OPEN-SOURCE SCRIPT
Support & Resistance Levels
Plots support and resistance levels based on occurrence of fractals.
Line width indicates historical significance of the level.
Decreasing the proximity multiplier input increases the sensitivity/ increases the frequency of level changes.
If price closes above a resistance level, the level becomes a support level and its color on the chart changes to green (& vice-versa).
Line width indicates historical significance of the level.
Decreasing the proximity multiplier input increases the sensitivity/ increases the frequency of level changes.
If price closes above a resistance level, the level becomes a support level and its color on the chart changes to green (& vice-versa).
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.