Support & Resistance with moving averages

We know that some popular indicators are supportive and resistant.

We have the most widespread moving averages, namely MM20 – MM50 – MM100 – MM200 of Simple Type
Also Ichimoku, this indicator was designed to give levels of support and resistance.

If you apply all these indicators on the same chart, your vision will be distorted by too many lines, especially if you want to add the pivot points .

So I have coded this small indicator that groups together the current levels of all the components mentioned above for more comfort.

You can activate or deactivate a component as an external variable.

//
//=/===============/=//=/===============/=//=/ Indicator Support & Resistance
//

defparam drawonlastbaronly = true

//MM20 = 1
//MM50 = 1
//MM100 = 1
//MM200 = 1

//SSA = 1
//SSB = 1
//Tenkansen = 1
//Kijunsen = 1

//
//=/===============/=//=/===============/=//=/ Support Resistance
//

//=/ Support 20
if MM20 then
S20    = average[20](close)
drawtext("========== 20",barindex,S20,Dialog,Bold,10) coloured (RS20,GS20,BS20)
endif

if close > S20 then
RS20 = 102
GS20 = 102
BS20 = 102

elsif close < S20 then
RS20 = 0
GS20 = 153
BS20 = 255

endif

//=/ Support 50
if MM50 then
S50    = average[50](close)
drawtext("========== 50",barindex,S50,Dialog,Bold,10) coloured (RS50,GS50,BS50)
endif

if close > S50 then
RS50 = 102
GS50 = 102
BS50 = 102

elsif close < S50 then
RS50 = 0
GS50 = 153
BS50 = 255

endif

//=/ Support 100
if MM100 then
S100    = average[100](close)
drawtext("  ========== 100",barindex,S100,Dialog,Bold,10) coloured (RS100,GS100,BS100)
endif

if close > S100 then
RS100 = 102
GS100 = 102
BS100 = 102

elsif close < S100 then
RS100 = 0
GS100 = 153
BS100 = 255

endif

//=/ Support 200
if MM200 then
S200    = average[200](close)
drawtext("  ========== 200",barindex,S200,Dialog,Bold,10) coloured (RS200,GS200,BS200)
endif

if close > S200 then
RS200 = 102
GS200 = 102
BS200 = 102

elsif close < S200 then
RS200 = 0
GS200 = 153
BS200 = 255

endif

//=/ SpanA
if SSA then
SpanA = (Tenkan[26]+Kijun[26])/2
drawtext("       ========== SpanA",barindex,SpanA,Dialog,Bold,10) coloured (RSpanA,GSpanA,BSpanA)
endif

if close > SpanA then
RSpanA = 102
GSpanA = 102
BSpanA = 102

elsif close < SpanA then
RSpanA = 0
GSpanA = 153
BSpanA = 255

endif

//=/ Tenkan
if Tenkansen then
Tenkan = (highest[9](high)+lowest[9](low))/2
drawtext("        ========== Tenkan",barindex,Tenkan,Dialog,Bold,10) coloured (RTenkan,GTenkan,BTenkan)
endif

if close > Tenkan then
RTenkan = 102
GTenkan = 102
BTenkan = 102

elsif close < Tenkan then
RTenkan = 0
GTenkan = 153
BTenkan = 255

endif

//=/ Kijun
if Kijunsen then
Kijun = (highest[26](high)+lowest[26](low))/2
drawtext("     ========== Kijun",barindex,Kijun,Dialog,Bold,10) coloured (RKijun,GKijun,BKijun)
endif

if close > Kijun then
RKijun = 102
GKijun = 102
BKijun = 102

elsif close < Kijun then
RKijun = 0
GKijun = 153
BKijun = 255

endif

//=/ SpanB
if SSB then
SpanB = (highest[52](high[26])+lowest[52](low[26]))/2
drawtext("       ========== SpanB",barindex,SpanB,Dialog,Bold,10) coloured (RSpanB,GSpanB,BSpanB)
endif

if close > SpanB then
RSpanB = 102
GSpanB = 102
BSpanB = 102

elsif close < SpanB then
RSpanB = 0
GSpanB = 153
BSpanB = 255

endif

//
//=/===============/=//=/===============/=//=/ End
//

return

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

//=/===============/=//=/===============/=//=/ Indicator Support & Resistance

defparam drawonlastbaronly = true

//MM20 = 1

//MM50 = 1

//MM100 = 1

//MM200 = 1

//SSA = 1

//SSB = 1

//Tenkansen = 1

//Kijunsen = 1

//=/===============/=//=/===============/=//=/ Support Resistance

//=/ Support 20

if MM20 then

S20 = average[20](close)

drawtext("========== 20",barindex,S20,Dialog,Bold,10) coloured (RS20,GS20,BS20)

endif

if close > S20 then

RS20 = 102

GS20 = 102

BS20 = 102

elsif close < S20 then

RS20 = 0

GS20 = 153

BS20 = 255

endif

//=/ Support 50

if MM50 then

S50 = average[50](close)

drawtext("========== 50",barindex,S50,Dialog,Bold,10) coloured (RS50,GS50,BS50)

