scratchticketseb

Savanner Level Index

Finds Price Support Based on last 20 Bar Low, 40 Bar low, and 80 Bar low, and calculated using 1x 80 bar low, 0.5x 40 bar low, and 0.2x of the 20 bar low. Feel free to check out the script!

How to use: Add to your chart, drag the indictor to the main chart, then merge both scales on the right!
Release Notes: Allows for Custom Color and Width!
Release Notes: Allows for Custom Integer Inputs for longer or shorter term analysis. (Only change if you know what you're doing)
Release Notes: No longer need to drag and change scales!
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.

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