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.
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// 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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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!
What do you mean by “very high volume”?
What do you want to be printed exactly?