OPEN-SOURCE SCRIPT
Support & Resistance [KTY]
[KTY] Support & Resistance
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.
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๐ FEATURES
- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)
- Price Labels
- Shows exact price at each S/R level
- Clean visual reference
- Alert System
- Resistance touch alert
- Support touch alert
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โ HOW TO USE
- Bounce near support โ Higher chance of upward move
- Rejection near resistance โ Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability
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๐ก TIPS
- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Automatically detects and displays key support and resistance levels based on recent pivot highs and lows.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ FEATURES
- Auto-Detection
- Scans recent price action for pivot highs/lows
- Displays up to 3 resistance levels (red)
- Displays up to 3 support levels (green)
- Price Labels
- Shows exact price at each S/R level
- Clean visual reference
- Alert System
- Resistance touch alert
- Support touch alert
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Bounce near support โ Higher chance of upward move
- Rejection near resistance โ Higher chance of downward move
- S/R Flip: Broken support may act as resistance, broken resistance may act as support
- Combine with other indicators for higher reliability
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Higher timeframe S/R levels are more reliable
- Watch for multiple rejections at same level
- Volume confirmation increases reliability
- Use with trendlines or moving averages
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.