# Earnings S/R Levels [LazyBear]

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These levels are based on price around earnings day. I have implemented support for 2 calculation modes:

Mode 1: Level = (low of 1 day prior to earnings + high of 1 day after earnings ) / 2.0
Mode 2: Level = ( hl2 of 1 day prior to earnings + hl2 of 1 day after earnings + close from earnings day) / 3.0

Chart above shows "Mode 1". Mode can be changed via options page.

This indicator was requested by user @mika2k1ff. I learnt more about this idea from @DanV and @TimWest (Thanks guys :)). BTW, TimWest has an indicators package, "Key Hidden Levels", that has this and more.

Do let me know how you use this, I am very intrigued by the potential this idea shows. Thanks.

For a complete list of my indicators:
- Chart:
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Rumah. Anda boleh menyukai skrip ini untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?
```//
// @author LazyBear
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study("Earnings S/R Levels [LazyBear]", shorttitle="ELVLS_LB", overlay=true)
mode=input(1, "S/R mode", minval=1, maxval=2)
earnings = security("ESD:"+ticker+"_EARNINGS", "D", close, true)
ehl2_mode1=(nz(earnings[1]) ? avg(low[2],high) : nz(ehl2_mode1[1])) // AVG2(low of 1 day pri, high of 1 day after)
ehl2_mode2=(nz(earnings[1]) ? (hl2[2]+hl2+close[1])/3 : nz(ehl2_mode2[1])) // AVG3(HL2 of 1 day pri, HL2 of 1 day after, close of earnings day)
ehl2=mode==1?ehl2_mode1:mode==2?ehl2_mode2:ehl2_mode1 // default: mode1
plot(ehl2, linewidth=2, style=circles)```
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

## Komen

buddy looks really promising ..

it doesnt work on indian stocks .. kindly help
Balas
I also picked up this idea back in 1997 from reading Martin Pring's book "Technical Analysis Explained".

Can you make support / resistance for monthly options expiration's. He also mentioned this idea.
Balas
QuantitativeExhaustion
That sounds like a great idea.
Balas
QuantitativeExhaustion
monthly options expirations? Can you point me to how I view them now here at TV? Thx
Balas
thank you so much
Balas
doesnt work on bitcoin is that true? or is there a way? thanks!
Balas
Hello LB. I was wondering if you could take look at this indicator. It doesn't seem to be working properly. Please let me know. Thank you
Balas
I imagine this could be very useful for Forex traders IF it could be adjusted for High Impact news releases!!! Rate decisions, GDP reports, etc etc.
Balas
cooney_s
If they are exposed to Pine, surely we can adapt this to that. Thanks for the idea.
Balas
Thanks, LB!
Balas
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