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Iconik Trading Suite: Auto Support/Resistance - Daily

Autogeneration of support and resistance lines. Posts a horizontal line of the open/close for the past 40 daily candles.

DM for a PowerPoint describing this indicator and the rest of Iconik in detail.

Iconik Trading Suite Indicator List:
ITS-OSC: Oscillators (v2)
ITS-PAA: Price Action Alerts (v2)
ITS-ASR: Auto Support/Resistance
-> Daily (v2)
-> 3 Day (v2)
-> Weekly (v2)
ITS-4TFC: 4 Time Frame Confirmation (v1)
ITS-DIV: Divergence Seeker (v1)
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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