CARNAC Trading Support and Resistance LevelsOverview
The "Carnac Trading Support and Resistance Levels" indicator is a powerful tool designed to help traders identify key support and resistance levels across multiple timeframes. This tool enhances trading strategies by visually marking significant price levels and providing configurable stop-loss and alert features.
Features
Support and Resistance Levels: Automatically calculates and plots support and resistance levels for the following timeframes:
5 minutes (5M)
10 minutes (10M)
15 minutes (15M)
30 minutes (30M)
1 hour (1H)
2 hours (2H)
4 hours (4H)
6 hours (6H)
12 hours (12H)
1 day (1D)
1 week (1W)
1 month (1M)
Configurable Stop-Loss (SL) Levels: Adds a stop-loss line below each support level and above each resistance level with customizable padding (as a percentage).
Visual Labels: Clearly labels support, resistance, and stop-loss levels with the corresponding prices and timeframes for easy identification.
Line Customization:
Support Levels: Green lines with varying thickness based on the timeframe.
Resistance Levels: Red lines with varying thickness based on the timeframe.
Stop-Loss Levels: Gray dotted lines for clear distinction.
Alerts: Alerts trigger when the price gets to a configurable percentage from the support or resistance levels, helping you stay informed about potential buying and selling opportunities.
Visibility Toggling: Easily toggle the visibility of support and resistance levels for each timeframe (default enabled for 2H, 4H, and 1D).
How to Use
Add the Indicator:
Navigate to the TradingView Pine Editor.
Paste the provided Pine Script code and click "Add to Chart."
Configure Inputs:
Lookback Periods: Adjust the lookback periods for each timeframe to suit your analysis needs.
Padding Percentage: Set the padding percentage for the stop-loss levels to define the distance below the support levels and above the resistance levels.
Visibility: Toggle the visibility of the support and resistance levels for each timeframe as needed (default enabled for 2H, 4H, and 1D).
Alert Trigger Distance: Set the alert trigger distance as a percentage to determine when the alerts should be triggered.
Interpret the Plotted Levels:
Green Lines: Indicate support levels for the respective timeframes.
Red Lines: Indicate resistance levels for the respective timeframes.
Gray Dotted Lines: Represent the stop-loss levels below each support level and above each resistance level, with the specified padding.
Labels: Provide clear indications of the price levels and their respective timeframes in white text for visibility.
Identifying Buying and Selling Opportunities:
Buying Opportunities:
Look for the price to approach or bounce off a support level (green line).
Confirm the potential for a reversal by checking if the price is nearing a key support level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order below the support level to minimize risk.
Selling Opportunities:
Look for the price to approach or get rejected at a resistance level (red line).
Confirm the potential for a reversal by checking if the price is nearing a key resistance level from multiple timeframes.
Use the stop-loss level (gray dotted line) to set your stop-loss order above the resistance level to minimize risk.
Alerts:
Alerts will notify you when the price gets within the specified percentage distance from each support or resistance level.
Use these alerts to stay informed about potential buying and selling opportunities.
Komut dosyalarını "support" için ara
Psychological Support/Resistence [BigBeluga]The Psychological Support/Resistance indicator aims to provide the user with hypothetical support and resistance zones that are likely to provoke a strong reaction in price, either in both directions, providing good bouncing zones or significant movements once those levels are breached.
🔶 CALCULATION
The script takes into consideration the total number of sequential candles moving in the same direction, as determined by the user's settings. When this sequence is identified, a level is created.
A level is considered broken when the candle's close is above the top/bottom of the level.
Users have the option to select the width of the area based on the Average (AVG), Open, or Close.
AVG will provide the average width of the level of the area.
Close will offer a broader range to work with.
Open will provide a very narrow area.
🔶 METHODOLOGY
The idea behind these areas is that the price will be more likely to produce either a substantial move in the ongoing direction or, when breached, a strong price reaction.
The more the support level is touched or tested, the more likely it is to break.
The longer it has been since its creation and the less it has been tested, the more likely it is to offer strong support or resistance.
Wicks starting to close above the level will indicate a potential breakout to the upside or downside if a candle manages to close above it.
🔶 INPUTS
Users have the option to determine the number of sequential candles.
Users also have the option to decide how many zones to display on the chart.
