OPEN-SOURCE SCRIPT
Support and Resistance Non-Repainting [AlgoAlpha]
Elevate your technical analysis with the Non-Repainting Support and Resistance indicator from AlgoAlpha. Designed for traders who value precision, this tool highlights key support and resistance zones without repainting, ensuring reliable signals for better market decisions.
Key Features
How to Use
Add the Indicator: Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy.
Analyze the Chart: Look for zones where prices frequently react, indicating strong support or resistance.
Set Alerts: Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves.
How It Works
The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingView’s built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.
Key Features
- 🔍 Concise Zones: Identifies critical levels in real-time without repainting.
- 🖍 Customizable Appearance: Choose your preferred colors for bullish and bearish zones.
- 📏 Pivot Sensitivity Settings: Adjust the lookback period to fit different market conditions.
- 🔔 Visual Alerts: Highlights zones on your chart with clear, dynamic boxes and lines.
How to Use
Add the Indicator: Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy.
Analyze the Chart: Look for zones where prices frequently react, indicating strong support or resistance.
Set Alerts: Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves.
How It Works
The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingView’s built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.
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.
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❓Do you have feedback or indicator ideas? Join our server to tell us about it!
🚨Get premium: algoalpha.io
🛜Get FREE signals: discord.gg/xCmqTVRexz
❓Do you have feedback or indicator ideas? Join our server to tell us about it!
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.