BacktestRookies

Support & Resistance

This indicator detects large swings/ pivots in historical price action to highlight tops and bottoms which might act as future levels of support or resistance. The code by default detects the last 3 significant swing highs and the last 3 swing lows. It then places lines on the chart to highlight those levels.

For a full overview of the indicator and code commentary visit the backtest-rookies (.com) website.

Example

Eliminar de Scripts favoritos. Añadir a Scripts favoritos.

Comentarios

Very good. I was just looking on how to plot infinite horizontal lines for supports and yours is the only one! ;) thx
+7 Responder
@rtugui, Same here. In case you didn't get it figured, the reason for the horizontal line is the trackprice=true parameter. The limitation it will only extend the line for the current series, as soon as one of the series' data points in invalidated, the extended line goes away and is replaced by the new data point. For my indicator, it will still show the line for during the time period it applied (d/w/m etc), similar to how the historical pivots still show in the pivots indicator. But still working on making those lines permanent.
Responder
rtugui kurtsmock
@kurtsmock, yes, yes, got it;) thx
+1 Responder
Outstanding ! if you could add trendline to show breakout at confluence area + price action like bullish engulf/bearish engulf / hammer inverted hammer . it would be excellent.
Responder
Interesting , thanks for your efforts !
Responder
Inicio Analizador de acciones Analizador de Forex Crypto Screener Calendario económico Cómo funciona Funcionalidades del gráfico Precios Recomendar a un amigo Normas Centro de ayuda Soluciones broker y sitio web Widgets Soluciones gráficas Biblioteca de gráficos ligeros Blog y Noticias Twitter
Perfil Opciones de configuración del perfil Cuenta y facturación Amigos referidos Monedas Mis solicitudes de asistencia Centro de ayuda Ideas publicadas Seguidores Siguiendo Mensajes privados Chat Cerrar sesión