NorthStarDayTrading

NSDT Auto Support / Resistance Levels

Simple script that automatically plots support and resistance lines based on the pivot points of the number of candles you choose to look back upon.

All options are editable.
Release Notes: Updated script to plot the resistance line at the high of the pivot candle and the support line at the low of the pivot candle.
Release Notes: Added 2 additional levels of support and resistance. You can adjust the how many candles to "look back" for each zone. Also added the ability to create alerts for zone/levels breakouts.
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Comments

@NorthStarDayTrading What period would you recommend for 4h and daily?
+4 Reply
NorthStarDayTrading mikiahroberson
@mikiahroberson, It depends on market sentiment at that time. Adjust until it looks good for the current timeframe and use from that point.
Reply
It works. Great job and thanks.
+1 Reply
@cukamalu, Thanks. Enjoy!
Reply
Thank you
good job
+1 Reply
@dxbyali, You're welcome!
Reply
When i change the timeframe from 1D to 1Hr or 5 min the chart distorts and the price gap narrows. But if i dont use this script then the existing setup works perfectly. Is there something we can add to this script.
Reply
NorthStarDayTrading vikasbansal4u
@vikasbansal4u, I'm not sure what you mean. Can you send a few screenshots to me through the private messaging please? Thanks.
Reply
Hi, Have u created any Automatic Support cum resistance level. I mean when Support became Resistance Vice Versa ??
Reply
@saumyabhatt, No, I have not. But you can probably use this one and adjust each of the three input lengths to get what you are looking for.
Reply
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