Hello All, First all of Thanks to Pine Team for adding Arrays to Pine! In this script I tried to make example for 1. Finding S/R lines using highest/lowest function 2. Using 1D array as 2D (we keep S/R levels and age) 3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears) You can use...
Support & Resistance based on the highest and lowest values of a lookback period
This script tries to find when a trading channel is developing and once is developed it will save it for later use on 2 variables up and down channel. You can access the last 2 channels for comparisons but this could be extensible for more channels. You can choose the delta for the alignment accuracy of the channel. The error for the difference between channels...
This script calculates and plots the All time Fibonacci Retracement of the chart. It's based on the ATH (All Time High) and the ATL (All Time Low). Made simple, you can choose which levels you wanna plot in the parameters menu. Enjoy !
Hello guys, I would like to introduce you volume support and resistance horizontals. It draws line horizontal on high and low high volume candles that has volume above volume MA for certain period multiplied by multiplier and also the volume is increasing from previous volume . You can select lines on this timeframe and/or another one. The colors are dynamic...
Hello guys, I would like to introduce you pivot support and resistance horizontals. It draws line horizontals on high and low high pivot candles . You can select lines on this timeframe and/or another one. The colors are dynamic depending whether price is below or above the line: for the current timeframe green is used for support and blue for resistance for...
This is a script to make calculating position size easier. It calculates position size as a percentage of account balance and Risk/Reward based on input values of entry, exit, stoploss and shows the R/R box similar to tradingview's R/R tool. There is an option to toggle showing label and choosing of label text color. Have to enter the following inputs in order...
To create the script I used the LonesomeTheBlue code. Thank him for his code. The indicator shows trend lines. Up to three support lines (red) and up to three resistance lines (lime). There can be up to 6 lines at a time. However, most often there will be from 0 to 1 line. Trend lines may be extended to the right. For this purpose there is a checkbox in the...
This script will show the "Fibonacci" Close levels for 9 inputs. Currently set from 8, 13, 21, ..., 377. These lines can then be used for Support and Resistances. Source and Inputs are adjustable.
Auto Analysis Short-term Reversals Exploration Based on a study by Larry Lovrencic Closing Price Reversals Automatic Analysis Hook Reversals Automatic Analysis Island Reversals Automatic Analysis Key Reversals Automatic Analysis Open/Close Reversals Automatic Analysis Pivot Point Reversals Automatic Analysis
Hello Traders! After the addition of "Arrays" to the Pine, I developed new and improved version of Support Resistance - Dynamic script as version 2. In this script Arrays were used. This can be used as Support Resistance tool, also it will be an example for the people who want to learn Array usage in Pine. Many thanks to Pine Team for adding Arrays! The...
Hello Traders, This is " Smoothed Candles " script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily. There are three scaling methods: User Defined, Dynamic (ATR) and Percentage Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages Optionally you can hide the Wicks, example: You...
Displays narrow range candles.Can adjust the input value to any period to look back.Ideal to use in daily and weekly time frame. Look out for clusters of NR candles depicting volatility contraction, and subsequent volatility expansion can be look forward to. The code is written by Rounak ST of Trade with trend.
This is a study on different moving averages across different lenghts to see which lengths or ma types have the most S&R action on them. In the data window you can see the number of support and resistance instances for each length divided by the number of price crosses of the ma Also you can see in time adjusted which % of the time that line acted as a S&R Then...
Shows static and dynamic levels which can act as support/resistance. These are important as there is a lot of users who are interested in buying/selling at these prices. Static Levels include - Daily/Weekly/Monthly/Yearly Open (changes color depending on if below or above price) Previous Daily/Weekly/Monthly/Yearly Open Previous day's High/Low Dynamic Levels...
here comes open source version of notorious JFT Indicator ( the indicator access you can get in some bucks ) on various telegram channels however they will not give code. Now how it works 1. 2 ranges derived from indicator are supposed to be a consolidation zone and any close above or below is supposed to give a good move. 2. I personally consider it as may be...