synapticEx

Fractal Support Resistance (Fixed Volume) 2

Fractal Support Resistance (Fixed Volume ) 2

http://synapticex.com
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
//synapticex.com
study("Fractal Support Resistance", shorttitle="FSR", overlay=true)
tf = input(title="Resolution", type=resolution, defval = "current")
vamp = input(title="VolumeMA", type=integer, defval=6)
vam = sma(volume, vamp)

up = high[3]>high[4] and high[4]>high[5] and high[2]<high[3] and high[1]<high[2] and volume[3]>vam[3]
down = low[3]<low[4] and low[4]<low[5] and low[2]>low[3] and low[1]>low[2] and volume[3]>vam[3]
fractalup =  up ? high[3] : fractalup[1] 
fractaldown = down ? low[3] : fractaldown[1]

fuptf = security(tickerid,tf == "current" ? period : tf, fractalup)
fdowntf = security(tickerid,tf == "current" ? period : tf, fractaldown)

plot(fuptf, "FractalUp", color=lime, linewidth=1, style=cross, transp=0, offset =-3, join=false)
plot(fdowntf, "FractalDown", color=red, linewidth=1, style=cross, transp=0, offset=-3, join=false)

TonyCampbell
7 months ago
Is this the latest version? Thanks.
Reply
synapticEx TonyCampbell
7 months ago
lol absolutely. If you find an error let me know. Thanks.
Reply
TonyCampbell synapticEx
7 months ago
OK......great, thanks. I googled this S/R for background info....articles etc, but didn't find much......do you know of anything?
Reply
synapticEx TonyCampbell
7 months ago
what do you want to know?
Reply
TonyCampbell synapticEx
7 months ago
Does it seem to work best for a particular TF.....intraday or swing trading over multi days or weeks? A great addition, thanks again !
Reply
synapticEx TonyCampbell
7 months ago
You can use it with the trading style you prefer. It is not intended to be used alone, unless you already know price action behavior very well. It is possible to use it to tracks breaks in the price structure or just as SR zones. Tipically on the lower time frames you may want to focus on the last 3/4 levels.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out