levels are determined by historic (swings). If a price breaks through the first , it may really take off. If it breaks through the second level, or through all five resistance levels, you might be on your way to the moon (Lambos not included). The inverse is true when the price breaks-down, through support levels.
5 Levels of Support and 5 levels of Resistance are available.
In a very or situation, searching back in time for the next highest Support or can become quite demanding on TradingView's server. I've pushed it to the limit:
- R2 & S2 look back 1,000 candles
- R3 & S3 look back 2,250 candles
- R4 & S4 look back 3,500 candles
- R5 & S5 look back 4,999 candles
When TradingView's servers are getting a little bogged down, you may get an error about "a loop being longer than 100ms". That just comes with the territory of searching so many candles back. To resolve it, just click "Force Reload" in the settings.
I'd love to post the manual, the instructions for the settings, here in the description, but the publishing policy sets a limit as to how long these descriptions can be. So check the comments for a manual on how to use this indicator. And if you'd like to plug this kind of indicator into your scripts, just contact me for custom work.
Version 2.0 also fixes a Support-Levels bug that ignored changes to the Swing-Low Bars-Left settings.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.