Color changes are possible.
The possibility to show volume on the creation of the zone is included."
DB Support Resistance Levels + Smart Higher Highs and Lower LowsDB Support Resistance Levels + Smart Higher Highs and Lower Lows
The indicator plots historic lines for high, low and close prices shown in settings as "base levels". Users can control the lookback period that is plotted along with an optional multiplier. Traders will notice that the price bounces off these historic base levels. The base levels are shown as light gray by default (customizable in the settings). Users may choose to display base levels by a combination of historic high, low and close values.
On top of the historic base levels, the indicator display higher high and lower low levels from the current bar high/low. Higher highs are shown by default in pink and lower lows by default in yellow. The user can adjust the lookback period for displaying higher highs and the optional multiplier. Only historic values higher than the current bar high are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying higher highs. The user can adjust the lookback period for displaying lower lows and the optional multiplier. Only historic values lower than the current bar low are displayed filtering out (by highlighting) the remaining levels for the current bar. Users may choose to use a combination of historic open, low and close values for displaying lower low.
The indicator includes two optional filters for filtering out higher highs and lower lows to focus (highlight) the most relevant levels. The filters include KC and a simple price multiplier filter. The latter is enabled by default and recommended.
The indicator aims to provide two things; first a simple plot of historic base levels and second as the price moves to highlight the most relevant levels for the current price action. While the indicator works on all timeframes, it was tested with the weekly. Please keep in mind adjusting the timeframe may require the lookback settings to be adjusted to ensure the bars are within range.
How should I use this indicator?
Traders may use this indicator to gain a visual reference of support and resistance levels from higher periods of time with the most likely levels highlighted in pink and yellow. Replaying the indicator gives a visual show of levels in action and just how very often price action bounces from these highlighted levels.
Additional Notes
This indicator does increase the max total lines allowed which may impact performance depending on device specs. No alerts or signals for now. Perhaps coming soon...
Volume Profile Fixed Range Support and Resistance LevelsThis script is based on the excellent Volume Profile / Fixed Range indicator by @LonesomeTheBlue, so all credit for the foundations of this indicator goes to @LonesomeTheBlue
I basically made 5 instances of the original script and added horizontal lines at the beginning and end of the each Value Area. To use the script as a support and resistance tool without the Value Areas and Point of Control (POC) labels you just need to untick "Boxes" and "Labels" in the "Style" section of the “Settings”.
The default look-back periods (in bars) are 7, 30, 60, 180 and 365, but you can change this or the colour of the lines easily in the “Settings”.
The dashed lines are the respective POC.
I find this tool to be very useful for quickly identifying interest levels on any chart while also ensuring a certain amount of objectivity in your TA.
Hope you find it useful and thanks again to @LonesomeTheBlue for going through the trouble of coding this and being so generous to share it with the rest of us!
Good luck out there!
Volume Based Support & ResistanceThis script uses the Volume of each candle to find support and resistances on the whole visible chart. There is a single easy to use setting that is the Distance between major S/R lines which is 10% for the default and better for Daily timeframe. If you set a lower number, for example 5% then there will be more lines on the chart which is better for lower time frames and higher number like 20% maybe better for weekly timeframes.
It is developed based on using for Bitcoin daily timeframe, but it can be used for any symbol on any timeframe with the proper settings.
The limitation is the number of visible candles which the data and S/R lines are calculated based on them (if the previous data was within the same price range and if not, there is no issue).
Also, this code is a good learning example of using arrays and lines together in the trading view's pine script.
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions.
Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones.
Use Cases
1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles.
2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis.
3. Breakout traders can easily target pivot zones’ breakout and breakdown.
4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones.
5. Analyze contrary pivot zones to set realistic profit targets.
Objectivity
By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters.
Chart Issue
If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Fixed Fibonacci Support ResistanceI took the formula of the fibonacci from LonesomeTheBlue and made this script. You can take a look at his indicator here:
When you first add the indicator on the chart, click on the chart to select the first date and then the second date. It will then calculate the fibonacci support and resistance of the range you choose. You can also choose the date inside the inputs.
Be sure the first date is before the second date, otherwise it won't be able to show the fibonacci. If that happen, choose a correct date in the inputs.
