Patrick Walker Flat Base

This pine script is provide recent support and resistance.

Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line.

Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts.

There is 3 types of resistance generated by this script.

1) top resistance 1

when ema8 > ema21 and low > ema8 and gap between ema21 and sma50 is less than 10% and in last 3 days previous 4th days highs is not crossed by close.

2) top resistance 2

when close/open below ema21 and ema8 > ema21 and high >= ema8 and ema21 > sma50 and gap between ema21 and sma50 is less than 10%

3) bottom resistance

when ema8 < ema21 and close/open cross above ema8 but high < ema21

Notes de version:

changed condition for top resistance 1

now its only generate when ema8 or ema21 above sma50

Notes de version:

Added Relative Strength Line and Relative Strength 21 and 50 into the table

Notes de version:

added rsline 200 and rs 200

Notes de version:

bug fix in color code

Notes de version:

Added input value for gap between 21 & 50. so user can set as per their need.
Default value is 10

Notes de version:

updated condition for top resistance 1 and 2

minimum 3 days required ema8 > ema21

Notes de version:

Updated bottom resistance condition

added close need to be below sma50

removed high need be below ema21

Notes de version:

updated top resistance code condition to check ema8 > ema21 for at least 3 days

Notes de version:

updated bottom resistance code condition

Notes de version:

Added one more resistance code

i called it downdays resistance

when close < open but close > (high+low)/2 then its generate the resistance.

Notes de version:

bug fix in down days resistance condition

Notes de version:

Added volume condition for down days resistance

Notes de version:

updated bottom resistance condition

now it will check for close < ema21 and high >= ema21

Notes de version:

removed open/close above ema8 condition for bottom resistance code

Notes de version:

removed open < sma50 for bottom resistance code.

Notes de version:

Added 5 & 10 Days Pivot Points

Notes de version:

Added 20 days pivot point

Notes de version:

Added Hide / Show input for all the lines.

Notes de version:

changed bottom resistance condition to high > sma50 and close < sma50

Notes de version:

changed bottom resistance condition

Notes de version:

Added 252 days high resistance if next 15 days highest close is not crossed that high.

Notes de version:

Added option to draw recent latest 252 days high resistance or multiple in last 5 years
speed improvements in 252 days high resistance code.

Notes de version:

bug fix in 252 days recent high code

Notes de version:

Added option to hide/show Relative strength table

Notes de version:

bug fix in 10 days pivot point code

Notes de version:

bug fix in 10 days pivot points code

Notes de version:

code improvements in 252 days high resistance line.