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

ak5hay2 Works like crazy on bitcoin. Use different timeframes. Thanks a lot Doc!!!

richyowen Hi, great code thanks. Very new to this forum. Is there a way to add a 100point target on an...

lisamitch50 Morning all, Just backtested on quite a few instruments, worked well on backtesting, but tel...

FULVIO09 Attualmente non c'è sufficiente volatilità : la condizione "C0 = AverageTrueRange[1500](Clos...

vlongobardo67 Ma io intendevo in backtest ! Scusa non l’ho menzionato.

ciniselloftse salve fulvio .il trading sistem e sempre profittevole?

cervantes2 Buenas tardes y gracias por este magnifico indicador. Queria saber si tienes un proscreener ...

cervantes2 Que busque los valores que la linea verde acaba de cruzar al alza o a la baja

AngelPujalt Tenéis algún screener de este indicador?

Yannick Hello There is a mistake in trailing stop code, I think that this should fix the problem s...

Paul About the trailing-stop the way it's coded. That works for backtesting only, just look at th...

Jonny sorry paul, but system says that is not possible to put many stop order combined...what have...

s00071609 I am using this indicator but it keep crashing as i change the timeframe. For example, chang...

Nicolas in the mean time you can try this one: https://www.prorealcode.com/prorealtime-indicators/ho...

Gianluca Is it possible to have an indicator where those value are as instogram ? and separated? in o...

rb-72 Thank you, area of twist by dilatacion of the price, missing part of the code that is not pu...

Thomas007 after reading your blog now I understand why there is only a part of your code here. I'm try...

Juanjo Hola¡¡ la estrategia se podria aplicar sobre acciones con marco temporal diario?? gracias.

Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...

Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo

xavieralava hola gracias leo

Nicolas https://www.prorealcode.com/topic/ayuda-screener-indicador-perfect-trend-line/#post-51291

Manu L. Bonjour Nicolas, suite a une de mes precedentes demande dans le forum indicateur, j'ai touv...

AntoGH C'est selon moi le meilleur indicateur, que j'ai vu, si vous trouvez mieux dîtes moi car dif...

Khaled Thanks, but if I may ask what's EMA Period? The price which reverses the EMA[20] is not the ...

Francesco78 EMA is not a moving average, it is just the name we called the quantity defined above

Khaled My bad. Thank you so much!

Wing Not yet but I plan to.

Leo Have a look in this Forum, I got something interesting for you... https://www.prorealcode.co...

Dávid Gyalus Dear Wing, As I am a daytrader, and one of my best friend is a programmer we think your a...

rejo007 hello david, i'll try it could you tell me wich strategy do you use in real? thanks

David Somogyi Hello, I have a couple of DAX strategies of breakout and mean reversion. I'll try to post...

Roberto Blázquez Hi David, I just saw your strategy and it's good!!! I'm going to try it from today in real a...

Nicolas Questo indicatore è stato progettato solo per i dati intraday, ma potrebbe essere adattato a...

MrCrous //FR Bonjour, Dans le code ci dessus, je ne comprends pas ce que fait la ligne : linea...

Nicolas J'ai déjà répondu à cette question quelque part sur le forum. Il faudrait chercher un topic ...

Eusebio Garcia Nuez tambien con que indicador se puede compaginar el ichimoku

Rafa El chivato es el propio SCREENER, aparece cuando las condiciones se cumplen. Y se pueden com...

KarlBenjamin This "indicator" alone has completely changed my algorithms for the better! Id even go as fa...

ashee CAN YOU SHARE MT4 FILE

coyP Big thanks ! Can you explain me how can I put this ON my graph and not under the graph please ?

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