OPEN-SOURCE SCRIPT
Telah dikemas kini Patrick Walker Flat Base
This pine script is provide recent support and resistance.
Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line.
Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts.
There is 3 types of resistance generated by this script.
1) top resistance 1
when ema8 > ema21 and low > ema8 and gap between ema21 and sma50 is less than 10% and in last 3 days previous 4th days highs is not crossed by close.
2) top resistance 2
when close/open below ema21 and ema8 > ema21 and high >= ema8 and ema21 > sma50 and gap between ema21 and sma50 is less than 10%
3) bottom resistance
when ema8 < ema21 and close/open cross above ema8 but high < ema21
Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line.
Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts.
There is 3 types of resistance generated by this script.
1) top resistance 1
when ema8 > ema21 and low > ema8 and gap between ema21 and sma50 is less than 10% and in last 3 days previous 4th days highs is not crossed by close.
2) top resistance 2
when close/open below ema21 and ema8 > ema21 and high >= ema8 and ema21 > sma50 and gap between ema21 and sma50 is less than 10%
3) bottom resistance
when ema8 < ema21 and close/open cross above ema8 but high < ema21
Nota Keluaran
changed condition for top resistance 1now its only generate when ema8 or ema21 above sma50
Nota Keluaran
Added Relative Strength Line and Relative Strength 21 and 50 into the tableNota Keluaran
added rsline 200 and rs 200Nota Keluaran
bug fix in color codeNota Keluaran
Added input value for gap between 21 & 50. so user can set as per their need.Default value is 10
Nota Keluaran
updated condition for top resistance 1 and 2minimum 3 days required ema8 > ema21
Nota Keluaran
Updated bottom resistance conditionadded close need to be below sma50
removed high need be below ema21
Nota Keluaran
updated top resistance code condition to check ema8 > ema21 for at least 3 daysNota Keluaran
updated bottom resistance code conditionNota Keluaran
Added one more resistance code i called it downdays resistance
when close < open but close > (high+low)/2 then its generate the resistance.
Nota Keluaran
bug fix in down days resistance conditionNota Keluaran
Added volume condition for down days resistanceNota Keluaran
updated bottom resistance conditionnow it will check for close < ema21 and high >= ema21
Nota Keluaran
removed open/close above ema8 condition for bottom resistance codeNota Keluaran
removed open < sma50 for bottom resistance code.Nota Keluaran
Added 5 & 10 Days Pivot PointsNota Keluaran
Added 20 days pivot pointNota Keluaran
Added Hide / Show input for all the lines.Nota Keluaran
changed bottom resistance condition to high > sma50 and close < sma50Nota Keluaran
changed bottom resistance conditionNota Keluaran
Added 252 days high resistance if next 15 days highest close is not crossed that high.Nota Keluaran
Added option to draw recent latest 252 days high resistance or multiple in last 5 yearsspeed improvements in 252 days high resistance code.
Nota Keluaran
bug fix in 252 days recent high codeNota Keluaran
Added option to hide/show Relative strength tableNota Keluaran
bug fix in 10 days pivot point codeNota Keluaran
bug fix in 10 days pivot points codeNota Keluaran
code improvements in 252 days high resistance line.Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip sumber terbuka
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.