BarsStallone

Support/Resistance V2 Indicator

BarsStallone Pro Updated   
With this support and resistance indicator, if you want more levels just change the timeframe it looks at in the settings. It will pull the SR levels off the timeframe specified in the settings. Note: SR1 and SR2 timeframe should match.
Release Notes: Updated to Pinescript V4 and added the ability to select the timeframe for support and resistance levels. Default is 15 min levels.
Release Notes: Updated script with the ability to extend lines to the right and added the ability to add an alert when a new SR level is created. Setting higher timeframe levels now scales the chart correctly. It is recommended to set the timeframe on "Same as Symbol". The best way to add price alerts are to click on the chart at the level and manually add the price alert. Extending lines manually also works well by dropping a horizontal line at the level if you want to continue to monitor that level after the line ends.
Release Notes: Fixed issue with repainting when viewing higher timeframe levels.
Release Notes: Fixed zoom issue
Release Notes: Chart zoom adjustment
Release Notes: Updated with line color change options. Higher timeframe levels has been moved from alpha to beta testing for with trend breakout levels.
Release Notes: Code updated to pine V5 and repainting eliminated by @christofferka
Release Notes: Publishing correction

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?