Hello Folks
Does anybody have the indicator showing dynamic support and resistance?
Regards
Rafal
Thank you Grahal for prompt response. They are ok but looking for something more straight forward like the one in the attached file. Any idea how to amend your proposal to colour zones?
No sorry, but a man who can – Nicolas – might happen along soon! 🙂
@Rafal
>> Please update your country flag in your profile. Thank you 🙂 <<
You might something of interest for that purpose in this thread:
https://www.prorealcode.com/topic/swing-lines-indicator/
Or you can browse the library to find other suitable indicators.
Thanks Nicolas. The screenshot which I attached is from Ninja Trading platform. As per the forum thread you recommended I am not sure if swing segments exist in ProRealTime though. It would be great if you could comment on this. 🙂 Thank you in advanced.
WingParticipant
Veteran
This indicator I made may not be what you are looking for, but in my mind it shows ‘dynamic’ support and resistance:
https://www.prorealcode.com/prorealtime-indicators/wings-trend-line-bands-support-resistance/
Thank you Wing. 🙂
I am still looking for the one which I found for Ninja. It seems there are more indicators available for Ninja and MetaTrader than on our platform. 🙁
The screenshot which I attached to this thread looks “very clear” and is straight forward. Of course, we can use standard functionality of ProRealTime for support and resistance but it would be great if one day such indicator becomes available.
Anyway, thank you everybody for your responses.
Good morning Rafal, I have this support / dynamic resistance adapted to Prorealtime from this Tradingview indicator : https://www.tradingview.com/script/UAyxPRch-DYNAMIC-S-R-1-01/
REM DYNAMIC S&R
// Author: samuelhei
// Tips: 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf
// Feel free to use this script as you want!
length = 100
//useRangAv = input(true,"Use range average of support and resistance.",type=bool)
//useLineAv = input(false, "Use average of support and resistance as one line.",type=bool)
perLine = 1 //"Multiplier of averege line."
hhigh = highest[length](high)
chigh = highest[length](close)
llow = lowest[length](low)
clow = lowest[length](close)
mhl = (hhigh+llow)/2
mc = (chigh+clow)/2
aL = ((mhl + mc)/2) * perLine
if mhl then
mhl=useRangAv
endif
if mc then
mc=useRangAv
endif
if al then
al=useLineAv
endif
return hhigh coloured(0,255,255)as "phh",chigh coloured(0,255,255)as "pch", mhl as "mhl",mc as "mmc", al as "Averege line",lLow coloured(128,0,128)as "pl1",cLow coloured(128,0,128)as "pc1"
