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

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//=/===============/=//=/===============/=//=/ 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?

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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

Bard Very interesting approach Vonasi! I'm getting a 404 error when trying to download though?

Vonasi I just tested and I was able to download with no error.

Psari Hi Vonasi, I am a newbie and was wondering whether you could possibly help me with this pro...

manchokcity can we have it in mql4 platform? or how or which platform do we use it?

camporan I don't use MetaTrader so I won't be able to do the translation myself. Sorry!

Alexander9 This can for amibroker ? . Thanks

Gubben So far so good. After a long drawdown it was winning four times in five weeks. Since 24 jul...

pat95162 Salut Pourquoi je n'ai pas les même résultats que vous

UkCoopDownUnder Any hints for us, on which variables we should be optimising ? As of November 2020, the cu...

Alberto Aguilera Hi! Thanks for your strategy Anyone can check it with 200 bars?

TempusFugit Hi, this simple system for DOW and only shorts has worked quite well, maybe because of its q...

phoentzs Unfortunately, I never pursued this strategy further. Maybe I should take a look with what ...

Kovit Hi guys, please could someone help with a bit of Ichimoku code that will improve performance...

Kovit lol I should be more exact with my wording, more accurately I was looking for an indicator t...

jm121212 how can we change the default settings?

robertogozzi It surely CHANGES even when currently outside time range, as the lookback periods change as ...

SkippyTrader Thanks Roberto, but shouldnt the values in the outside time range not be different? As it sh...

robertogozzi Actually it is a constant (I tested them on a 1-hour TF, 9am to 5pm) and outside that time r...

marcosamo Hello and thank you for this indicator, I have a small problem, it only shows the pawn at th...

marcosamo in fact I just saw a rider, so everything works sorry for my previous question

swapping perfect marcosamo, coupled with ichimoku-price-pattern this is better ;)

quibe56 Bonjour, à priori les couleurs pour le Katana ne fonctionnent pas ( départ haussier ou élan...

swapping Bonjour quibe56, n'ayant pas rencontré ce défaut je continu néanmoins à structurer le code p...

Vonasi Yes that was the issue. I have posted an updated ITF file here: https://www.prorealcode.com/...

crolakstrading @vonasi Thank you for fixing the issue! This is a great indicator.

gregoire good evening vonasi , I had made the request to create this indicator a few years ago and I ...

Giogio hello dear Vonasi, thank you for your indicator, can I ask you for some help in order to let...

Pottar24 HI Vonasi I would like to know how can this algorithm give me the value of the last max e mi...

parthapersonal Hello Vonasi, Great work. Is it possible to replicate this to get values of "Price Line" (1...

tobytarczy Hi Vonasi, Sounds lovely, I race yachts around europe myself. Most regattas cancelled unfor...

mlouys Hello Vonasi thank for your work ! A question how can we do it for minutes ( or 15 min or x ...

Vonasi I think that would be possible but probably in a whole new indicator as detecting when a new...

datageek How do I change the thickness of the line or change it too dashed lines? Kind regards

lkiklkik NE fonctionne pas ( ou plus ... )

Nicolas il faut modifier toutes les références à top par itop et bottom par ibottom. Ces mots étant ...

funkystuff Salut Balmora, Ton indicateur est plutôt intéressant :) Penses-tu qu'il soit possible de l'...

brian gilbert Hello, can you explain to me what are "pipsize" and "ATAN"? What functions do they have and ...

Bodaris Bonjour, Je suis débutant 1 mois :p pipsize ressemble à la fonction pointsize et ATAN...

darbes Hi How does it go on live ? JC

antonio73 Balmora74, io vedo che funziona anche su timeframe ad 1 minuto con piccole ottimizzazioni, t...

Juananantoniorodriguez hola buenas, a este sistema automático, Cómo se le podría poner un stoploss de beneficio sim...

Vonasi There is another version of this indicator that can plot the same lines but onto an indicato...

Martin35 Hello Vonasi, do you think it is possible with PRT to code with the same principle as on thi...

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