OPEN-SOURCE SCRIPT
Updated Custom Support Line
It is made with the following conditions in mind.
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
We wanted to create a clear support line according to the above conditions.
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
We wanted to create a clear support line according to the above conditions.
Release Notes
The resistance line was made under the following conditions.(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Support lines were made under the following conditions.
(1)At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other to draw one line at the low prices of the candles.
(2)Of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low prices of the candles.
(3)Out of the last 10 candles, the closing price (C) is within 3% of each other, drawing one line at the lower prices of the candles.
(4)Draw one line when the three lines match the above three conditions.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.
Release Notes
Creating Support Resistance LinesCreating Support Lines
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
Creating Resistance Lines
(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.
Release Notes
Creating Support Resistance LinesCreating Support Lines
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
Creating Resistance Lines
(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.
Release Notes
Creating Support Resistance LinesCreating Support Lines
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
Creating Resistance Lines
(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.
Release Notes
Creating Support Resistance LinesCreating Support Lines
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
Creating Resistance Lines
(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.