Dynamic support and resistance intraday

v10.3
Dynamic support and resistance intraday

Intraday supports and resistances plotted on your chart!  This indicator will fetch the whole intraday price values to find relevant support and resistance zones for you. “only” 10 support and resistances lines will be plotted.

These lines are reset each day to make them appearing once new support or resistance are found.

The 20 values (10 resistances and 10 supports) are returned and could be used with any automatic trading program

Settings: 

n = periods to find highest high and lowest low for new support / resistance comparing

tolerance = value in point to expand or narrow the old support / resistance value with the new found ones

lookback = period lookback to confirm support and resistance areas

showSupport = true or false

showResistance = true of false

 

Original code and idea from @Rorschack from this topic: https://www.prorealcode.com/topic/swing-lines-indicator/

 

original code and idea from @Rorschack in this topic:
https://www.prorealcode.com/topic/swing-lines-indicator/

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. tradingpro • 355 days ago #

    si vedono i puntini e basso
    come mai?
    grazie

  2. Wing • 353 days ago #

    Looks excellent. Can’t wait to experiment with it!

  3. Toto le Heros • 348 days ago #

    Hi Nicolas,
    Thanks for this. Looks interresting.
    Unfortunately the display on my price graph is not readable. Looks like some S/R=0 so that the vertical scale starts from 0 (to 12 350 on DAX)… so that I cannot see anything…
    Any idea from where the issue might come ? (I tried with 25 units, 50 units, 1 000 units display… but the issue remains the same).
    Thanks again and in advance for your “support” 😉

  4. Nicolas • 348 days ago #

    Use vertical axis alignment only in indicators setting

  5. DonMasser • 339 days ago #

    Nicolas ( or anyone) would you know how to program a ‘WAIT’. In other words, in auto trading when this indicator above appears I want to wait until my DEMA has changed direction as well.
    Any idea how to write code to ‘wait’ for X or Y to happen before buying or selling. Appreciate in advance any help

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