VB Resistance Support — Indicator by sw6794

supportandresistance volume vb support vbindicator scamismoney

The VB RS indicator will plot dot lines that represent the swing points based on the swing length input(number of bars to the left and right of the swing point).

Swing highs and lows can be used by traders to identify possible areas of support and resistance , which can then be used to determine optimal positions for stop-loss or profit target orders.

highs and lows are earlier market turning points. Hence, they are natural choices for projecting support and resistance levels. Every point is a potential support or resistance level . However, for effective trading, focus on major swing highs and lows.

This indicator was created based on VB Indicator.

Release Notes:

Resistance & Support line style edit
circles -> linebar

Release Notes:

add function
view background RED, GREEN, BLUE

Release Notes:

add new function

can check cloud like Ichimoku Cloud.

Release Notes:

update

Release Notes:

update

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact sw6794 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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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