Fairly simple script that automatically draws highs and lows for the past X periods at various intervals.
3 Settings : "Sensitivity" which amounts to the horizontal separation from one high to the next high (default multiplicator : 10) Variable "b" which is the HEX color for resistances (default : red) Variable "c" which is the HEX color for supports (default : blue)
Fairly simple script that automatically draws highs and lows for the past X periods at various intervals.
3 Settings : "Sensitivity" which amounts to the horizontal separation from one high to the next high (default multiplicator : 10) "Transparency" ... Multiple lines piling up at the same level will cause the s/r levels to be more or less visible.
Variable "b" which is the HEX color for resistances (default : red) Variable "c" which is the HEX color for supports (default : blue)
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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