Formation Defined Moving Support and Resistance

21 באוק׳ 2018

Support and resistance are defined on a formation algorithm. S/R are being redefined when formation reoccur however they are also moving if support or resistance are broken from previous formation defined points.

22 באוק׳ 2018

הערות שחרור

- A little bug fix on algorithm.

22 באוק׳ 2018

הערות שחרור

- Added option for non moving (adaptive) S/R levels.
- Added option for color the bar yellow where new formation defined. (When related bar is opened, script does not repaint.)

22 באוק׳ 2018

הערות שחרור

- Option added to define S/R depending Low/High
- Formation algorithm has been updated regarding new formation definition.

22 באוק׳ 2018

הערות שחרור

- Minor bug fix on formation definitions.

23 באוק׳ 2018

הערות שחרור

- New formation design added to algorithm.
- Minor bug fixes.

23 באוק׳ 2018

הערות שחרור

- New formation designs added to algorithm. (Now script recognizes 9 formations.)
- Bug fix for missing formations.

לפני 4 ימים

הערות שחרור

The script was originally coded in 2018 with Pine Script version 3, and it was in protected code status. It has been updated and optimised for Pine Script v5 and made completely open source.

Please use the new version: https://www.tradingview.com/script/z5HrceDA-Formation-Defined-Moving-Support-and-Resistance/