The black line is the current real price, and it's middle of the channel. when close price is in the channel,it means that the market is in balance. the market need a lot of energy to leave the channel,if the price can leave the channel,the channel will become support or pressure. 缠论中枢(简化版),没有行情时价格围绕黑色线上下波动,价格离开中枢需要较大的量能,一旦成功离开中枢,这个中枢将会变成支撑(压力). 同时他可以用作横盘位置识别
"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals. What does the script do? Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings. Plots Fibonacci retracement levels...
Break The idea of this indicator is to show the price trend, the pivot-based control points and possible Long and short trades. The pivot points create levels of support and resistance, if the price breaks the resistance means that the price is bullish, if the price breaks the supports means that the price is bearish. It shows the highs and lows based on pivot...
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...
MTPSR provides 6 boards to watch pivots, supports, and resistances in cross timeframes. By default, timeframes are 15m, 30m, 1hr, 2hr, 4hr, and 1D with the current ticker, but they are changeable on indicator setting. The Pivot, Support, and Resistances have 2 algorithms; Fibonacci or Classic. Default is Classic, but you can change on indicator setting. MTPSR...
Here is my take on BB and MTF, based on the most excellent work of "PineCoders" (MTF Selection Framework functions)! The big advantage is that on 1 image you can easily see where price is compared to 5 or less BB Bands (each of different Time Frames). This gives a lot of Support and Resistance area's! Includes: - 1 Bollinger Bands (can be...
Dear Followers, yet another great tool! Gann was historically a great trader, who strictly followed his theory and died so rich! Gann Fan is a great indicator: it draws a series of trendlines from important highs and lows in the chart and, as you will see from the chart itself, price action feels those trendlines, which acts as support and resistance ! Once...
I've made SMA/EMA's NOT based on the principle of the 2(1+1), 3(2+1), 5(3+2), 8(5+3), 13(8+5), 21(13+8), 34(21+13), 55(34+21), ... numbers, but based on these following Fibonacci numbers: 0,236 0,382 0,500 0,618 0,764 1 Ending up with 2 series of Fibma / Fibema: "Tiny Fibma / Fibema": 24, 38, 50, 62, 76, 100 "Big Fibma / Fibema": 236, 382, 500, 618, 764,...
Andrew Abraham It can be used as: - stop loss indicator - indicator of support and resistance - buy and sell signals
Plots yesterday's low and high, and the current day's open, as intraday support/resistance levels.
The Ichimoku Cloud is a hybrid indicator combining numerous technical indicators that show support and resistance levels, as well as indicating momentum and trend direction. Ichimoku does so by taking multiple, pre-set price moving averages and plotting them on the chart in line form. It also uses these inputs to create a "cloud" which intends to forecast where...
This is a trend indicator utilizing a 9-period exponential moving average, known as the Trigger Line. When price is above the Trigger Line both the candles and Trigger Line are colored green, indicating an uptrend for price. Price will tend to find support at the Trigger Line when trending above the Trigger Line. When price is below the Trigger Line both the...
Market Structure The Market Structure is important to be able to establish areas of rejection or possible break, to determine channels, points of possible reversals or trend breaks. So we can use them as support and resistance zones for stoploss and take profit. - This indicator will automatically show the market structure. - Allows you to calculate the...
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...
Automatically plots Fibonacci Retracement levels. Uses the all time high (ATH) for a specified number of days back, and the lowest value since the ATH, to plot the levels.
1. Previous daily Support and resistance levels ( Not showing on chart - Needs to be used on lower tf ) 2. Previous Weekly Support and resistance levels Blue circles = Weekly Support Yellow circles = Weekly resistance This setting is currently set to "0 days" so when you open the script it wont show. On chart previous weekly is set to "10...
1. Two different support and resistance levels. One that focuses on price action and one for wicks. (Wicks needs to be turned on) 3. 20 ema trendfollowing. Bars change color. when price is over/under ema. 4. Bar color levels also work with rsi levels. Currently set to 0-100. If you only want bars to change color when the rsi is overbough/oversold. simply just...
Version 0.1 Using Pivots / Swing Point detection, this script plots the final swing candle's body span from top to bottom with an extended horizontal line, with a mid-channel point at 50% between open and close. Once the trend changes, these zones serve as support and resistance zones, and can help identify breakouts from ranges and probable reversal points...