Alboncalc: Support and Resistance Levels Description: Alboncalc is an innovative TradingView indicator that identifies significant support and resistance levels based on patterns where two candles form equal highs and/or lows. This indicator automatically plots these critical levels on the chart, providing traders with clear visual cues of potential price...
Indicator based on the Concept created by Bo Williams. But unlike the original that uses MIMAs, EMAs are used here. Exponential moving averages will be shown according to fractal alignment, in order to show the important support and resistance levels ( SAR ). When the fractals are aligned to become support, we will have the EMA in the graph with a bright...
This indicator plots distant VWAP lines that serve as support and resistance. You can add more lines from the script. Good trades!
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it. Note 1: Do not just use this as a criterion for buying and selling, use as one more aid. Note 2: It is possible to leave in the chart all the averages, if you feel it...