Donchian Trendline - Support Resistance Slope [UhoKang]// This is a strategy that draws a trend line in the form of a slope whenever the high point and low point are updated.
// The upper slope serves as a resistance line, and the lower slope serves as a support line.
// Buy when the of the candle crosses the slope
Fibonacci + Support/Resistant + Trendline (Price action)This is opening source code version: Fibonacci + Support/Resistant + Trendline (One of Advanced Price action Analysis).
How it works:
It find entry Long/Short by combining: Fibonacci + Support/Resistant + Trendline
1. Find Impulse wave:
To findind Impulse wave, It uses Pivot High/Low to find Impulse wave. In case find entry Long, If having Pivot High higher Pivot High before, it will draw an Impulse wave.
2. Find entry at Fibonacci levels:
Draw Fibonacci fibonacci retracement from Pivot Low to Pivot High. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%
3. Find entry at Support/Resistant Zone:
Support/Resistant Zone drawed from Pivot High before, which price just breaken and return to retest.
4. Find entry at Trendline:
Trendline drawed from Pivot High/Low before, which price just breaken and return to retest.
How do use it:
+ You can customize the thickness of the lines.
+ You can set up an alert when the price touchs important areas.
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.
Pivot Support/ResistanceThis indicator displays immediate Pivot Highs/Lows compared to the current price as lines on the chart. It can be useful to identify support/resistance.
Divergence-Support/Resistance - Widget [HeWhoMustNotBeNamed]Unique live widget which provides information about support and resistance along with distance to immediate levels.
⬜ Custom Candle Source
Three options of candles available
▶ Regular OHLC candles
▶ Heikin-Ashi candles ( Taken leaf out of @Bjorgum's book - but, still could not do it as good as him :) )
▶ Moving average candles
⬜ Multiple zigzags and choice of oscillator
Like any other zigzag based indicator, I prefer using 4 zigzag levels.
And select oscillator of your choice to identify divergence. Oscillator lengths are automatically calculated based on zigzag lengths. You can also chose external oscillator.
⬜ Support and resistance widget settings
▶ Max S/R per zigzag - this is the number of last S/R levels recorded for each zigzag
▶ Max S/R for stats - even though there can be many number of S/R levels, we cannot show all of them in the widget due to space constraint. Hence, this is set to minimal value of 3. Can be changed via this input.
▶ Max S/R for Alerts - When sending stats through alerts, users can decide how many immediate S/R levels to be sent in them.
▶ Alert Choices - Can chose to get alerts when new S/R levels formed and also when existing S/R levels broken.
Personally think it is a very handy widget to have!!
[AB] Support/Resistance Drawing ToolThis script is designed to help you identify viable support and resistance levels by automatically creating lines that become less transparent when said levels hold. It is based on Donchian Channels created by rounded closes, not by highs and lows. You can use it as an aid to draw your levels manually, or stick exclusively to automatic charting.
Available settings are as follows:
Source - highly recommended to use Close, but other options are available if you'd like to do some experimentation.
Source Rounding - the accuracy of price sampling; higher rounding will make your lines more visible at the expense of precision. It is highly recommended to use decimals.
Length (Array) - the overall lookback of the script (length of the array). This value shouldn't be higher than 500 if skip = 2, or 250 if skip = 1. If you'd like to reach further back into the past, I'd recommend switching timeframes instead of increasing this beyond 500.
Sampling Skip - how frequently the data is sampled. I wouldn't recommend going beyond 2, especially with the default settings.
Transparency Skip - you can think of it as "pencil hardness". The higher the skip, the bigger the imprint of a single level detection will be. Wouldn't recommend going beyond 10.
Color R, G, and B - you can use these settings to adjust the color of the lines.
Stochastic RSI+ Support/Resistance (beta)This indicator uses Stochastic RSI+ as a means to determine overbought and oversold conditions which subsequently define recent support and resistance levels.
Martyv Auto Fib Retracement with Logarithmic SupportSimple & easy auto-fib levels. Took the out-of-the-box version provided by TradingView and added Logarithmic support and a nicer palette, and made the controls a bit nicer to use (in my opinion lol). Enjoy.
Bitcoin Daily Support/ResistanceA new indicator for tradingview.
Indicator Overview
The 2-Year MA Multiplier is intended to be used as a long term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.
