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Support et Résistance

MACD S/R signal indicatorI've based the script on my MACDs/r indicator. I think it works better on higher timeframes, this is just an experiment, please feel free to modify it. I have been testing it with parabolic SARS to know when to exit the trades. Exit condition: if I'm in a log position and the price is below the last bearish parabolic SARS dot I exit the trade and the opposite for shorts DISCLAIMER: Is just an experiment and I haven't test it with real money, be careful
Indicateur Pine Script™
par miguel42815
2
VWAP and previous VWAP for Support & Resistance for D W MI overhauled my old multi timeframe VWAP script to make the VWAP OC-Check work for all timeframes. Now only one function is used to calculate the 3 preset VWAPs. Previous VWAPS = the price where the last session closed sometimes work as Support and Resistance. The OC-Check Mode theory examines if the VWAP from the Open is above or below the VWAP from Close and if price is above or below normal VWAP (HLC3). This way we have 4 states: Red = Strong Downtrend Orange = Weak Downtrend Blue = Weak Uptrend Green = Strong Uptrend As always it is just a theory - nothing is set in stone regarding any indicator.
Indicateur Pine Script™
par MartinWeb
12
Price Pivots for NSE Index & F&O StocksPrice Pivots for NSE Index & F&O Stocks What is this Indicator? • This indicator calculates the price range a Stock or Index can move in a Day, Week or Month. Advantages of this Indicator • This is a Leading indicator, not Dynamic or Repaint. • Helps to identify the tight range of price movement. • Can easily identify the Options strike price. • The levels are more reliable and authentic than Gann Square of 9 Levels. • Develops a discipline in placing Targets. Disadvantages of this Indicator • The indicator is specifically made for National Stock Exchange of India (NSE) listed index and stocks. • The indicator is calculated only for index NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY and Stocks listed in Futures and Options. • The indicator shows nothing for other indexes and stocks other than above mentioned. • The data need to be entered manually. • The data need to be updated manually when the F&O listed stocks are updated. Who to use? Highly beneficial for Day Traders, it can be used for Swing and Positions as well. What timeframe to use? • Any timeframe. • The highlighted levels in Red and Green will not show correct levels in 1 minute timeframe. • 5min is recommended for Day Traders. When to use? • Wait for proper swing to form. • Recommended to avoid 1st 1 hour or market open, that is 9.15am to 10.15 or 10.30am. • Within this time a proper swing will be formed. How to use? Entry • Enter when the Price reach closer to the Blue line. • Enter Long when the Price takes a pullback or breakout at the Red lines. Exit • Exit position when the Price reach closer to the Red lines in Long positions. What are the Lines? Gray Lines: • Every lines with price labels are the Strike Prices in the Option Chain from NSE website. • Price moves from 1 Strike Price level to another. • The dashed lines are average levels of 2 Strike Prices. Red & Green Lines: • The Red and Green Lines will appear only after the first 1 hour. • The levels are calculated based on the 1st 1 hour. • Red Lines are important Resistance levels, these are strong Bearish reversal points. It is also a breakout level, this need to be figured out from the past levels, trend, percentage change and consolidation. • Green Lines are important Support levels, these are strong Bullish reversal points. It is also a breakdown level, this need to be figured out from the past levels, trend, percentage change and consolidation. What are the Labels? • First Number: Price of that level. • Numbers in (): Percentage change and Change of price from LTP(Last Traded Price) to that Level. How to use? Entry: • Enter when price is closer to the Red or Green lines. • Enter after considering previous Swing and Trend. • Note the 50% of previous Swing. • Enter Short when price reverse from each level. • If 50% of swing and the pivot level is closer it can be a good entry. Exit: • Use the logic of Entry, each level can be a target. • Exit when price is closer to the Red or Green lines. Indicator Menu Source • Custom: Enter the price manually after choosing the Source as Custom to show the Pivots at that price. • LTP: Pivot is calculated based on