This simple script will add in your chart "dynamic support/resistance" and the possible entry point.
Here is OSOIL Chart:
This indicator is not designed to be used as a bot, but only to help your trades :) If you consider this useful, please consider donate: 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
study("Dynamic S&R",overlay=true) length = input(100,"Number of bars back") hhigh = highest(high,length) chigh = highest(close,length) llow = lowest(low,length) clow = lowest(close,length) mhl = (hhigh+llow)/2 mc = (chigh+clow)/2 phh = plot(hhigh, 'hHigh',color=blue) pch = plot(chigh, 'cHigh',color=blue) fill(phh,pch,blue) pmhl = plot(mhl, 'mHL',color=black) pmc = plot(mc, 'mMC',color=black) fill(pmhl,pmc,black) pll = plot(llow, 'lLow',color=purple) pcl = plot(clow, 'cLow',color=purple) fill(pll,pcl,purple)