can take a long position if they observe the price staying in the price range and...
This indicator marks the resistances and supports of the post, pre and market sessions of the previous day projecting up to the market of the day, also it marks the hours of these three markets allowing to identify the beginning and end of the sessions in London, Hong Kong, and America.
Richard Donchian created Donchian Channels, which is a type of moving average indicator and a look-alike of other support and resistance trading indicators like Bollinger Bands. Donchian Channels has a simple plotting of highest high and lowest low of the last “n” periods. The “n” periods is based on the trader’s choice, who can select the period according to...
Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here. Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ). When the fractals are aligned to become support, we will have the EMA in the graph with a bright...
The indicator display the supports and resistances available. Breakout also are reported in case that not exists at least three resistances. Does print lines and labels with each identified data (S, R and BO).
"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals. What does the script do? Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings. Plots Fibonacci retracement levels...
MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting. The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting. MTPSR...
This will let trader see Daily and Weekly Pivot points with R/S5. Daily Pivot point line --> Orange Color Daily R1-5 ---> Black circles Daily S1-5 ---> Black circles Weekly Pivot lines ---> Purple Color Weekly R1-5 ---> Red Circles Weekly S1-5 ---> Red Circles
Version 1.0 A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels. In The Depicted Example Above: - Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in...
Fibonacci Bands are derived from Fibonacci ratios expansion from a fixed moving average. These bands help traders find key areas of support and resistance . "Fibonacci bands" are computed by adding a Fibonacci ratio distance (Up and Down) from a "key moving" average (21, 34, 89 periods). An 8 period average of "True range" is computed. The multiples of Fibonacci...
This Script detects Bearish / Bullish GAP at market opening 09:30 am NY and automatically traces backward levels, of which 2 are configurable at your discretion.
This indicator is a combination of Pivot points with CPR, Moving Average and VWAP.
This is the first script that I publish. His main goal is to help identify the extreme of the day and to compare the VWAP with the average DPDC to find meaningful resistance and support.
The STP Support/Resistance Levels accurately detect the key levels by identifying large swings/pivots in historical price action automatically. It identifies price levels where historically the price reacted by either bouncing or reversing the direction. Prior price behavior at these levels can leave clues for future price behavior. These tops and bottoms in price...