I would like to introduce you ATR Trailing Stops S/R . The idea is to look for important levels that are identified by trailing stop line, where it usualy spents a lot of time without any move usualy turns out to be good level for bounces.
It has various setting Timeframe and atr settings Show lines Extend lines Line count - how many lines will be rendered Candle count - how many candles has to trailing line spend at the same level Colors - controls color of plot and lines
I hope you will enjoy it, as I enjoyed to write it.
Lukas
Release Notes
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Changing default setting for early detection of trend
Hello sir, I can't see levels on chart only atr line showing plz check.
wgibelli
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Hola! El script no muestra los soportes y las resistencias.
lmatl
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@wgibelli, Hola depende mucho en que timeframe estas(en general es para menos que un dia) y intenta bajar setting que se llama Candle count. Significa que si el indicador esta en mismo nivel por cierta cantidad de velas crea estas lineas
lmatl
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o tambien puedes cambiar timeframe del indicador para ser mas alto que tienes en chart
Congrats!