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Multi Timeframe Support & Resistance

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About This Indicator
This indicator plots support (pivot low) and resistance (pivot high) using the chart timeframe and second editable timeframe.

How it can be useful
Having higher timeframe support and resistance plotted on a lower timeframe chart helps keep you grounded in the current range the price is in. This can be useful when wanting to avoid taking longs at resistance and shorts at support.

How to use
Adjusting the look back and look ahead will impact how frequently the support and resistance lines move. When Price breaks above resistance or below support, the lines will not move until a new pivot high and pivot low are detected.

Disclaimer: Not Financial Advice
Nota Keluaran
You can now select both timeframes instead of being locked to the chart timeframe for the first timeframe. Added labels too.

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.