OPEN-SOURCE SCRIPT

Support Resistance - Dynamic

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This is Dynamic Support / Resistance script.

How it Works?

It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the option menu there is S/R Strength, this is the minimum number of Pivot Points that each channel must contain to be S/R. calculation starts from last pivot point and go back for "loopback period" which is 300 by default. so last Pivot Points have more priority. Finally after calculating Support/Resistance it draws lines.

Number of Support/Resistance line is Dynamic and up to 20 lines, that means number of lines changes dynamically. you can see how the script puts Suppport/Resistance lines dynamically by "Replay" button. (if I have time I will try to put a video)

Currently the scripts checks up to 40 pivot points in loopback period. it shows up to 20 S/Rs only for visible area in the chart.

There is option to Show S/R lines as Solid, Dotted or Dashed.

syot kilat
syot kilat


Enjoy!
Nota Keluaran
Add LineColor option. Blue, Red, Lime, White, Black color can be selected as line color.
Nota Keluaran
Default value of "Loopback Period" was changed to 284 to show lines automatically (visible area). Thanks to @mikhail7447
Nota Keluaran
minor update.
Nota Keluaran
Line coloring option updated. no limitation now. (users request)
Nota Keluaran
Arrays are used instead of lots of individual variables
- "Support Broken" and "Resistance Broken" alert added. in the alert messages you can see the closing price and broken S/R levels.
- a few minor improvements.
- "Label location" option added. you can change location of the labels now.
-- if you set it 0 then labels appears on the last bar
-- if you set it + numbers then labels appears on the future bars
-- if you set it - numbers then labels appears on the historical bars
by default Label location is 20 (+20 => future bars)

for example if you set it -50 then labels shown on last 50. bar
syot kilat

Enjoy!
Nota Keluaran
Fixed Pivot High/Low labels.
alertalertsBreadth IndicatorsdynamiclonesometheblueresistancessupportSupport and ResistanceVolatility

Skrip sumber terbuka

Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

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