OPEN-SOURCE SCRIPT
Actualizado

Support & Resistance Analyzer

2 082
This script analyzes the effectiveness of support and resistance (S&R) levels by examining their impact on price action. It measures the compression or reversion of price action around these levels to determine their overall performance.

To use the script, simply copy and paste the Moving Average (MA) or desired level script that you want to test. The results will be displayed in the data window for easy reference.

The script provides a metric called S&R overperformance or underperformance, which offers a concise summary of the S&R level's effectiveness. This metric is determined by comparing the price action near the S&R level to the overall price action throughout the dataset.

Additionally, the script includes specific metrics to further illustrate how the S&R level affects the price. These metrics provide more detailed insights into the S&R's influence on price action, enabling users to make better-informed decisions when applying S&R levels to their trading strategies.
Notas de prensa
Minor fix for the inputs options
Notas de prensa
Fix a coding mistake
Added the possibility of analyzing the S&R levels directionally.
Meaning when a candle is going up and the close is below the S&R and viceversa
Notas de prensa
Few changes to optimize the code
Made the zones and contacts visible

Exención de responsabilidad

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.