PROTECTED SOURCE SCRIPT
Updated Quamt - Showerhead
Support and Resistance levels based off of Volume based off of multiple timeframes and if you want then you may choose another ticker altogether.
When price closes at which ever level, it'll probably go up if support and down if resistance. If it closes below/above each level then continuation is more likely.
The colors flip depending on if above or below each level
To deal with scaling issues with certain levels, choose how close each level must be to price with the "Percentage Threshold," input.
When price closes at which ever level, it'll probably go up if support and down if resistance. If it closes below/above each level then continuation is more likely.
The colors flip depending on if above or below each level
To deal with scaling issues with certain levels, choose how close each level must be to price with the "Percentage Threshold," input.
Release Notes
Just updated to v5 and some inputs to make it easier for me to useRelease Notes
Added an MA that's useful. Prefer it with the "Higher" option being used. You're welcomeProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.