OPEN-SOURCE SCRIPT
5PRB
Updated
This script will plot the support and resistance levels calculated based on previous five days OHL data. Apart from the resistance and support levels, this script also plots the pivots for BUY and SELL trigger points.
Release Notes
In this version, I have made the script more optimized and the support & resistance lines are plotted according to the trading session days.Release Notes
Included Central Pivot Range (CPR) that will help you know the trend more effortlessly.Release Notes
In this version I have fine tuned the support and resistance lines and truncated the decimal points to 2.Release Notes
In this version, the TC, Pivot, BC, Resistance and Support labels are plotted at the right hand side.Release Notes
In this version, I have fixed the co-ordinates of pivot, resistance, and support labels.Release Notes
In this version, I have made the look and feel of this indicator like built-in indicator.Release Notes
In this version I have corrected the support and resistance values.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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