This script is based on Bollinger Bands/Bandwidth data and displays support and resistance levels (thick horizontal lines), the direction/volatility of the levels (thin dynamic lines), and the testing of the levels (cross markers).
Release Notes
upgraded to Pine Script v5
added alerts (for new levels and tests)
updated settings menu
added Extensions setting to extend latest SR lines
updated colors
Release Notes
This indicator is now easier to view when using in conjunction with other Cosmic indicators.
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.