OPEN-SOURCE SCRIPT
Support/Resistance (OI) + 9/20 EMA
//version=6
indicator("Support/Resistance (OI) + 9/20 EMA", overlay=true)
ema9 = ta.ema(close, 9)
ema20 = ta.ema(close, 20)
plot(ema9, color=color.blue, linewidth=2, title="EMA 9")
plot(ema20, color=color.orange, linewidth=2, title="EMA 20")
// Update these levels daily based on your OI analysis
s1 = 25850
s2 = 25800
s3 = 25500
r1 = 26000
r2 = 25950
r3 = 26100
// Use hline for persistent horizontal levels
hline(s1, 'Support 1', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s2, 'Support 2', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s3, 'Support 3', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(r1, 'Resistance 1', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r2, 'Resistance 2', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r3, 'Resistance 3', color=color.red, linestyle=hline.style_dashed, linewidth=2)
indicator("Support/Resistance (OI) + 9/20 EMA", overlay=true)
ema9 = ta.ema(close, 9)
ema20 = ta.ema(close, 20)
plot(ema9, color=color.blue, linewidth=2, title="EMA 9")
plot(ema20, color=color.orange, linewidth=2, title="EMA 20")
// Update these levels daily based on your OI analysis
s1 = 25850
s2 = 25800
s3 = 25500
r1 = 26000
r2 = 25950
r3 = 26100
// Use hline for persistent horizontal levels
hline(s1, 'Support 1', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s2, 'Support 2', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(s3, 'Support 3', color=color.green, linestyle=hline.style_dashed, linewidth=2)
hline(r1, 'Resistance 1', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r2, 'Resistance 2', color=color.red, linestyle=hline.style_dashed, linewidth=2)
hline(r3, 'Resistance 3', color=color.red, linestyle=hline.style_dashed, linewidth=2)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.