Last Traded Price. • Day Open: Pivot is calculated based on current day opening price. • PD Close: Pivot is calculated based on previous day closing price. • PD HL2: Pivot is calculated based on previous day average of High and Low. • PD HLC3: Pivot is calculated based on previous day average of High, Low and Close. "Time (IST) (Vertical)" • This is a marker of every 1 hour. • Usually major price movement happen between previous day last 1 hour (2:15 pm) to today first 1 hour (10:15 pm). • Two swings can happen between first 2 hour of current day. • At the end of the day last 1 hour from 2.15 pm another important movement will happen. • Usually rest of the time won't show any interesting movement. To the Users • Certain symbols may show the levels as a single line. For such symbols choose a different Source or Timeframe from the indicator menu. • Please inform if any of the Symbol's price levels don't react to the pivots, include the Symbol a well. • Also inform if you notice any wrong values, errors or abnormal behavior in the indicator. • Feel free to suggest or adding new features and options. General Tips • It is good if Stock trend is same as that of NIFTY trend. • Lots of indicators creates lots of confusion. • Keep the chart simple and clean. • Buy Low and Sell High. • Master averages or 50%. • Previous Swing High and Swing Low are crucial.
Indicateur Pine Script™
par Arun_K_Bhaskar
19
Trendlines Boll Ichi S1 by GammaprodI. How to use this indicator : ------------------------------ I.1. Set your teadingview theme to dark theme. I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto. I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) : - Timeframe 1m, 5m, and 15m for Scalping - Timeframe 30m, 1h and 4h for Intraday - Timeframe 4h, 1D and 1W for Swing Trading I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) : - Trendlines Boll Ichi S1 by Gammaprod - MACD Volume S2 by Gammaprod - Stoch RSI Divs Zone S2 by Gammaprod ============================================================================ II. How to setting : -------------------- II.1. Trendlines Boll Ichi Crypto by Gammaprod II.1.A. Support and Resistance - Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more II.1.B. Trendlines Primary or Trendlines Secondary - Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary - Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support). - Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support). II.1.C. Bollinger, Ichimoku Cloud and Lagging Span - Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below) II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT) II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT) ============================================================================ III. How to read : ------------------ III.1. Sell or Buy Priority : III.1.A. Sell Priority - Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell) III.1.B. Buy Priority - Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy) III.1.C. Indecision / Golden Moment - Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment. III.2. Trend / Consolidation : III.2.A. BULLISH trend - When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle. III.2.B. BEARISH trend - When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle. III.2.C. CONSOLIDATION - When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle. III.3. Special Mark III.3.A. Ideal Bullish : - Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy III.3.B. Not an Ideal Bullish : - Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern III.3.C. Ideal Bearish : - Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position. III.3.D. Not an Ideal Bearish: - Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) : - When Stoch RSI line shaping GREEN position is near 20. - MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE. - Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment). III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) : - When Stoch RSI line shaping PINK position is near 80. - MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN. - Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment). III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger): - Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell ============================================================================ IV. How to OPEN position: ------------------------- IV.1. Bullish IV.1.A. Trendlines Boll Ichi S1 by Gammaprod - The candles above