OPEN-SOURCE SCRIPT
Simple Volume-Based Support & Resistance Indicator
Welcome to my open-source indicator that uses trading volume and market trends to identify potential support and resistance levels. This tool is great for seeing where the price might pause or reverse, helping you make more informed trading decisions.
Why You'll Love This Indicator:
Volume Awareness: It looks at how much trading is happening to better predict support (where the price might stop falling) and resistance (where the price might stop rising).
Trend Tracking: The indicator uses the market's ups and downs to refine these support and resistance areas.
Easy to Read: We've made the lines and zones clear and simple to understand, so you can focus on what matters.
How to Use This Tool:
No complicated settings needed! Since it's open-source, feel free to explore the code and tweak it if you like.
The chart will show support zones in green and resistance zones in red. These are your clues for potential price turns.
The Open-Source Advantage:
This script is completely open for you to use, modify, and share. I believe in community-driven improvements, so dive into the code, see how it works, and if you've got a knack for coding, you can even make it better!
Understanding the Chart:
You'll see the support and resistance levels dynamically drawn on your chart. Green shades are where the price might bounce up, and red shades indicate where it might bounce down.
This indicator is my way of giving back to the trading community. By sharing it openly, I hope we can all help improve it and learn from each other. Happy trading!
Why You'll Love This Indicator:
Volume Awareness: It looks at how much trading is happening to better predict support (where the price might stop falling) and resistance (where the price might stop rising).
Trend Tracking: The indicator uses the market's ups and downs to refine these support and resistance areas.
Easy to Read: We've made the lines and zones clear and simple to understand, so you can focus on what matters.
How to Use This Tool:
No complicated settings needed! Since it's open-source, feel free to explore the code and tweak it if you like.
The chart will show support zones in green and resistance zones in red. These are your clues for potential price turns.
The Open-Source Advantage:
This script is completely open for you to use, modify, and share. I believe in community-driven improvements, so dive into the code, see how it works, and if you've got a knack for coding, you can even make it better!
Understanding the Chart:
You'll see the support and resistance levels dynamically drawn on your chart. Green shades are where the price might bounce up, and red shades indicate where it might bounce down.
This indicator is my way of giving back to the trading community. By sharing it openly, I hope we can all help improve it and learn from each other. Happy trading!
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.