OPEN-SOURCE SCRIPT
Multi-Timeframe Support & Resistance Lines with alerts
🚨 New Early Warning Alerts:
⚡ Approaching Resistance Alert
Triggers when: High gets within your specified distance of resistance (but hasn't touched yet)
Message: "Price approaching resistance level - watch for reaction"
Use case: Get ready for potential rejection or breakout
⚡ Approaching Support Alert
Triggers when: Low gets within your specified distance of support (but hasn't touched yet)
Message: "Price approaching support level - watch for reaction"
Use case: Get ready for potential bounce or breakdown
⚙️ New Setting:
Alert Distance (%): How close price needs to get before alerting (default: 0.1%)
0.1% = Very close, fewer false alerts
0.5% = Medium distance, more advance warning
1.0% = Far distance, maximum advance warning
📊 Complete Alert System:
"Approaching Resistance" - Early warning before touch
"Approaching Support" - Early warning before touch
"Resistance Breakout" - Actual break above
"Support Breakdown" - Actual break below
⚡ Approaching Resistance Alert
Triggers when: High gets within your specified distance of resistance (but hasn't touched yet)
Message: "Price approaching resistance level - watch for reaction"
Use case: Get ready for potential rejection or breakout
⚡ Approaching Support Alert
Triggers when: Low gets within your specified distance of support (but hasn't touched yet)
Message: "Price approaching support level - watch for reaction"
Use case: Get ready for potential bounce or breakdown
⚙️ New Setting:
Alert Distance (%): How close price needs to get before alerting (default: 0.1%)
0.1% = Very close, fewer false alerts
0.5% = Medium distance, more advance warning
1.0% = Far distance, maximum advance warning
📊 Complete Alert System:
"Approaching Resistance" - Early warning before touch
"Approaching Support" - Early warning before touch
"Resistance Breakout" - Actual break above
"Support Breakdown" - Actual break below
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.