Hello guys, once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level. How does it work? The method is similar to the way Bollinger Bands work. First, the...
This script will figure out if we're currently in an uptrend or downtrend and will plot price targets automatically. -Blue price lines are likely soft stops (not always). -Green price lines indicates we're currently in an uptrend for that timeframe and provides some hard stop resistances. -Red price lines indicates we're currently in a downtrend for that...
Version 1.0 A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels. In The Depicted Example Above: - Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in...
CME Bitcoin Gap Finder Orderblock Support Resistance Intro I had a backlog of scripts to release, and so everyone is getting some Christmas gifts early! I have been watching CME gaps and how they relate to BTC for over a year now. I find they make good orderblock support/resistance areas. Description There is a limitation to how many lines I can draw...
Strategy based on MACD and Bollinger Bands, where BBs are calculatend from macd signal. Strategy doesn't open at breakout of bands but it waits for a pullback. Upper and lower bands are used as resistance and support. There are various parameters that can be optimized. I have also a study with alerts. Please use comment section for any feedback or cointact me...
This is one of the many parts of my upcoming strategy, and used by me on daily basis. This indicator incorporates various price action models and candlestick patterns, and combines them together to form a price point which is highly reactive in nature. In the background it works on multitude of permutations and combinations to calculate the price point which...
Stock Analysis Software is a full trading setup and style that is meant for swing trading stocks, but can also be used for Forex, cryptocurrencies, indices and commodities. Whatever your choice of trading style (Intraday, Scalping, Swing trading, Investing) or trading instrument is (FX, Futures, Cryptos, Stocks) I can tailor it for you specifically. For example...
Heatmap - Support & Resistance (Volume Clusters) The Heatmap is based on the real traded volume. The Heatmap can help identify the levels of Support and Resistance , thus validating other indicators' Oversold or Overbought conditions. Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of ...
Fibonacci Bands are derived from Fibonacci ratios expansion from a fixed moving average. These bands help traders find key areas of support and resistance . "Fibonacci bands" are computed by adding a Fibonacci ratio distance (Up and Down) from a "key moving" average (21, 34, 89 periods). An 8 period average of "True range" is computed. The multiples of Fibonacci...
This version has added support and resistance to help traders identify the best entry and exit points. Also, we included a linear regression band to identify the last period's trend, the prices would normally swing between the upper and lower dotted white line and it gives a good starting point for traders to identify possible bounces or rejection moments of the price.
This Script detects Bearish / Bullish GAP at market opening 09:30 am NY and automatically traces backward levels, of which 2 are configurable at your discretion.
This indicator is a combination of Pivot points with CPR, Moving Average and VWAP.
This script is used for analyzing the correlation between 24/7 markets with regards to the price action during NYSE session. Defaults to showing daily session open/high/low but there is the option to show the weekly session data.
This is the first script that I publish. His main goal is to help identify the extreme of the day and to compare the VWAP with the average DPDC to find meaningful resistance and support.
It can helps you to see BB pivots . It's based on bollinger bands . Best Settings: (20,3) - (50,2) Cheers :)
This indicator is used to automatically plot the strongest support and resistance points that are nearest to the current price. This indicator works on all assets and all time frames so it is applicable to all traders whether you are a scalper, intraday or swing trader. Additionally, you can adjust the settings to have the indicator scan for closer or farther...
Useful to find Support/Resistance levels in chop markets. Developed on 15min BTCUSD chart On different timeframes/trading pairs it must be used and tweaked with EMA Slope and Inverse Volatility for optimal results Scroll back on the chart to load older lines
The STP Support/Resistance Levels accurately detect the key levels by identifying large swings/pivots in historical price action automatically. It identifies price levels where historically the price reacted by either bouncing or reversing the direction. Prior price behavior at these levels can leave clues for future price behavior. These tops and bottoms in price...