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Stochastic RSI+ Support/Resistance (beta)

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Trend Analysis Stochastic RSI (STOCH RSI) support Support and Resistance
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trendanalysis stochasticrsi support supportandresistance
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.
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

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