Automated Support and Resistance Levels — Indicator by StockManTrading

This script will automatically plot green lines for support and red lines for resistance -> these are denoted as the STRONGEST levels. These levels will change as the day progresses, making it a "live" support and resistance indicator.

The script will also look back at the 4 prior days and identify pivot points/support and resistance levels and mark them in grey text.

The user can draw a line directly under this text to obtain the historical level.

This script is still in development - please keep this in mind during usage.

Release Notes:

Updated to allow users to choose support/resistance line colors

Release Notes:

Line color bug fixed

Release Notes:

Support and resistance labels now accurate to the 100ths place

Release Notes:

Adjusted number of levels shown by default

Release Notes:

Updated script to allow support/resistance labels to be toggled by the user

Release Notes:

Updated default lookback period

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 StockManTrading for more information, or follow the author's instructions below.

Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. 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.

Author's instructions

Please contact SMT for access

Want to use this script on a chart?

Warning: please read before requesting access.