Discretionary traders often use support and resistance zones that are based on past price action of the instrument traded.
This simple script is used to plot support and resistance zones for a given instrument. The data for the zones themselves has to be determined by the past price action of the instrument and are not based on the provided data by Tradingview.
The zones input has to come as a string. Each zone consists of a string with: "<low(number)>,<high(number)>,<"S"|"R"|"L">,<"Normal"|"Strong">"" The different zone strings have to be seperated by either new line or space.
Thank You. I had developed a similar zone indicator but I had to manually add the upper & lower limits. Awais would be proud. 💋
mgruner
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@ChrisTinaBruceSD, Not sure about this. I think he charges for the indicator in Ninja Trader. 😉
vinikumar72
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How to add this doesn't show any support or resistence line on my chart।what to do
mgruner
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@vinikumar72, thank you for your feedback. As written above the zones have to be provided by the user, they are not calculated based on Tradingview data.