PROTECTED SOURCE SCRIPT
Trend Resistance & Support
This indicator determines the trend of stock prices and outputs prices that must be broken through or deviated from the trend to change.
------How to Use?
At the bottom of the screen, the trend judged by the indicator is written.
If the price forms a resistance line, it can be judged that the trend will not change until it breaks through the resistance line.
It can be judged that the perfect trend shift is when it breaks through the resistance line.
If the price forms a support line, it is expected to fall after leaving the support line.
Each resistor line and support line are valid until they deviate from or break through its price.
------How to Use?
At the bottom of the screen, the trend judged by the indicator is written.
If the price forms a resistance line, it can be judged that the trend will not change until it breaks through the resistance line.
It can be judged that the perfect trend shift is when it breaks through the resistance line.
If the price forms a support line, it is expected to fall after leaving the support line.
Each resistor line and support line are valid until they deviate from or break through its price.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Hi, im Quant from KR
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Hi, im Quant from KR
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.