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 • 257 days ago #

    This is one of best indicator to trade any time frame

  2. Madrosat • 256 days ago #

    Is this indicator as it is , useful in strategy automatic

  3. Vangotten • 51 days ago #

    Muy buen indicador

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2 years ago
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