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OPEN-SOURCE SCRIPT

Stochastic RSI+ Support/Resistance (beta)

By Electrified
Updated
This indicator uses Stochastic RSI+ as a means to determine overbought and oversold conditions which subsequently define recent support and resistance levels.
Release Notes
  • Use full reversal as indication to raise / lower levels.
  • Changed labels for plots.
Release Notes
  • Allowed configuration of reversal levels.
  • Added useful alerts.
Release Notes
Added filled area for the range.
Release Notes
Fixed issue with alerts.
Stochastic RSI (STOCH RSI)supportSupport and ResistanceTrend Analysis

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.

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Electrified

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