This indicator helps to identify current support and resistance based on the opening of the Asian, London and New York sessions.
You can make good trade entries based on these lines. Shows daily and weekly openings of each session
It will also help you to look at which session you are currently trading)
Purple ----> Asian session
As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame,...
Disclamer: This indicator does not use actual Volume data and doesn't display any Volume data. It creates a pseudo Volume Profile by counting the high-low-2 values of candles and simulates something that is similar to a Volume Profile without using any Volume data.
Creates a pseudo Volume Profile by counting values of candles and sorting them...
Simple indicator showing the support and resistance on Daily, Weekly and Monthly time frames no matter what time frame you're currently on by highlighting the highest and lowest points on each over the last 34 bars.
Daily support and resistance are coloured green.
support and resistance are coloured yellow.
Monthly support and resistance are coloured red.
today I'd like to share a script, which enables you to use external logic to plot levels on your chart.
How does it work?
The concept is based on two scripts. One script, which uses an external input as a trigger to print a new level and one script that calculates an output, which will be fetched.
Sounds complicated? It really is not! Let's...
This is a script that allows you to toggle multiple indicators related to support and resistance, CCI, and Breaches (Crossovers based on William's Fractals).
How to use:
Custom Timeframe (Minutes) - To compare to current candles
Crossovers on custom - Crossovers and breaches on custom timeframe (Blue Triangle up)
Crossunders on custom - Crossunders and breaches...
I've made SMA/EMA's NOT based on the principle of the 2(1+1), 3(2+1),
5(3+2), 8(5+3), 13(8+5), 21(13+8), 34(21+13), 55(34+21), ... numbers,
but based on these following Fibonacci numbers:
Ending up with 2 series of Fibma / Fibema:
"Tiny Fibma / Fibema":
24, 38, 50, 62, 76, 100
"Big Fibma / Fibema":
236, 382, 500, 618, 764,...