INVITE-ONLY SCRIPT

Support & Resistance Tool v1.00

Updated

This script is able to print strong support and resistance levels based on VWAP, Initial ballance or MA. You can choose your type of trading from Day trading to long time (Investment) and the script will use appropriate timeframe (lower for Daytrades and higher for Swing and Invest). You can set if you want to see current developing VWAP levels or historical. If you choose Initial ballance, you will see most common weekly, monthly or yearly range with multiples. EMA setting uses multitimeframe (W, M, Y) and setting of 200 period, exponencial, so one of the strogest MA traders use.

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Release Notes

The biggest change in the code is the correct display of levels after a new candle is made on current chart TF. All levels as they worked in the old version are preserved. In addition, it is possible to display twice the ValueArea (VAH-VAL) from the VWAP volume. Display is possible on daily, weekly and monthly timeframes. By default, after switching on, the display of historical VWAP values (POC and VAL and VAH) is available according to the set trading type (Day, Swing, ...), as well as twice the ValueArea from the daily and weekly TF. Other level display options are disabled by default and can be activated from the settings. Few other changes are also in color scheme.

Release Notes

Minor code update, improved display when changing chart TF's

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Asanato for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

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Warning: please read before requesting access.

Asanato

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