OPEN-SOURCE SCRIPT
Res/Sup With Concavity & Increasing / Decreasing Trend Analysis
Updated
Purple means the concavity is down blue means concavity is up which is good.
Yellow means increasing, Red means decreasing.
Sup = Green
Res = Red
Yellow means increasing, Red means decreasing.
Sup = Green
Res = Red
Release Notes
Added a far more accurate resistance/support line generator.Also added plot shapes to indicate touches.
Not financial advice, however, please put ideas below of what you would like in the future.
Release Notes
Visual Change to Derivative Concave and Increase/Decrease indicatorWhtie means no signal. Green means both agree. Red means both disagree.
Release Notes
Added Range identifier highlights tightly bound price highlights yellow.Release Notes
Added the input for range accuracy lower is better too low = no range because prices are not usually exactly the same.Fixed-line 160.
Open-source script
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 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.