LonesomeTheBlue

Support Resistance - Aging [Example]

Hello All,

First all of Thanks to Pine Team for adding Arrays to Pine!

In this script I tried to make example for
1. Finding S/R lines using highest/lowest function
2. Using 1D array as 2D (we keep S/R levels and age)
3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears)

You can use "Close"/Open" or "High/Low" as source.


There is an option for the background color, by default it's Black, do not forget to set it accordingly :)



Enjoy!
Release Notes: Fixed it to show S/R levels if their age is greater than 1.
Release Notes: color.rgb used
Red, Green, Blue option added for SR lines
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.

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