Zeiierman

Extreme - SR Levels/Zones (Expo)

Extreme - SR Levels/Zones (Expo) automatically searches and prints key support and resistance levels based on "extreme" high & low values.

When the extreme condition is met there is a high probability that the market pauses, makes a pullback, or that the trend change direction. If the current trend is strong, the price will breakout from the previous extreme level.

The indicator can be used standalone or as a part of your current trading strategy.

  • Real-time
  • No repainting
  • Works on any market


HOW TO USE

1. Use the indicator to identify key support and resistance levels.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.


INDICATOR IN ACTION

Daily chart



I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


-----------------
Disclaimer


Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Release Notes: Improvements!

  • Alerts Added
  • LongTerm Extreme Levels Added
Release Notes: Improvements!

  • Breakout labels added
  • Breakout alerts added
Release Notes: Improvements!

  • Performance Improvements
  • Future Key Levels Added
  • Tooltip Added

> Future Key Levels analyzes historical market structure and recent price action to give traders accurate market levels which have a high probability to be respected in the future.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Zeiierman for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

• Contact me on TradingView or use the links below

Want to use this script on a chart?

Warning: please read before requesting access.