OPEN-SOURCE SCRIPT
Ultimate S/R v6: Visual + Multi-Calculated
How to use this for entries:
Wait for the price to touch a Green line (Support).
Look at the Volume bars at the bottom of your chart.
If the Volume is Red and huge as it breaks through, stay out.
If the Volume turns Green and huge as the price touches the line and starts to lift, that is your entry.
Wait for the price to touch a Green line (Support).
Look at the Volume bars at the bottom of your chart.
If the Volume is Red and huge as it breaks through, stay out.
If the Volume turns Green and huge as the price touches the line and starts to lift, that is your entry.
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.