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,...
The Dynamic Support And Resistance Indicator was created by Mike Siroky (Stocks and Commodities pgs 14-18) and this is a handy indicator that will show you useful support and resistance levels no matter how the stock is doing right now. I have color coded the middle line to show buy and sell signals so buy when the line turns green and sell when it turns red.
Projected Support And Resistance is a custom indicator of mine loosely based on the work done by Ketan Asher (Stocks and Commodities Bonus Issue 2021 pgs 12-14) and generally speaking this does a pretty good job of telling you what the future behavior of the stock will be. As the lines widen apart, there will be either upward or downward momentum. Buy when the...
Thought I'd share this support and resistance script.
This has two settings on it which are resolution (timeframe) and the number of bars back to look. The default setting is 1 Week and 2 bars which is the one I like using the most.
The highest high and lowest low are indicated by the thicker red lines on the chart.
Enjoy using this.
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...
Primarily for binary options
Timeframe 5 minutes +
This indicator includes:
1. Bollinger waves 3 levels - on / off
2. Moving averages 2 pieces - on / off
3. Price channel - on / off
4. Day support and resistance level - on / off
5. The main support and resistance level for 120 minutes - on / off
Any of the indicators is configurable.