trading.kay27

Support and Resistance (Barry)

5573 5 1515
Support and Resistance levels for Binary Options.
Code Originally written by Matthew Spancer. I have just updated it to make it work like the one found for Meta trader 4.

The red, green and blue line is 12 period Variable moving average written by LazyBear.
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//@version=2
// Bill Williams Fractal Template
//Initially Coded By: Matthew Spencer (Fractals)
//Updated by Kunal Patel - Based on Support and Resistance (Barry)

// If you like this script or use it's code in one of yours, please donate to Matthew Spancer. I did it for free.
// PayPal: ma.spencer@gmx.com Bitcoin: 1foxypuyuoNp5n1LNCCCCmjZ4RAXntQ8X

study("Support and Resistance (Barry)",shorttitle="Kay_SR Levels", overlay=true)

// Define "n" as the number of periods and keep a minimum value of 2 for error handling.
n = input(title="Periods", defval=2, minval=2, type=integer)

dnFractal = (high[n-2] < high[n]) and (high[n-1] < high[n]) and (high[n+1] < high[n]) and (high[n+2] < high[n]) ? high : fixnan(dnFractal[1])
upFractal = (low[n-2] > low[n]) and (low[n-1] > low[n]) and (low[n+1] > low[n]) and (low[n+2] > low[n]) ? low : fixnan(upFractal[1])

// Plot the fractals as shapes on the chart.
plotshape(dnFractal, title= "D", style=shape.circle, location=location.absolute, color=blue, transp=10) // Down Arrow above candles
plotshape(upFractal, title="U", style=shape.circle, location=location.absolute, color=orange, transp=10)  // Up Arrow below candles
thx so much man, it is really cool
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Updated script is here. Much better in finding support and resistance levels. Can be used in breakout trading.
+1 Reply
IanBuchanan PRO trading.kay27
@trading.kay27, Thanks, I have been looking for one that worked like MT4. Much appreciated.
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Thank you!!!
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Hope its helps you..!!
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