This indicator is used to automatically plot the strongest support and resistance points that are nearest to the current price.
This indicator works on all assets and all time frames so it is applicable to all traders whether you are a scalper, intraday or swing trader.
Additionally, you can adjust the settings to have the indicator scan for closer or farther...
This indicator plots out several horizontal lines, they can be used as both support and resistance. The transparent lines a little above and below the lines are "spread lines" which are intended to be used to place orders such that in case price gets very close but not exactly the same price, the long/short orders still get filled.
The lines themselves are...
After reviewing all feedback and questions I got from the users of my previously published script (Kitsune Indicator Collection), I decided to publish a new one which is easier to interpret and use. Therefore the script is as clean as possible thereby minimizing visual clutter (or at least I tried ).
This script is an evolution of my precious script and is still...
Simple indicator showing the support and resistance on Daily, Weekly and Monthly time frames no matter what time frame you're currently on by highlighting the highest and lowest points on each over the last 34 bars.
Daily support and resistance are coloured green.
support and resistance are coloured yellow.
Monthly support and resistance are coloured red.
For...
Simple script that automatically plots support and resistance lines based on the pivot points of the number of candles you choose to look back upon.
All options are editable.
Simple script that plots the range between the previous day close and the current day open. This makes it easier to reference the gap up or gap down zone throughout the day.
This script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping.
Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that...
A series of Fibonacci sequences using a variety of triggers to base highs and lows off.
High and low look back length can be altered, fibs and fib extensions can be shown or hidden and the background can be filled or transparent.
Automatic Gann fan indicator. Works on all charts and time frames.
The idea was to create this indicator so as not to rearrange the Gann fan.
It is good to navigate the lines as resistance and support.
The settings consist of two parameters.
1 this is for the calculation from the local high.
2 for the calculation from the local Low.
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...
Hello All,
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
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...
Present to your attention, basic “Day & Week & Month & Quarter & Year Open Price Points Indicator” !
You can determine support & resistance using Yearly, Quarterly, Monthly and Weekly open price points on a chart with any timeframe.
It is not a widely used technique, but according to different academic studies, levels are reliable. Google it! You can enhance...
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).
Stochastic Momemtum Index - a true strength indix tsi with a moving average signal.
This uses the built in with modifications per Anne-Marie Baiynds recommendations - she uses a SIMPLE MOVING AVERAGE
for the signal (signal length at 4x the short length seems to work best to reflect actual price action support or resistance)
Note: Default settings in this code have...
Shows key historical support & resistance (S/R) levels on multiple timeframes
Shows two nearest levels below and above current close price on 2 selected time frames
Option to select timeframes (daily, weekly, monthly, current)
Option to display moving average S/R levels as well (daily and weekly)
Option to display levels for current bar only, or to show...
A pretty little indicator showing pivotal breakouts - that is, locating critical pivot points within price action, connecting the dots and trading the breakouts from this area!
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Useful for finding good entry levels, exit levels, areas of strong support/resistance and most importantly - the Breakout!
Includes "Bars to the Left" variable so you can...
