OPEN-SOURCE SCRIPT
Updated S/R lines
This is a simple script that draws automatic support and resistance lines based on the length of the wicks.
The relevance of the wicks can be evaluated as a percentage against the overall price or against the price fluctuation of the last few candles.
There is a thin line for the less important wicks and a thicker line for the larger ones.
The values for these can/should be altered according to the different securities.
JD.
The relevance of the wicks can be evaluated as a percentage against the overall price or against the price fluctuation of the last few candles.
There is a thin line for the less important wicks and a thicker line for the larger ones.
The values for these can/should be altered according to the different securities.
JD.
Release Notes
ADDED:-option to extend the support/resistance lines
-option to set monochrome color
JD.
Release Notes
Updated to v4 and added the highlighting of high liquidity zones.Gr, JD.
Release Notes
Now with the correct screenshot! ;-)Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.