OPEN-SOURCE SCRIPT

Support and Resistance with Buy/Sell Signals

1 024
Swing Highs and Lows:

The script identifies swing highs and lows using the ta.highest and ta.lowest functions over a user-defined swing_length period.

Swing highs are treated as resistance levels.

Swing lows are treated as support levels.

Buy Signal:

A buy signal is generated when the price closes above the resistance level (ta.crossover(close, swing_high)).

Sell Signal:

A sell signal is generated when the price closes below the support level (ta.crossunder(close, swing_low)).

Plotting:

Support and resistance levels are plotted on the chart.

Buy and sell signals are displayed as labels on the chart.

Background Highlighting:

The background is highlighted in green for buy signals and red for sell signals (optional).

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.