OPEN-SOURCE SCRIPT
Support & Resistance [KTY]
[KTY] Support & Resistance
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 FEATURES
- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)
- Price Labels
- Shows exact price at each S/R level
- Clean visual reference
- Alert System
- Resistance touch alert
- Support touch alert
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ HOW TO USE
- Bounce near support → Higher chance of upward move
- Rejection near resistance → Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 TIPS
- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 FEATURES
- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)
- Price Labels
- Shows exact price at each S/R level
- Clean visual reference
- Alert System
- Resistance touch alert
- Support touch alert
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
✅ HOW TO USE
- Bounce near support → Higher chance of upward move
- Rejection near resistance → Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
💡 TIPS
- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
KTY = Kim Thank You (김땡큐)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience 📊
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.