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Dynamic support / resistance for choppy market - Hophop
Updated
This indicator is intended to highlight potential support and resistance lines (zones if they are close to each other),
you can both configure how far you would like to check the confluence and enable the recent swing (high/low) to anticipate the future support / resistance.
Potential usage:
On a trending market, it can highlight take profit and stop loss zones.
On a sideways market, long on green lines / short on red lines.
PS: better to get confluence at least with 2 different timeframes.
Eg:
4 Hour XRPBTC
1 Day XRPBTC
If you benefit from this indicator and you would like to see more of these, please support me by your tips
BTC Tip: 39bwXN1chms1yHskBaYwz76UhDakc7grJ7
LTC Tip: MGD3U9dBCBVctwnoCa1grU8ompxG6hUhMk
ETH Tip: 0xEE9684a5aceE85036527aB48E596DeE4627bD84b
Bu indikator potansiyel destek ve direnc bolglerini belirlemek amaciyla gelistirilmistir,
Birbirine yakin olan kirmizi cizgiler direnc bolgesi, yesil cizgiler ise destek bolgesi olarak yorunlanabilir
Girdiler sekmesinde ne kadar gecmis dataya bakilacagini ayarlayabilir ve ayni zamanda potansiyel destek/direnc olabilecek en yakin dip/tepeyi gosterip gostermemesini secebilirsiniz
Potansiyel olarak:
Trend egilimi gosteren paritelerde, kar alma ya da stop belirleme amacli kullanilabilir.
Yatay seyreden paritelerde, yesil cizgi de long, kirmizi cizgide short yapilacak sekilde kullanilabilir.
Not: Islem yaptiginiz zaman dilimi ve ust zaman dilimleri ile ortusen bolgeler bulmak cok daha guvenli sonuclar veriyor ornegin:
Eg:
4 Saat XRPBTC
1 Gun XRPBTC
Bu indikatorden faydalaniyor ve benzerleri uzerinde calismam icin destek olmak isterseniz
BTC Tip: 39bwXN1chms1yHskBaYwz76UhDakc7grJ7
LTC Tip: MGD3U9dBCBVctwnoCa1grU8ompxG6hUhMk
ETH Tip: 0xEE9684a5aceE85036527aB48E596DeE4627bD84b
you can both configure how far you would like to check the confluence and enable the recent swing (high/low) to anticipate the future support / resistance.
Potential usage:
On a trending market, it can highlight take profit and stop loss zones.
On a sideways market, long on green lines / short on red lines.
PS: better to get confluence at least with 2 different timeframes.
Eg:
4 Hour XRPBTC
1 Day XRPBTC
If you benefit from this indicator and you would like to see more of these, please support me by your tips
BTC Tip: 39bwXN1chms1yHskBaYwz76UhDakc7grJ7
LTC Tip: MGD3U9dBCBVctwnoCa1grU8ompxG6hUhMk
ETH Tip: 0xEE9684a5aceE85036527aB48E596DeE4627bD84b
Bu indikator potansiyel destek ve direnc bolglerini belirlemek amaciyla gelistirilmistir,
Birbirine yakin olan kirmizi cizgiler direnc bolgesi, yesil cizgiler ise destek bolgesi olarak yorunlanabilir
Girdiler sekmesinde ne kadar gecmis dataya bakilacagini ayarlayabilir ve ayni zamanda potansiyel destek/direnc olabilecek en yakin dip/tepeyi gosterip gostermemesini secebilirsiniz
Potansiyel olarak:
Trend egilimi gosteren paritelerde, kar alma ya da stop belirleme amacli kullanilabilir.
Yatay seyreden paritelerde, yesil cizgi de long, kirmizi cizgide short yapilacak sekilde kullanilabilir.
Not: Islem yaptiginiz zaman dilimi ve ust zaman dilimleri ile ortusen bolgeler bulmak cok daha guvenli sonuclar veriyor ornegin:
Eg:
4 Saat XRPBTC
1 Gun XRPBTC
Bu indikatorden faydalaniyor ve benzerleri uzerinde calismam icin destek olmak isterseniz
BTC Tip: 39bwXN1chms1yHskBaYwz76UhDakc7grJ7
LTC Tip: MGD3U9dBCBVctwnoCa1grU8ompxG6hUhMk
ETH Tip: 0xEE9684a5aceE85036527aB48E596DeE4627bD84b
Release Notes
- Introduced option to select either wick or body or both wick and body of the candle as a support and resistance reference
- Increased the number of historical points for longer periods
Wicks and body as support and resistance for 4h timeframe
Wicks and body as support and resistance for 1h timeframe
Wicks as support and resistance for 1h timeframe
Body as support and resistance for 1h timeframe
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.