INVITE-ONLY SCRIPT

Level King

3 461
Shows key historical support & resistance (S/R) levels on multiple timeframes
  • Shows two nearest levels below and above current close price on 2 selected time frames
  • Option to select timeframes (daily, weekly, monthly, current)
  • Option to display moving average S/R levels as well (daily and weekly)
  • Option to display levels for current bar only, or to show all historic S/R levels as they occurred


Strategies include:
  • Enter or add to long positions on "support" (when price touches a green/blue line)
  • Enter or add to short positions on "resistance" (when price touches a red/purple line)
  • Take profit from a long position when a "resistance" level is touched for the first time
  • Take profit from a short position when a "support" level is touched for the first time

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.