OPEN-SOURCE SCRIPT

[PX] Lookback Level

Hey guys,

this indicator detects support and resistance level based on the number of times a level got tested in a certain range.

How does it work?

In the user input settings, you will be able to choose between two modes "Tested Level" and "Untested Level".

"Tested Level" will be detected by the number of times a certain low or high got tested in the "Lookback"-range, while fitting in the "Deviation"-range of the specific high or low. A crossing of the level is allowed. The "Untested Level" work the same way, but crossings of the level will eliminate it.

The indicator is highly dependent on which input you will use. Please play around with the settings and see how it works on different timeframes and symbols.

As always, it comes with styling options for the levels.

If some of you find it useful, please leave a like and hit the follow button :)

Happy trading,
paaax

Demand ZonelevelSupply ZonesupportSupport and Resistance

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.

Ingin menggunakan skrip ini pada carta?


🙋‍♂️Listed as "Trusted Pine Programmer for Hire"

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🔓Indicator access: dize-trading.de/

🔒Trial access: discord.gg/DqwKjBZ8Qe
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