Simple support and resistance areas. The threshold parameter determines the sensibility. It works better if volume data is good. Remember to refresh the script once in awhile when applied to lower resolutions. //std1243cf0
FIRST 5-MINUTES ZONE -------------------------------- This script displays the first 5-Minutes high and low range zone and shades in gray color for identification of the zone. HIGH - LOW BREAKOUT ---------------------------- As we all know that a stock's best breakout level is its previous day's high or low. Hence I designed the script to automatically draw a...
By request, some more of the levels that I like to see. I find that this works well on gold and crude oil the best. Stocks and ETF's sometimes have weird bars in after hours, and this sometimes destroys the week's levels. Any non liquid jump and back bars will likely not be tolerated by the study and ruin its data. The indexes sometimes work, but I find that...
For my second share, I give you some levels I look at everyday for the ES minis. HLC/3 of the MTF (multi-time-frame) inputs = mean and Fib-levels formed as support and resistance zones. There are some websites that will show you 20 ways to figure out a pivot for the day's intraday workings, and this one always rang true for me. I keep it set at Res=D and...
Description: It's just levels of previous periods, with the inclusion of 4 hour and and month. Nothing special. Setup: Should be mostly self explanatory... but selecting either the 4 hour or month check boxes will override the dropdown selection. Checking both the 4 hour and month boxes together will cause it to default to whatever has been selected in...
EXPERIMENTAL: WARNING: this strategy repaints after reloading and results are heavily curve fitted, use at your own discretion. UPDATE: (AleksanderThor) add option for a 2nd target, to use you need to activate pyramiding with a setting of 1 manually (not possible to change programatically) .
EXPERIMENTAL: Request for: MarxBabu changed gap detection method. added previous close line
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p (JeanLouisHardy) added option for bar count system, also added a donchian average.
EXPERIMENTAL: Fibonacci rate levels based on price advance/decline, can be used to make visualizations of fib clusters or for cycles.
Support and Resistance using donchian channels to validate tops/bottoms (note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel) combo with other systems:
EXPERIMENTAL:MML using a absolute deviation average oscilator, i think this gives better results then donchian channels. color scheme for the bar color was ripped from UCS's MML oscilator :p thx.
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
EXPERIMENTAL: update, added lvl 50 rsi median level.
EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.