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NeonLight

Supply/Demand

NeonLight Updated   
Trend Analysis
331
6
trendanalysis
Plots lines associated with supply/demand
Pivot highs and lows
Fibonacci retracement zones

Reference

Dashed lines:
Gray = 1.272 of pivot low
Red = Pivot High
Black = 0.236% retrace
Blue = 0.382% retace
Green = 0.618% retrace
Purple = 0.786% retrace
Green = Pivot Low
Gray = 1.272 of pivot high

On daily timeframes
Purple lines represent supply/demand points of interest

Coming soon:

Weekly / Monthly Lines
Release Notes:
Bug Fixes

** Fixed support/resistance lines to be in line with major pivot points
** The net effect is more granular lines at higher time frames (D/2D/3D)
** Intraday (hourly) lines are more granular
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

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.

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