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Support and Resistance

Grid Bot SimulatorThis script is a grid bot simulator for ranging/choppy markets. Prices are divided into grids, or trade zones, that will trigger signals each time a new zone is entered. During ranging markets, each transaction is followed by a “take profit.” As the market starts to trend, transactions are stacked (compare to DCA), until the market consolidates. No signals are triggered above the Upper Limit or Below the Lower Limit. Settings overview: Upper Limit/Lower Limit : Highest and Lowest values for entire grid. Number of Grids : Number of trade zones. Show Grids : Show or hide all gridlines. Show Only Current Grids : Only display the grids just above and just below the current trade zone. High/Low for signals : If enabled, signals are triggered as soon as the price touches the next zone. If disabled, signals are triggered after bar closes. Enable this for “Once Per Bar alerts. Disable for “Once Per Bar Close” alerts. Highlight Trade Zones The grid bot should work well during ranging/choppy markets. Each zone will have only one trade, and then will immediately take profit in the next zone. Ranging/Choppy Market However, trending markets can produce multiple signals in rapid succession: Trending Market If the gridlines are compressing the chart space, enable the “Show Only Current Grids” in settings. Show Only Current Grids disabled Show Only Current Grids enabled When changing symbols, adjust the Upper and Lower Limits to accommodate the new symbol. Otherwise, the chart will look compressed. XBTUSD chart with ETHUSDT settings The bot is a proof-of-concept and is considered experimental . Possible future updates will include Fibonacci grids and “smart entry/exits,” depending on the current trend. Comments and suggestions are encouraged.
Pine Script™ indicator
by xxattaxx
87
Local LimitsDisplays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators. In its simplicity is a lot more powerful than might appear at first glance. Does not rely on volatility calculation. Can be linked together to create an objective view of recent support and resistance levels. Makes current trends more visible. Excellent for use as a trailing stop algorithm. Parameters Single Bar Sensitivity: True (default) reacts to individual bars. False only responds to the alignment of 2 bars. Margin (1-5): Adds extra distance from higher lows and lower highs to reduce the sensitivity of broken trends. Single indicators with configurable sources: Local Limit Higher Local Limit Lower
Pine Script™ indicator
by Electrified
Pre and Market OpeningsPre and Market Openings is to enable you to quickly visualize the opening markets and how they could influence trading. The below script has used the market time data from the below links: Tokyo/Asia www.tradinghours.com London www.tradinghours.com New York www.tradinghours.com The below script aims to plot: Daily Asia Open Weekly Asia Open Daily London Open Weekly London Open Daily New York Open Weekly New York Open Using background colour it also shows market sessions (pre-market) for London and New York and regular for London, New York and Asia. There is also plotted text for days of the week and sessions. As you can see from the picture below that these market openings can act as support and resistance: BTC ETH
Pine Script™ indicator
by Frien_dd-DisDev
13
Realtime All-Time High and All-Time Low Tracker [WIP]This is a study intended to port the work of /u/QuantNomad's "Kozlod - All-time high/low alerts" to pine version 4 without giving any alerts. It is intended to capture the most extreme points on any given price chart in real time, the absolute high and absolute low points. Ideally, the plotted lines would strictly diverge from one another in opposite directions and widen with new highs or lows on a hypothetical "all-time" resolution. Most of the original code was replaced and I'm trying to resolve a bug where the script fails to register new highs or lows while at the same time making sure that earlier data is plotted correctly. If applied to an asset that has not yet recovered , is just too new, or has not achieved a lower low than its opening price, this indicator ceases to function correctly. This would not be an issue if pine script was more general purpose and had something similar to Python's max(list) function. Any and all suggestions are welcome. This is simply to serve as a springboard for any programmers trying to design algorithms or strategies that use these variables on any price chart. Happy Hunting! - Patch Hemlock
Pine Script™ indicator
by Hemlocked
1
Bridge Bands [joecat808]Bridge Bands are an implementation of the work done by Joe Catanzaro (joecat808) to produce a risk range for a security. The basic idea is to calculate Mandelbrot's "Bridge Range". (Pg. 179 of Misbehavior of Markets) It then calculates Bollinger Bands. Then next step is to calculate the Hurst Exponent. The last step is to merge the Bridge Range and the Bollinger Bands. The basic concept is if H = .5 we use the Bollinger Bands and the farther away we move from .5 in either direction the Bridge Range takes more precedent. There is a Trend value that is the mid-point of a 3 month Donchian Channel. If price is above we're bullish, if price is below we're bearish. Lastly, there is also an option info box with data regarding the underlying's position within the range, as well as an experimental position size calculation.
