This script is built to condense the main indicators or levels i use for my strategy.
Support & Resistance
Draws the support and resistance levels on the current timeframe, with labels for the latest S/R formed. The levels change color to reflect a role reversal depending on price action.
The number of bars used to confirm the formation of a new S/R level are configurable, but the default values are:
30 bars to check before a new level
15 bars to check after a new level
5 bars used for early detection
Moving Averages
The script uses 3 Moving Averages to calculate trend direction and posible dynamic supports and resistances for the trend. Aditionally a couple of bands are drawed around the Medium Length moving average in conjuction with the ATR to account for the volatility of the instrument.
The default values for the moving averages are:
Short MA Length - 7
Medium MA Length - 30
Long MA Length - 360
ATR Multiplier for narrow band - 1.2
ATR Multiplier for wide band - 3.6
Note: Most of the default values are set taking into account the Daily timeframe and natural divisions in it such as weeks, months and years. These values work well in other timeframes but might be adjusted to get a better fit to the desired market and timeframe
Notas de prensa
Fixed S/R labels positioning
Notas de prensa
Adds labels to pivots and changes style and default values
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.