the green cloud. - Lagging span (red line) above the candles. - then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below). IV.1.B. MACD Volume S2 by Gammaprod - Teal or Green background. - The lines is shaped or shaping green. - Better if at the green histogram. IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod - Teal or Green background. - The lines is shaping green. - Better if on the bottom (at a range 20). IV.2. Bearish IV.2.A. Trendlines Boll Ichi S1 by Gammaprod - The candles below the purple cloud. - Lagging span (red line) below the candles. - then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below). IV.2.B. MACD Volume S2 by Gammaprod - Pink or purple background. - The lines are shaped or shaping green. - Better if at the pink histogram. IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod - Pink or purple background. - The lines are shaping pink. - Better if the line on the top (at a range 80). IV.3. Consolidation IV.3.A. Trendlines Boll Ichi S1 by Gammaprod - The candles on the cloud (green or purple). - Lagging span (red line) on the candles. - then open buy near the white or blue line (always confirm the position with two other indicators below). IV.3.B. MACD Volume S2 by Gammaprod - Changing the background. - The line is near the middle line. - Have small Histogram. IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod - Mix background specially on a timeframe 15m or more. - The line move fast up and down. - Better if on the bottom or the top of the lines (at a range 20 or 80). ============================================================================ >> The secret ingredient is comparing the timeframe : The example scalping (Timeframe 1m, 5m and 15m) - TF 1m is for making an open position. - TF 5m is for making a judgement of the trend market. - TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal. There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
Indicateur Pine Script™
par Gammaprod
16
VWAP Band TrendThis indicator combines two features: VWAP bands for range trading and trends for trend-following. The white bands offer support/resistance levels ideal for range trading: short when rejecting off the upper band, long when rejecting off the lower. Take profit either when hitting the (faint gray) midline and/or when hitting the band on the far side. The trend analysis shows green or red ranges above or below the bands to indicate trend strength - larger swaths of green or red indicates strong trend while shorter swathes indicate weak. If the upper trend color doesn't match the lower trend color, the trend is undecided or transitioning. Optionally, trend initiation indicators can be turned on to show above/below candles where a trend switch is taking place.
Indicateur Pine Script™
par Austimize
5
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based) What is the indicator? • The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag. Who can use? Scalpers to Long term investors What timeframe to use? • Any timeframe What are the lines? • Green lines are Support levels. • Orange lines are Resistance levels. How to use? • Buy Low and Sell High. • Brighter zones means strong Support or Resistance. • Weaker zones appear lighter. • Brighter zones are formed by overlapping of lines from multiple levels of support or resistance. Indicator Menu • The indicator can input 5 different Lengths. • The default settings uses 13, 21, 52, 100 & 200. • Every option are customizable.
Indicateur Pine Script™
par Arun_K_Bhaskar
19
Jurik-Filtered, Gann HiLo Activator [Loxx]Jurik-Filtered, Gann HiLo Activator is a Gann HiLo activator that has been smoothed using Jurik Filtering to reduce noise and better identify trending markets. What is Gann HiLo The HiLo Activator study is a trend-following indicator introduced by Robert Krausz as part of the Gann Swing trading strategy. In addition to indicating the current trend direction, this can be used as both entry signal and trailing stop. Here is how the HiLo Activator is calculated: 1. The system calculates the moving averages of the high and low prices over the last several candles. By default, the average is calculated using the last three candles. 2. If the close price falls below the average low or rises above the average high, the system plots the opposite moving average. For example, if the price crosses above the average high, the system will plot the average low. If the price crosses below the average low afterward, the system will stop plotting the average low and will start plotting the average high, and so forth. The plot of the HiLo Activator thus consists of sections on the top and bottom of the price plot. The sections on the bottom signify bullish trending conditions. Vice versa, those on the top signify the bearish conditions. What is Jurik Volty used in the Juirk Filter? One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive. What is the Jurik Moving Average? Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines. Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun. Included -Toggle bar color on/off