To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.
Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.
Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when price goes above the 2yr MA x 5 (red line) has been historically effective for taking profit.
Why This Happens
As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts. Identifying and understanding these periods can be beneficial to the long term investor.
This tool is a simple and effective way to highlight those periods
MA 50/100/150 was historically good support and resistance. When we cross them we have a new trend that is established.
Crypto EMA Bands - Support and ResistanceEMA Bands for crypto markets shows support and resistance lines. Helps identify bull and bear market trends. SMA200 is white and turns yellow to signal pressure. Can also be useful for identifying Elliot waves and breakouts.
Main MAs and EMAs multi-timeframe for supportObjective is to map out different multi-timeframe support/resistance , all at once. Includes weekly, daily and 4H EMAs and MAs, as per the follow (allowing customization)
WEEKLY (in pink/purple variations):
- 13 EMA
- 21 EMA
- 34 EMA
- 50 M.A
DAILY (in green variations):
- 21 EMA
- 50 EMA
- 120 M.A.
- 200 M.A.
4H (in yellow/golden colors):
- 400 EMA
- 500 EMA
- 675 EMA
- 715 EMA
- 920 EMA
- 1150 EMA
Notes:
- Quite useful to all types of assets; crypto, commodities , stocks, etc...
- Ideally not to be visible all the time, as it can "pollute" the charts. But very helpful in moments of great volatility
[RickAtw] S1 Support and resistance This indicator helps to identify the current support and resistance in the market.
Function
Shows at which points the correction appears and at which points there is resistance
Key Signal
buy ---> If a blue zone forms
sell --->If a black zone forms
Remarks
This helps you determine the approximate support and resistance area.
Since we cannot look into the future, it does not inform you about the exact entries, but it shows who is dominating the market at the moment.
Readme
In real life, I am a professional investor. And I check each of my indicators on my portfolio and how effective it is. I will not post a non-working method. The main thing is to wait for the beginning of trends and make money!
I would be grateful if you subscribe ❤️
Support and Resistance Levels (v.3)Support and Resistance Levels augmanted and reprocessed
Description:
This is an augmented version of my earlier script that can be found here:
This time it features zigzag and channel lines, signal generation and filtering and performance testing. Signal generation and filtering procedures are used only for performance testing, not for the actual labelling. The labelling is governed by zigzag logic.
Support and Resistance StrategySupport and resistance Strategy (FX and Crypto)
Description: This strategy uses “support” S and “resistance” R levels, which can be computed
using the “pivot point” (a.k.a. the “center”) C as follows:
C = (PH + PL + PC) / 3
R = 2 × C - PL
S = 2 × C - PH
Here PH, PL and PC are the previous day’s high, low and closing prices.
One way to define a trading signal is as follows (as above, P is the current price):
Signal:
Establish long position if P > C
Liquidate long position if P ≥ R
Establish short position if P < C
Liquidate short position if P ≤ S
Other definitions of the pivot point (e.g., using the current trading day’s open price) and
higher/lower support/resistance levels exist.
Style tags: Trend Following, Trend Analysis
Asset class: Equities, Futures, ETFs, Currencies and Commodities
Dataset: FX Minutes/Hours/Days
Standard deviation zones Support & Resistance [LM]Hi Guy,
I would like to introduce you Standard deviation zones Support & Resistance horizontals. It draws line horizontals on high and low st dev zone. The colors are dynamic depending whether price is below or above the line.
Credit is due to @Zeiierman for st dev zone calculation so shout out to him.
There are various sections in setting:
general setting where you can select source for zone calculation
tops setting
bottom setting
show and hide section of the first timeframe
show and hide section of the second timeframe
Be aware that when new zone starts and is not finished yet than the top will trail the high of unfinished zone that could be also at the high of current candle and next candle it can change
Any suggestions are welcomed
Support Resistance - Aging [Example]Hello All,
First all of Thanks to Pine Team for adding Arrays to Pine!
In this script I tried to make example for
1. Finding S/R lines using highest/lowest function
2. Using 1D array as 2D (we keep S/R levels and age)
3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears)
You can use "Close"/Open " or " High/Low " as source.
There is an option for the background color, by default it's Black, do not forget to set it accordingly :)
Enjoy!
