Formation Defined Moving Support and Resistance

21 oct. 2018

Support and resistance are defined on a formation algorithm. S/R are being redefined when formation reoccur however they are also moving if support or resistance are broken from previous formation defined points.

22 oct. 2018

Notes de version

- A little bug fix on algorithm.

22 oct. 2018

Notes de version

- Added option for non moving (adaptive) S/R levels.
- Added option for color the bar yellow where new formation defined. (When related bar is opened, script does not repaint.)

22 oct. 2018

Notes de version

- Option added to define S/R depending Low/High
- Formation algorithm has been updated regarding new formation definition.

22 oct. 2018

Notes de version

- Minor bug fix on formation definitions.

23 oct. 2018

Notes de version

- New formation design added to algorithm.
- Minor bug fixes.

23 oct. 2018

Notes de version

- New formation designs added to algorithm. (Now script recognizes 9 formations.)
- Bug fix for missing formations.

il y a 4 jours

Notes de version

The script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source.

Please use the new version: https://www.tradingview.com/script/z5HrceDA-Formation-Defined-Moving-Support-and-Resistance/