OPEN-SOURCE SCRIPT

Support and Resistance Multiperiod (Zig Zag Based)

Actualizado
Support and Resistance Multiperiod (Zig Zag Based)

What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.

Who can use?
Scalpers to Long term investors

What timeframe to use?
• Any timeframe

What are the lines?
• Green lines are Support levels.
• Orange lines are Resistance levels.

How to use?
• Buy Low and Sell High.
• Brighter zones means strong Support or Resistance.
• Weaker zones appear lighter.
• Brighter zones are formed by overlapping of lines from multiple levels of support or resistance.

Indicator Menu
• The indicator can input 5 different Lengths.
• The default settings uses 13, 21, 52, 100 & 200.
• Every option are customizable.
Notas de prensa
Updated on 25 June 2022

  • Updated line width and color transparency.
Notas de prensa
Updated on 4 September 2022
  • Corrected Pinescript error which effect the color.
Notas de prensa
Updated on 10 September 2022
  • Corrected some Pinescript color overlap bugs. But some still exists.
  • Added support and resistance lines.
  • Added reversal swings change.
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Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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