synapticEx

Fractal Support Resistance (Fixed Volume) 2

Fractal Support Resistance (Fixed Volume ) 2

http://synapticex.com
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.

Want to use this script on a chart?
//@version=2
//synapticex.com
study("Fractal Support Resistance", shorttitle="FSR", overlay=true)
tf = input(title="Resolution", type=resolution, defval = "current")
vamp = input(title="VolumeMA", type=integer, defval=6)
vam = sma(volume, vamp)

up = high[3]>high[4] and high[4]>high[5] and high[2]<high[3] and high[1]<high[2] and volume[3]>vam[3]
down = low[3]<low[4] and low[4]<low[5] and low[2]>low[3] and low[1]>low[2] and volume[3]>vam[3]
fractalup =  up ? high[3] : fractalup[1] 
fractaldown = down ? low[3] : fractaldown[1]

fuptf = security(tickerid,tf == "current" ? period : tf, fractalup)
fdowntf = security(tickerid,tf == "current" ? period : tf, fractaldown)

plot(fuptf, "FractalUp", color=lime, linewidth=1, style=cross, transp=0, offset =-3, join=false)
plot(fdowntf, "FractalDown", color=red, linewidth=1, style=cross, transp=0, offset=-3, join=false)

Comments

Thankyou so much!! May i ask, what is the difference between Red line and Green Line?
+58 Reply
@tonyyunz, The red line is Demand, green line is Supply
+7 Reply
cubanamerican88 nguyenthimongtrinh
@nguyenthimongtrinh, thank you
Reply
updated?
+10 Reply
how come this isnt showing up on my chart?How come it only work for certain pairs?
Reply
lildean254 lildean254
@lildean254, nevermind i got it,i had to refresh the page.
Reply
Than you!
Reply
Does anyone have this indicator for metaTrader 4 ?
Reply
Thanks :)
Reply
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