AlexShech

Support & Resistance PRO

Hi Traders!

The Support & Resistance PRO

A simple and effective indicator that helped me a bunch!

This indicator will chart simple support and resistance zones on 2 time frames of your choice.

It uses a 30 day lookback period and will find the last high and low.
Each zone is built from the highest/lowest closure, and the highest/lowest wick, creating a liquid zone between the 2.

It is perfect for people trading support and resistance, watching key areas, scalping zones and much more!

*You can change the time frames you are looking at and the lookback period.
*The example in the picture is looking at the Daily and Weekly zones on BTC.

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.

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