PROTECTED SOURCE SCRIPT
RSI Support and Resistance Finder [JV] V1
Hi Traders.
In my never ending obsession with Support and Resistance , I built an indicator to show the last Support and Resistance Lines based on RSI .
The indicator draws a new Support Line when RSI comes out of oversold and a new Resistance Line when RSI comes out of overbought.
It also shows a panel with the current Support and Resistance Levels.
It's a pretty decent indicator to detect Entry / Exit / Take Profit levels.
This indicator is not to be used as a stand-alone indicator. Add your favourite indicator to get confirmations.
RSI length and overbought / oversold levels can be adjusted in Settings.
Any suggestions or remarks are more than welcome!
In my never ending obsession with Support and Resistance , I built an indicator to show the last Support and Resistance Lines based on RSI .
The indicator draws a new Support Line when RSI comes out of oversold and a new Resistance Line when RSI comes out of overbought.
It also shows a panel with the current Support and Resistance Levels.
It's a pretty decent indicator to detect Entry / Exit / Take Profit levels.
This indicator is not to be used as a stand-alone indicator. Add your favourite indicator to get confirmations.
RSI length and overbought / oversold levels can be adjusted in Settings.
Any suggestions or remarks are more than welcome!
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.