jdlim

Support and Resistance Levels with auto Fibonacci

Identify horizontal support and resistance lines using your choice of 6 methods.

Available options
  • Lookback window: Number of bars back to consider in calculations
  • Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
  • Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8 lines due to pine limitations. I can post separate scripts for each method that allow more depending on user feedback)
  • Use Custom Time Frame? ( M1 , M6, M5 only work if viewing lower TF): Set a custom timeframe in minutes, then 1D for daily, 3D for 3 daily etc.
  • Calculation offset: How many of the most recent bars to ignore in the calculations.
  • Update Frequency: How many bars to wait until updating the lines since the last update.

Things to tweak.
  • I still need to test the methods, depending on that and feedback I can post separate scripts for each method that allow more depending lines or scrap some.
  • I'll tweak the parameters for using linebreaks to scrap them. Currently required a three close through it (so two in one direction and one in the other).
  • Fibs don't work on the static timeframe as I've reached certain restriction in the coding system.


Link to setup video tutorial


Below are some examples using the default settings (which I have not optimized as of yet)
Method 1

Method 2

Method 3

Method 4

Method 5

Method 6




Links to my other indicators
TD sequential indicator


TD sequential indicator screener


Oscillator Divergences


Oscillator Divergences Screener


Swing Points and Swing Failure Patterns


Swing Points and Swing Failure Patterns Screener


TD alternatives


RSI with a horizontal line


Plot MAs



Average directional index with directional movement indicator


Market Hours


Referral Links
Bitmex 10% fee discount for 6 months
https://www.bitmex.com/register/Ilzb0e
TradingView (50% off after trial period ends)
https://tradingview.go2cloud.org/SH2Hg

Tip Jar
BTC: 1FgEeDDMF7QKydQPJVCDjp7ypjREp8XG6c
LTC: LM9KsXz7GUxCN9g9EjTC8ayviDEmBK14rw
Phát hành các Ghi chú: V1.01
-I fixed an issue with the "Only update and scrap line if three closes through it" option
-Added suboption to the above to scrap line after a certain period
-Also, note that if a resistance line becomes support its plotted as light green and light red for support to resistance
Phát hành các Ghi chú: V1.02
-further refined the "Only update and scrap line if three closes through it" and "And Scrap line after this many new candles" options. they still not behaving as I want but much better.
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
May i have access please?
Phản hồi
Hello, may I have access to this indicator as well? Thanks, John
Phản hồi
Hello, May I have access to this indicator?
Phản hồi
Could I please have access to this indicator?
+1 Phản hồi
@jdlim Sir, can I have access to the indi as well? Thank You.
+2 Phản hồi
Hi Jim! please can I get access? Thank you!!
+1 Phản hồi
Hi, Jim
May I get the access to your indicators?
Many thanks for your work.
+1 Phản hồi
Can you give me access?
+1 Phản hồi
Sir, please grant me an access.
+3 Phản hồi
Hi, can you please give me access to this script? Interested to try it out!
+1 Phản hồi
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