Indicateur Pine Script™
par loxx
5
Intra-variety Timeframe Floating Fibonacci Levels [Loxx]Intra-variety Timeframe Floating Fibonacci Levels is an intraday, intraweek, and intramonth indicator to be used for scalping on lower timeframes. The indicator paints the developing fibonacci retracement levels as they change overtime over the selected intra-variety timeframe chosen. This indicator acts as another way to gauge support and resistance levels. What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets. Fibonacci retracement levels were named after Italian mathemetician Leonardo Pisano Bigollo, who was famously known as Leonardo Fibonacci. However, Fibonacci did not create the Fibonacci sequence. Fibonacci, instead, introduced these numbers to western Europe after learning about them from Indian merchants. Fibonacci retracement levels were formulated in Ancient India between 450 and 200 BCE. Details -Change Fibonacci levels -Select day, week, or month timeframe
Indicateur Pine Script™
par loxx
6
Waddah Attar Hidden Levels [Loxx]Waddah Attar Hidden Levels is a dynamic indicator of support of resistance built by Ahmad Waddah Attar Details -Uses data from the Daily time frame only -Used for intraday trading, restricted to timeframes 1 hour and below -Best Time Frames 15, 30, 60 minutes -Draws support and resistance lines on chart inside a boundary of fibonacci levels How to use Waddah Attar Hidden Levels -Breakout trading indicator -Buy at the broken red line, or insert pending buy order -Sell at the broken green line, or insert pending buy order -Take profit/Stop-loss at blue lines
Indicateur Pine Script™
par loxx
7
SGX Nifty Movement During Indian Market HoursSGX Nifty or Singapore Nifty is a derivative contract of the Nifty 50 index which is the benchmark index of NSE in India. SGX Nifty trades for 21 hours in a day while Nifty 50 trades only for 6 hours and 15 minutes. Traders in India miss out on a lot of price action which happens on the Singapore Nifty. This code which is originally inspired from @Gustavorubi has been modified to track SGX Nifty's movements outside Indian market hours. This will help intraday traders to identify support and resistance levels which are not seen on Nifty 50 futures. This source code is inspired from GustavoRubi's code on FX Sessions.
Indicateur Pine Script™
par apurvansheth
16
SuperTrend Trapping Candle StrategyHello traders! How this indicator works? The main functionality of this indicator is to find entry based upon SuperTrend indicator. This indicator helps us to find trapping candle to enter into the market. What is a trapping candle? A trapping candle is a candle that shows strength in opposite direction to SuperTrend. This helps us to enter in a trade before the move start in the current trend's direction. There are two types of trapping candles signals I have added currently: 1. Volume is high than previous candle in the opposite direction. 2. 3 candles of opposite direction with decreasing volume . How to enter in a trade in uptrend market? SuperTrend shows a green signal A green triangle formed below red candle Enter into the trade when price is above red candle high SL could be place below red candle or swing low if it is near How to enter in a trade in downtrend market? SuperTrend shows a red signal A red triangle formed above green candle Enter into the trade when price is below green candle low SL could be place above green candle high or swing high if it is near How to avoid to enter in a trade in sideways market? You can follow price action strategies Or you can follow some indicator to find sideways market Indicator settings and how to change? ATR Length - For SuperTrend, this is default value. Factor - For SuperTrend, changed to 2 to provide fast signals. Candle Height - For trapping candle price, default set to 0.003% of the current price.
