Meta Signals Support & Resistance | 4
The indicator defines the following:
1. Main trading range dictating general price structure (yellow).
2. Local trading range indicating current trading cluster (green and red).
3. Fib based trendlines dividing the main trading range into tradable support and resistance levels. By default, these lines are white and include the 0.786, 0.618, 0.5, 0.382, and 0.236.
4. Fib extension of main trading range, extending the range according to an adjustable fib ratio (orange).
Also included are a set of four adjustable moving averages with the default values being:
MA 1 - EMA 21
MA 2 - EMA 55
MA 3 - EMA 200
MA 4 - SMA 200
In addition to plotting the MA 1 and MA 2 lines, the area in-between is automatically shaded to help define the short-term trend:
Green - uptrend
Red - downtrend
Gray - indecision
Similarly, the area between the MA 3 and MA 4 lines is shaded to provide a visual representation of longer-term support and resistance zones.
The Meta Signals Support and Resistance Indicator works on any chart where both volume and price are plotted.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact monerocapital directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact monerocapital directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.