OPEN-SOURCE SCRIPT
Güncellendi Support and Resistance Levels [racer8]
One of the oldest concepts in trading. It's here guys. Drum roll please. Support & resistance baby! 🤣
So many requests from so many people asking me to build this. Finally. It is here guys 😀 Support and Resistance is here by racer8!
Indeed, S&R is used by so many traders. It is often one of the first concepts a trader will learn. I myself, can attest to this.
So what is support and resistance? 🤔
Good question, S&R are certain price levels that are created when a peak or trough has formed. Many traders use these peaks/troughs and extend lines out from them to create support & resistance levels.
Support levels are extended out from troughs. Resistance levels from peaks.
It is often believed that price bounces between these levels due to some unknown mysterious force known as supply and demand. 🙀
If you're a reversal trader, your strategy would likely be trying to short whenever price reaches a resistance level and vice versa for support levels.
If you're a trend trader, your strategy would likely be trying to go long whenever price breaks a resistance level and vice versa for support levels.
This Indicator...
Has one setting that controls which levels are formed. Higher settings equals less levels formed, but more important ones. Don't set it too high or too low. There is an optimal setting. Setting it too high will result in very few levels and thus, too little opportunities to trade. Setting it too low means the indicator will give you insignificant levels..also bad idea. So try to find something optimal like 10 to 20 periods for instance. 👍
Enjoy and have a blast!😀
Peace, I'm out! 🙏 💥
So many requests from so many people asking me to build this. Finally. It is here guys 😀 Support and Resistance is here by racer8!
Indeed, S&R is used by so many traders. It is often one of the first concepts a trader will learn. I myself, can attest to this.
So what is support and resistance? 🤔
Good question, S&R are certain price levels that are created when a peak or trough has formed. Many traders use these peaks/troughs and extend lines out from them to create support & resistance levels.
Support levels are extended out from troughs. Resistance levels from peaks.
It is often believed that price bounces between these levels due to some unknown mysterious force known as supply and demand. 🙀
If you're a reversal trader, your strategy would likely be trying to short whenever price reaches a resistance level and vice versa for support levels.
If you're a trend trader, your strategy would likely be trying to go long whenever price breaks a resistance level and vice versa for support levels.
This Indicator...
Has one setting that controls which levels are formed. Higher settings equals less levels formed, but more important ones. Don't set it too high or too low. There is an optimal setting. Setting it too high will result in very few levels and thus, too little opportunities to trade. Setting it too low means the indicator will give you insignificant levels..also bad idea. So try to find something optimal like 10 to 20 periods for instance. 👍
Enjoy and have a blast!😀
Peace, I'm out! 🙏 💥
Sürüm Notları
...To PineCoders & those reading:This S&R script adds value to the TV community and is unique because it has...
- simple easy to understand visuals (not cluttered with so many lines unlike some S&R scripts on TV)
- does not repaint (unlike some S&R scripts)
- allows users to see expansion & contraction phases much easier than most S&R scripts
- actually plots S&R levels (unlike some S&R scripts on TV)
- looks attractive :D
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.