[TS] Sniper Support Resistance
This script is our Pivot Points and ATR based Support and Resistance indicator
-A Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, A resistance zone arises due to selling interest when prices have increased.
- By increasing the "S/R Multiplier" input, the user can change the distance from the S/R swing points
- By increasing the "S/R Length" input, the user can adjust the S/R Swing Points lookback length (pivot detection range)
-A Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, A resistance zone arises due to selling interest when prices have increased.
- By increasing the "S/R Multiplier" input, the user can change the distance from the S/R swing points
- By increasing the "S/R Length" input, the user can adjust the S/R Swing Points lookback length (pivot detection range)