Pine Script™ indicator
by calebsandfort
25
zigzag support&resistance levels [LM]Hello Traders, I would like to introduce you zigzag support&resistance levels. It is based on the ZigZag semafor script made by DevLucem so shout out to him The Semafor is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones at different Depth settings. The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal I have refactored script and extended it with the horizontals. The lines can be extended like so if you want to see The lines also can expire when the price will reach it you can change this in general settings: Also you can use view from the original script with just label circles Enjoy!
Pine Script™ indicator
by lmatl
13
Lines and DiagonalHere we have 2x Codes Together. A) Volume-based S/R Levels >>> Credits for the creator @wugamlo B) Support Resistance Diagonal >>> Credits fo the creator @pikusov I Just mix them in one code. This indicators are the best ones in tradingview to confirm Supports and Resistances. it's a good way to help us to check the trend and gives an idea to get in or get out. You can also use this together with the another indicators that i publish. It's my setup today:
Pine Script™ indicator
by rafaelfernandesadvogado
17
Bitcoin Bulls and Bears by @dbtrBitcoin 🔥 Bulls & Bears 🔥 v1.0 This free-of-charge BTC market analysis indicator helps you better understand what's going with Bitcoin from a high-level perspective. At a glance, it will give you an immediate understanding of Bitcoin’s historic price channel dating back to 2011, past and current market cycles, as well as current key support levels. Usage Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX ) We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe. Features 🕵🏻‍♂️ Historic price channel curve since 2011 🚨 Bull & bear market cycles (dynamic) 🔥 All-time highs (dynamic) 🌟 Weekly support (dynamic, based on 20 SMA ) 💪 Long-term support (channel bottom) 🔝 Potential future price targets (dynamic) ❎ Overbought RSI coloring 📏 Log/non-log support 🌚 Dark mode support Remarks With exception of the price channel curve, anything in this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA), ATHs, and so on. As a result, historic market cycles may not be 100% accurately reflected and may also differ slightly in between various time-frames (closest result: Monthly). The indicator may even consider periods of heavy ups/downs as their own market cycles, even though they weren’t. Due to its dynamic nature, this indicator can however adapt to the future and helps you quickly identify potential changes in market structure, even if the indicator is no longer updated. On top of that bullmarket cycles (colored in green) feature an ingrained RSI: the darker the green color, the more the RSI is overbought and close to a correction (darkest color in the chart = 90 Weekly RSI). In comparison with past bull cycles, it helps you easily spot potential reversal zones. Thanks Thanks to @quantadelic and @mabonyi which both have worked on the BTC "growth zones" indicator including the price channel, of which I have used parts of the code as well as the actual price channel data. Follow me Follow me here on TradingView to be notified as soon as new free and premium indicators and trading strategies are published. Inquire me for any other requests. Enjoy & happy trading!
Pine Script™ indicator
by dbtr
7
ZigZag Multi Time Frame with Fibonacci RetracementHello Traders, This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it. You can set ZigZag Period and Resolution as you wish. Zigzag is calculated using higher time frames (ex: 1day) so you better choose small numbers as Zigzag Period, such 2, 3 etc. you should choose higher time frame wisely, meaning that you should not set 1Day while chart resolution is 1min ;) It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price. "Show Zig Zag" is not enabled by default, you can enable it if you want to see ZigZag as well. You have options to set Text Color, Line Color, Zigzag Up Color and Zigzag Down Color. You can set the location of the Fibonnaci Levels -> Left or Right You also have option to enable/disable following Fibonnaci Levels: ---> 0.236 ---> 0.382 ---> 0.500 ---> 0.618 ---> 0.786 I added "Colorful Fibonacci Levels" for fun. if you enable it then Fibonacci line colors will be different randomly on each move, see it for yourself :) Some Screenshots: if you enable "Show Zigzag Option": how the script adjust levels automatically: if you set Label Location as "Right": if you enable "Colorful Fibonacci Levels" then Line colors will be changed on each move randomly ;) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
95
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
Pine Script™ indicator
by anthonycrudele
17