I made this screener out of the indicator https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/ following a request on the forum.
Price levels of support/resistance are 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. The same for a resistance line at a price bar with 4 lower Highs before and followed by 2 lower Highs.
// Pivot S&R screener
//
// Indicator at: https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/
//
PivotBAR = 2 //2 bars AFTER pivot
LookBack = 4 //4 bars BEFORE pivot
BarLookBack = PivotBAR + 1
MySupport = 0
MyResistance = 0
IF low[PivotBAR] < lowest[LookBack](low)[BarLookBack] THEN
IF low[PivotBAR] = lowest[BarLookBack](low) THEN
MySupport = 1
ENDIF
ENDIF
IF high[PivotBAR] > highest[LookBack](high)[BarLookBack] THEN
IF high[PivotBAR] = highest[BarLookBack](high) THEN
MyResistance = 1
ENDIF
ENDIF
x = 0
IF MySupport = 1 THEN
x = 1
ELSIF MyResistance = 1 THEN
x = 2
ENDIF
SCREENER[x](x AS "1=Sup,2=Res")
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What do you mean by "very high volume"? What do you want to be printed exactly?
Great Work Sir, Hats Off.
Hi Roberto, It is possible to modify this indicator which it marks the supports and resistances with a line with a very high volume? Thank you so much!