List of features: -MTF Support and Resistance -VWAP -PVSRA Candles
Usage instructions:
There are 4 boxes, each individual box can be assigned a separate time. The lookback period setting is used to specify the number of candles that you want to look back. The highesthigh and the lowestlow are now displayed as the support and resistance line of the respective lookback period. In addition to the support and resistance lines, fibonacci levels are calculated from top to bottom (resistance) and from bottom to top (support). These levels can be switched on and off using the "Fibb Level" button.
PVSRA candle colors meaning: Green (bull) and red (bear): Candles with volume >= 200% of the average volume of the 10 previous chart candles, and candles where the product of candle spread x candle volume is >= the highest for the 10 previous chart time candles. Blue (bull) and blue-violet (bear): Candles with volume >= 150% of the average volume of the 10 previous chart candles The PVSRA can be turned on and off using the "Vector Candle" button.
Good work mate ! It can be more useful if you could make it oscillator format
jlee462
⋅
Nice script. How are you calculating the s/r resistance? Also, what fibonacci levels are you drawing? The options for labels on the S/R lines would be great. Great work!!!!
Mishundare
⋅
@jlee462, Hey, glad you like the script! The lvl I used are 0.786, 0.618, 0.5, 0.382, 0.236. I like your idea of adding labels, if I find time I'll add them. Thanks