Cosmic BB SR — Indicator by cosmic_indicators

supportandresistance bollingerbands testing

This script is based on Bollinger Bands/Bandwidth data and displays support and resistance levels (thick horizontal lines), the direction/volatility of the levels (thin dynamic lines), and the testing of the levels (cross markers).

Release Notes:

upgraded to Pine Script v5
added alerts (for new levels and tests)
updated settings menu
added Extensions setting to extend latest SR lines
updated colors

Release Notes:

This indicator is now easier to view when using in conjunction with other Cosmic indicators.

added fill setting
updated colors
updated test marker shapes

Release Notes:

fixed breaking bug
added BB Mult setting

📣 Ask on Reddit: shorturl.at/BILRZ
👀 Watch on TikTok: shorturl.at/gzAPW

🚩 Disclaimer: the information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?