Cosmic Markers Lite — Indicator by cosmic_indicators

pivotpointsandlevels trendanalysis volatility highest lowest swing extremes reversal

This marker-only indicator traces highest and lowest bars using 5 different periods (the first 3 in aggregation and the rest as is) for a total of 10 support and resistance signals of varying strength. Use Cosmic Markers Lite on its own or add on top of existing chart patterns or other line indicators.

Release Notes:

changed marker color: purple dot is now orange dot
added blue diamond and red diamond markers

Release Notes:

updated logic and view to reduce signal noise
added short title CM Lite

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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.

Disclaimer

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