OPEN-SOURCE SCRIPT
Support/Resistance (Rupprecht)
Set the maximum data points to look back for a support resistance line, then set the pivot point threshold and your off to the races.
Very effective solution to have your support resistance points automatically show up on your chart. A good tip is to include 2 or 3 of this indicator on your chart with varying levels of degree for support and resistance categorized by color.
Best of luck :)
Very effective solution to have your support resistance points automatically show up on your chart. A good tip is to include 2 or 3 of this indicator on your chart with varying levels of degree for support and resistance categorized by color.
Best of luck :)
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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