LonesomeTheBlue

Support Resistance - Aging [Example]

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 "Close"/Open" or "High/Low" as source.


There is an option for the background color, by default it's Black, do not forget to set it accordingly :)



Enjoy!
Release Notes: Fixed it to show S/R levels if their age is greater than 1.
Release Notes: color.rgb used
Red, Green, Blue option added for SR lines

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?