Pivot Support/Resistance Zones

v10.3
Pivot Support/Resistance Zones

This indicator plots levels of support/resistance calculated with high/low pivot points:

At a price bar preceded by 4 higher lows and followed by 2 higher lows, a new support line is found and green line is starting. It starts at the lowest low and stops until the line is later crossed or when a new support is formed later.

The same for a red resistance line at a price bar with 4 lower Highs before and followed by 2 lower Highs.

The code has been made following a request in the ProBuilder forum.

 

 

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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. rama • 12/07/2018 #

    This is one of best indicator to trade any time frame

  2. Madrosat • 12/07/2018 #

    Is this indicator as it is , useful in strategy automatic

  3. Vangotten • 195 days ago #

    Muy buen indicador

  4. s00071609 • 115 days ago #

    Hi Roberto
    I am trying to use this indicator but once i import the itf file. the indicator gets imported but when i apply it to chart – it does not plot to the price chart rather it takes the space under the chart like Oscillators.
    Could you please suggest what I am doing wrong.

    • robertogozzi • 114 days ago #

      Click the wrench on the upper left corner of your chart, then select PRIICE on the left and click ADD INDICATOR and then again select the indicator of your choice.

  5. s00071609 • 113 days ago #

    thanks now its working

  6. s00071609 • 113 days ago #

    How would it be possible to call the Last Support Price and the Resistance Price from strategy?

    • robertogozzi • 113 days ago #

      Replace RETURN with RETURN SupportPrice,ResistancePrice.
      When you CALL they will be returned in the same order you have written them next to RETURN, as you can easilysee from documentation and the many indicators and code snippets on these forums.

  7. s00071609 • 113 days ago #

    Great thank you

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