toanthainguyen

Bounce-Resistance plotter

Here I present to you today a script that let you set boundaries and plot boundaries to identify a
1. Bounce level
2. Resistance level

You can find your own boundaries for your asset and timeframe and set a suitable one for yourself.

Keep it simple.
Open-source script

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.

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.

Want to use this script on a chart?