OPEN-SOURCE SCRIPT
Support and Resistance Zones
This indicator automatically places lines on the graph at areas that have repeatedly shown to be supports and/or resistances.
Zones are incredibly important to the PA of the markets and crucial for many trading strategies. Although this indicator doesn't display infinite horizontal lines across the graph, it makes learning zones, placing zones, and reading PA with zone-based strategies a breeze while keeping the clutter to the bare minimum.
Zones are incredibly important to the PA of the markets and crucial for many trading strategies. Although this indicator doesn't display infinite horizontal lines across the graph, it makes learning zones, placing zones, and reading PA with zone-based strategies a breeze while keeping the clutter to the bare minimum.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.