endif

if close > S50 then

RS50 = 102

GS50 = 102

BS50 = 102

elsif close < S50 then

RS50 = 0

GS50 = 153

BS50 = 255

endif

//=/ Support 100

if MM100 then

S100 = average[100](close)

drawtext(" ========== 100",barindex,S100,Dialog,Bold,10) coloured (RS100,GS100,BS100)

endif

if close > S100 then

RS100 = 102

GS100 = 102

BS100 = 102

elsif close < S100 then

RS100 = 0

GS100 = 153

BS100 = 255

endif

//=/ Support 200

if MM200 then

S200 = average[200](close)

drawtext(" ========== 200",barindex,S200,Dialog,Bold,10) coloured (RS200,GS200,BS200)

endif

if close > S200 then

RS200 = 102

GS200 = 102

BS200 = 102

elsif close < S200 then

RS200 = 0

GS200 = 153

BS200 = 255

endif

//=/ SpanA

if SSA then

SpanA = (Tenkan[26]+Kijun[26])/2

drawtext(" ========== SpanA",barindex,SpanA,Dialog,Bold,10) coloured (RSpanA,GSpanA,BSpanA)

endif

if close > SpanA then

RSpanA = 102

GSpanA = 102

BSpanA = 102

elsif close < SpanA then

RSpanA = 0

GSpanA = 153

BSpanA = 255

endif

//=/ Tenkan

if Tenkansen then

Tenkan = (highest[9](high)+lowest[9](low))/2

drawtext(" ========== Tenkan",barindex,Tenkan,Dialog,Bold,10) coloured (RTenkan,GTenkan,BTenkan)

endif

if close > Tenkan then

RTenkan = 102

GTenkan = 102

BTenkan = 102

elsif close < Tenkan then

RTenkan = 0

GTenkan = 153

BTenkan = 255

endif

//=/ Kijun

if Kijunsen then

Kijun = (highest[26](high)+lowest[26](low))/2

drawtext(" ========== Kijun",barindex,Kijun,Dialog,Bold,10) coloured (RKijun,GKijun,BKijun)

endif

if close > Kijun then

RKijun = 102

GKijun = 102

BKijun = 102

elsif close < Kijun then

RKijun = 0

GKijun = 153

BKijun = 255

endif

//=/ SpanB

if SSB then

SpanB = (highest[52](high[26])+lowest[52](low[26]))/2

drawtext(" ========== SpanB",barindex,SpanB,Dialog,Bold,10) coloured (RSpanB,GSpanB,BSpanB)

endif

if close > SpanB then

RSpanB = 102

GSpanB = 102

BSpanB = 102

elsif close < SpanB then

RSpanB = 0

GSpanB = 153

BSpanB = 255

endif

//=/===============/=//=/===============/=//=/ End

return

ichimoku moving average resistance support support and resistance

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 :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials


fazel53 • 11/02/2020 #
How do i attach this indicator to my mt5 platform?
- Nicolas • 11/02/2020 #
  You can’t! All indicators here are for ProRealTime trading platform: https://www.prorealtime.com

Iván Hi You should delete from the indicator code all drawing functions and all variables not us...

Iván I've created a screener to show [longcondition or shortcondition]

Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...

jacquesgermain Bonjour non pas de soucis car src=customclose donc dans le menu configuration/propriété me...

geroniman Merci Jacques , indic tres utile. J'ai un indic à programmer avec du price action. es tu dis...

jacquesgermain ok pour regarder ...

f1_maik Ein sehr schöner Indikator, vielen Dank. Wenn ich den Indikator importiere und starte hat d...

Nicolas das ist in der Tat normal, Sie müssen die Auf- und Abwärtsfarbe direkt im Parameterfenster d...

FXtonio Bonjour Nicolas, merci pour cette merveille, je l'utilise en compl2ment du "magical buy sell...

magnus59 Hi Nicolas, thaks for your great work here, I need a scanner for the swedish OMX when ma...

Nicolas Yes, sure please open a new topic in the ProScreener forum section, thank you.

paullyons Hello! Thanks for post your indicators. I'd like you to let me know how to draw lines for ...

Rafa Hi Nicolas! I can´t install this indicator. it installs in a separate window not as an av...

Nicolas Add it on the price, see how: https://www.prorealcode.com/blog/video-tutorials/how-to-add-an...

Frankyslo1 No consigo instalarlo en el precio en PRL-version 10

Boris Hi IVMcm, thanks for your amazing work. I have tested all of your indicators and use some of...

IV Mcm With pleasure and thanks!

ashiash how to use this indicator can i use tradingview platform

Zigo Zou je graag helpen, maar mijn computer is in onderhoud. Einde deze week, kan ik hopelijk te...

Zigo @ DimKar Midline = (stlong + stshort)/2 Return stLong coloured(0,255,0) as"StopLong", M...

DimKar Dear Zigo thank you very much for your answer !!!

Roland57800 Bonjour Noobywan, si je comprends bien l'utilisation de ce code que je trouve particulièr...

Noobywan Bonjour, quand la question a été posée dans le forum à celui qui avait fait la requête en am...

Fabian This Code draws only a retangle if the condition has been confirmed and NOT before (in that ...

Share this

Likes