PROTECTED SOURCE SCRIPT
Updated Hermes and Resistance and Support
The purpose of this indicator is to show the key reference level for both sides of the market.
If the price breaks the reference level up and the price bar closes above the reference line, It will trigger a long position and the stop-loss for this position will be the support level .
If the price breaks the reference level down and the price bar closes below the reference line, It will trigger a short position and the stop-loss for this position will be the resistance level .
If the price breaks the reference level up and the price bar closes above the reference line, It will trigger a long position and the stop-loss for this position will be the support level .
If the price breaks the reference level down and the price bar closes below the reference line, It will trigger a short position and the stop-loss for this position will be the resistance level .
Release Notes
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minor changesRelease Notes
updated version more efficientProtected 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.