jigneshjc

Jigga - Support Resistance Lines

Hello Investors !!

This study will help many friends who are new to market and facing issue while drawing support and resistance trend line .

I have used inbuilt function PivotHigh and PivotLow to find high and low points for a stock. These points are used then to find support and resistance .

Resistance = Lower Pivot High
Support = Higher Pivot Low

Additionally,
1) plotted exponential moving average which you can change based on your requirement.
2) * will show volume spike => volume > highest volume of given period


How to use this study:
1) short term investor: can buy when price is around support line and sell around resistance line.
2) long term investor: can buy near support or breakout of resistance and sell based on swing high low.


Please note: Lines will be drawn only if change in pivot points . You may not see lines for bigger trend unless there is change.

Note: My previous indicator was removed by Trading view due to unintentional House rules violation. I do respect their decision.
Release Notes: New version update
1) Added bar colour calculation
Bar colour will be changed only if High or low is changed compared to 3 days high and low. You can remove bar colour calculation from setting option.
2) Added EMA band
EMA Band = FILL(EMA,EMA of PIVOT_Support)
Release Notes: Updated to @version=5
Release Notes: Added new feature
1) Vertical lines to show range where stock shows strength against Nifty index
Removed feature
2) removed moving average cloud and volume spike
Release Notes: Added Price level at time of earnings.
Inspired from Earnings S/R Levels
Release Notes: Note: Hide earning lines and displayed on circle.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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