jurlvarg

Pivot Support and Resistance Finder [JV] V2

jurlvarg Updated   
Dear Traders,

This script is a follow-up to my previous Pivot Support and Resistance Finder.
After so many positive feedback, for which I thank you all, I started rebuilding it to implement some requested features.

The biggest change is that by default, the indicator now shows zones instead of lines.

  • Support Zone: from low to close
  • Resistance Zone: from close to high

I removed the 5 lines, instead showing the most recent levels and the forming (fast) levels.
However, if you change the occurrence in the options, you can still see previous levels:

  • 0 = Current Level
  • 1 = Previous Level
  • 2 = Level before the Previous Level
  • ...

More important configurable options:

  • Pivot Length
  • Pivot Quick Length (used to draw forming levels
  • Option to draw using bar closes, wicks or both (area)
  • Hide / Display to forming level
  • Show past levels.

I hope this is clear enough.
For any questions, remarks, suggestions, feel free to contact me.

Happy Trading!
Release Notes:
Added the option to choose the current or a higher time frame.
Changeable in the Settings Panel.

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