OPEN-SOURCE SCRIPT

session min/max support&resistance [LM]

Updated

Hello traders,

I would like to present you session min/max support&resistance indicator. The idea behind is to calculate min and max per session and render line at those levels and bars until the price reach the level. With this you can see levels where the price didn't reach with granular control over how many lines can be shown.

Indicator has following settings:
General control - where you can select session interval and show/hide labels
Line control - where you can adjust type of line, color of up/bottom level..

I hope you will enjoy it,
Lukas

Release Notes

filling label with empty string when the price hits the line and stops expanding

Release Notes

Update to include deleting lines that are no longer "active" and price reached already that level, you have know possibility to delete inactive lines but you need to increase line count to be able to see them

Release Notes

changed defaults for session for 0000-0830 NY local, added line for open of the session

Release Notes

change in defaults

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

lmatl

Also on:

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.