OPEN-SOURCE SCRIPT
[RickAtw] S1 Support and resistance
This indicator helps to identify the current support and resistance in the market.
Function
Shows at which points the correction appears and at which points there is resistance
Key Signal
buy ---> If a blue zone forms
sell --->If a black zone forms
Remarks
This helps you determine the approximate support and resistance area.
Since we cannot look into the future, it does not inform you about the exact entries, but it shows who is dominating the market at the moment.
Readme
In real life, I am a professional investor. And I check each of my indicators on my portfolio and how effective it is. I will not post a non-working method. The main thing is to wait for the beginning of trends and make money!
I would be grateful if you subscribe ❤️
Function
Shows at which points the correction appears and at which points there is resistance
Key Signal
buy ---> If a blue zone forms
sell --->If a black zone forms
Remarks
This helps you determine the approximate support and resistance area.
Since we cannot look into the future, it does not inform you about the exact entries, but it shows who is dominating the market at the moment.
Readme
In real life, I am a professional investor. And I check each of my indicators on my portfolio and how effective it is. I will not post a non-working method. The main thing is to wait for the beginning of trends and make money!
I would be grateful if you subscribe ❤️
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 publication is governed by House rules. You can favorite it to use it on a chart.
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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.