bitjiaozi

short term reversal, MTF support & resistance

It is an indicator that assists short-term reversal trading utilizing support and resistance.

It is recommended to build a position after the buy / sell marker appears while checking the support and resistance.

When building a position, it is important to have a short-term perspective without holding it for a long time.
(Recommended period is 3 to 5 candlesticks)

If the price moves in the opposite direction to the marker, hold it until the marker comes out again,
or if it is out of support and resistance, cut the loss once and the marker again You can also wait for it to come out.

Support and Resistance mainly uses Bollinger Bands and can use multi-timeframes.
By default, the higher the support and resistance of the time axis, the thicker the line.

Please send me a PM to access this indicator.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact bitjiaozi for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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?

Warning: please read before requesting access.