Stratégie Pine Script™
par thehemantkaushik
2
Auto Support & Resistance With Wick Signals & Percentage GapsThis auto support and resistance indicator uses percentage deviations from the previous session close to calculate levels. It provides arrows as signals when it detects 2 wicks in the last 5 bars from a support or resistance level. Includes alerts for price crossing any level as well as real time percentage gaps from current price to the next closest support and resistance level. You also have the option to set up to 3 major levels of your own for any levels that are very important on longer timeframes that you want included. Those will show on the chart as well as within your percentage gap table with color coded background. All features can be customized or turned off to suit your preferences. SOURCE This indicator uses the previous session close as a source by default but can be adjusted to use the previous session high or the previous session low. I find the close setting to provide the most accurate levels. SESSION The default setting for the previous session used is the daily session but can be adjusted to use the daily, weekly, monthly, quarterly or yearly session. Use longer sessions when looking at longer time frame charts. SIGNALS The signals by default are set to only show an arrow if there have been 2 bullish or bearish wicks off of a support or resistance level in the last 5 bars. This can be changed to one bullish wick off of support and one bearish wick off of resistance or it can be set to give a signal anytime a bar crosses a support or resistance level. This can be controlled in the indicator settings. PERCENTAGE DEVIATION LEVELS The default percentage deviation is set to 1% but can and should be adjusted according to whatever ticker you are using. For example use .25% or .5% when looking at forex intraday charts since they are not as volatile as other markets. For leveraged etfs used 1% multiplied by the leverage on the etf, so for SQQQ use 3% as it is a 3x leveraged etf. When looking at longer timeframes or highly volatile charts, set the percentage deviation to 2%, 5%, 10%, etc. LINE COLORS The color of the lines will change from red to green depending on if the price is above or below that level. You can customize these colors in the settings. MAJOR LEVELS If you have major levels of support and resistance from longer timeframes and your own charting, you can add up to 3 major levels that will show on the chart as well as show the percentage gaps in the table. The label for each major level will be colored to match the color of the line on the chart individually. PERCENTAGE GAP TABLE The gap table will update live with percentages to go from current price to the next closest support and resistance levels so you don’t have to calculate them manually. The position of the percentage gap table can also be changed within the indicator settings. TURN FEATURES ON/OFF There are 3 toggle switches so you can easily turn on or off certain features such as: the support and resistance lines, the percentage gaps table and the arrow signals. LINE WIDTHS You can also set the line width of all levels and the line width of the starting level within the indicator settings. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This automatic support and resistance indicator can be used on all timeframes as long as there is enough data for the session used. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spike Scanner, Volume Profile, Momentum and Trend Friend in combination with this auto support and resistance indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicateur Pine Script™
par FriendOfTheTrend
18
Resistance/Support Indicator - FontiramisuIndicator showing resistances and support, based on pivots location When a new pivot location is near from a resistance/support the latter gains weight. You can modify multiple parameters : Nb Max res/sup : Define the number max res/sup to keep in our res/sup history array. The greater it is the older bar index will be taken. Nb show res/sup : Define the number of res/sup to be drawn. Min weight shown : Define min res/sup weight to be shown. Weight is used to measure strengh of res/sup. % range stack : Define price percentage change required to stack a pivot into an existing res/sup. Default is 0.015 = 1.5%. Pivots are calculated with deviation parameter to validate with more precision. Fontilab Library is used to code this indicator.
Indicateur Pine Script™
par Fontiramisu
High/Low/Open/Close Daily, Weekly, Monthly Line I wrote this for the purpose of saving time while marking up charts by automating the process of drawing and labeling lines at areas of interest on larger timeframes while still having the option to change the style and size of the lines and labels to adjust for any timeframe and avoid a messy chart. I also used this as an exercise in menu organization giving users every imaginable option and producing clean readable code. - This indicator draws a line on the Daily, Weekly, and Monthly bar at the High, Low, Open and Close of each bar as price tends to react when revisiting these areas. - Each set of bars has an optional identifying label with its own color set that can be shown with or without the lines price value, and has drop down menus for size and style of each set of labels. - Each set of lines has inputs for line/text color, line width and style, and can be hidden if the user doesn't have the need for any particular timeframe. - Lines and Labels with delete when a new line is created. - I recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top of the indicator list to avoid an obstructed chart view with this indicators arguments. When Pine allows, I will update it to hide them. Contains some public domain code from T.V. manuals and tutorial for creating drop down input menus for options. / ~For My Pal Jittery~ ~ Who likes his clean chart and custom colors~
Indicateur Pine Script™
par goofoffgoose
58
HSRL - historical support resistance linesHSRL provides an indicator of how support and resistance are changing over time. It calculates the percent change in lows, and percent change in highs, then plots them. The HSRL is calculated as the support change - the resistance change. Can be effective in confirming trends, with green being the most bullish, yellow being semi bullish and red being a bearish indicator, where resistance and support are falling.
Indicateur Pine Script™
par spiritualhealer117