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.

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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

juanj @Holy Grail, glad you like it. Would you perhaps mind sharing your results here: https://www...

CaptainCaveman I am reluctant to say this buy I was a member of Dr Elder trading group for a while . The fa...

micquan The design is too complex and the performance is low.

mathiasKN Steffen Schmauch • 12/11/2018 # hello Nicolas, can I change the indicator that I only get t...

Nicolas Please open a new topic in the indicator forum and explain there your query, thank you.

upupandaway This seems like a very useful indicator. However, it does not seem to open properly in the c...

mscharstrom Hi @robertogozzi, I really love this indicator. However, I'd like to tinker with it to fit ...

Ahimsa Hi Roberto I cannot thank you enough for writing this code. It could help me more than you ...

Nicolas With PRT v11, you have to click on "price" at the upper left side of the price chart.

Leo I don't know, I just copy paste the strategy. The optimisation of the values I wrote them in...

bertrandpinoy hello Leo I'm spending time on your strategy code. do you agree to try to include this code ...

bertrandpinoy //version a: ajout filtre MM defparam cumulateorders=false // --- paramètres taille =...

capgros Bonjour @Nicolas, Thanks a lot for this tool, it is very useful for me. I would like to s...

Hans63 Would you add the possibility to color also the Heikin Ashi and bar chart?

Nicolas That's possible, please open a new topic in the indicator forum explaining what you need exa...

DimKar Dear sir , thank you very much for sharing !!!! it is awesome ...!!! Please can you tell me...

Nicolas Change line 62 with: drawcandle(flup,fldn,flup,fldn) coloured(169,169,169,80) bordercolor(16...

DimKar Thank you very much from Greece sir , have a nice day ....!!!! Really i do not have words...

ottimo Thank you Nicolas, great indicator, N. 1

tikigai Merci Nicolas! First Happy new Year 2020. Very good indicator BUT (yes the french "oui, m...

Nicolas Whats prorealtime version? Did you try in version prior to v11? indicator's call and loop ca...

Nicolas Yes, that's how it goes when using loops..

JosephFelix Hi, Could I please have help with adding these indicators 'on price'? Every indicator that I...

Nicolas Just add it on price by clicking the wrench on the left upper side of the price chart.

Nicolas Sure, I suggest you open a new topic in the forum to discuss about your ideas.

hdgm Bonjour Nicolas, est ce que l'on peut en faire une stratégie de trading automatisée ?

Nicolas Non, pas en utilisant l'indicateur zigzag traditionnel de la plateforme.

Nicolas Apply it on the price chart. The indicator plot just one single line. There are two in the...

jamesoc Hi Nicolas, do you happen to know if there is an indicator that can be applied to charts, to...

gustavobp Buenos dias Nicolas, al agregar tu indicador no me reconoce la variable Price ni en la linea...

tradingpro salve io faccio spread trading e volevo sapere come impostare un profitto da chiudere in a...

Nicolas Per favore non fare domande generali, non correlate al post. Usa invece il forum.

Bard Incredible, that is the clearest depiction of the trend I've ever seen Nicolas. (I just chan...

Appsoluxions Hi Nicolas, do you have the MT4 version of the indicator? I am not sure if these kind of que...

Nicolas Hi, don't have one sorry. But you can still ask for private coding through our programming s...

Appsoluxions Cool. Thanks for the response.

Gianluca ok i fixed it i hope is ok like this: //TAC trader zone 10.2 | indicator //01.01.2018 //R...

TAC Bolsa Hello try this new version or view the blog with the new indicators .. https://www.t...

TAC Bolsa Sorry, TAC Trader Zone V2 https://www.tiburonesdealetacorta.com/2018/11/indicador-tac-tr...

rama I want to use this indicator in trading system, it says zig zag is obsolete and not supported

Nicolas Right, due to its repainting behavior, the zigzag is not allowed in automated trading with r...

rama I noticed it changes as time progress, I am 7 as the average, how many period it wont chang...

Gordon101 Hi when I added your Guppy indicator to my chart it went below the chart beside the oscilla...

Nicolas Add it on the price by using the wrench located on the left upper side of your price chart.

Gordon101 Thanks Nicolas, worked a treat.

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