This is a simple script that draws automatic support and resistance lines based on the length of the wicks.
The relevance of the wicks can be evaluated as a percentage against the overall price or against the price fluctuation of the last few candles.
There is a thin line for the less important wicks and a thicker line for the larger ones.
The values for these can/should be altered according to the different securities.
JD.
The relevance of the wicks can be evaluated as a percentage against the overall price or against the price fluctuation of the last few candles.
There is a thin line for the less important wicks and a thicker line for the larger ones.
The values for these can/should be altered according to the different securities.
JD.
Versionsinformation:
ADDED:
-option to extend the support/resistance lines
-option to set monochrome color
JD.
-option to extend the support/resistance lines
-option to set monochrome color
JD.
Versionsinformation:
Updated to v4 and added the highlighting of high liquidity zones.
Gr, JD.
Gr, JD.
Versionsinformation:
Now with the correct screenshot! ;-)
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!