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support band level 2
📉 Support Band Level 2 – Support Zone and resistance zones only for Bitcoin.
Overview:
Support Band Level 2 is a support band designed for long-term traders, providing a reliable support range based on a combination of SMA and EMA calculated on a fixed higher timeframe (default: 1W)
🧠 What Makes It Unique:
This band highlights the strongest support in a Bitcoin's bull market.
Unlike traditional SMA and EMA indicators, which can be confusing when multiple levels break or hold, the band clearly shows when support is holding or being broken. By using this band, you can avoid the uncertainty that comes from analyzing individual moving averages.
besides more than just code this indicator has a strategy and a extensive backtesting behind it.
🛠️ How to Use:
Apply it to any chart timeframe — the band will remain synchronized with the fixed higher timeframe (e.g., 1W).
Use the white band to identify long-term support levels and invalidation points.
Support is often tested multiple times, and after holding, we usually see a continuation of the pump. However, if 2 weekly candles close below the white band, this indicates a bearish trend.
⚠️ Disclaimer:
This indicator does not provide buy/sell signals or predictions. It serves as a visual reference tool to assist in technical analysis by marking key support zones. Always use proper risk management strategies when making trading decisions.
Why Choose Support Band Level 2?
Support Band Level 2 provides a clear and reliable indication of market trends, making it an essential tool for long-term traders. The indicator helps you easily identify when the market is in a bullish or bearish phase:
Bullish when the price is above the white band.
Bearish when the price is below the white band.
Additionally, this indicator can also complement your day trading strategy. By combining it with your existing tools, you can follow a simple yet effective strategy:
Go long only when the price is above the white band.
Go short only when the price is below the white band.
Proven Performance:
Based on 10 years of backtesting using Bitcoin data, this indicator has shown strong reliability in identifying critical support and resistance levels.
It’s an invaluable tool for both long-term planning and short-term strategies, helping you make more informed trading decisions with ease.
Why Choose Support Band Level 2?
While many indicators can look visually impressive, the key focus of Support Band Level 2 is its practicality, simplicity and performance. I prioritize creating tools that work effectively in real market conditions, ensuring that you get in most cases good trading signals. This indicator is designed to provide actionable insights, not just aesthetics.
the strenght of this indicator is its backtesting.
this is not a financial advice
Overview:
Support Band Level 2 is a support band designed for long-term traders, providing a reliable support range based on a combination of SMA and EMA calculated on a fixed higher timeframe (default: 1W)
🧠 What Makes It Unique:
This band highlights the strongest support in a Bitcoin's bull market.
Unlike traditional SMA and EMA indicators, which can be confusing when multiple levels break or hold, the band clearly shows when support is holding or being broken. By using this band, you can avoid the uncertainty that comes from analyzing individual moving averages.
besides more than just code this indicator has a strategy and a extensive backtesting behind it.
🛠️ How to Use:
Apply it to any chart timeframe — the band will remain synchronized with the fixed higher timeframe (e.g., 1W).
Use the white band to identify long-term support levels and invalidation points.
Support is often tested multiple times, and after holding, we usually see a continuation of the pump. However, if 2 weekly candles close below the white band, this indicates a bearish trend.
⚠️ Disclaimer:
This indicator does not provide buy/sell signals or predictions. It serves as a visual reference tool to assist in technical analysis by marking key support zones. Always use proper risk management strategies when making trading decisions.
Why Choose Support Band Level 2?
Support Band Level 2 provides a clear and reliable indication of market trends, making it an essential tool for long-term traders. The indicator helps you easily identify when the market is in a bullish or bearish phase:
Bullish when the price is above the white band.
Bearish when the price is below the white band.
Additionally, this indicator can also complement your day trading strategy. By combining it with your existing tools, you can follow a simple yet effective strategy:
Go long only when the price is above the white band.
Go short only when the price is below the white band.
Proven Performance:
Based on 10 years of backtesting using Bitcoin data, this indicator has shown strong reliability in identifying critical support and resistance levels.
It’s an invaluable tool for both long-term planning and short-term strategies, helping you make more informed trading decisions with ease.
Why Choose Support Band Level 2?
While many indicators can look visually impressive, the key focus of Support Band Level 2 is its practicality, simplicity and performance. I prioritize creating tools that work effectively in real market conditions, ensuring that you get in most cases good trading signals. This indicator is designed to provide actionable insights, not just aesthetics.
the strenght of this indicator is its backtesting.
this is not a financial advice
Skrip sumber terbuka
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Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
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.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.
Penafian
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.