IMARONIN

Auto S/R With Swing Trading

In this indicator, you can simply get the automatic support and resistance line.

With this indication of High and Low by H and L with blue line support and resistance .

The second part is the swing trading setup.

Green line means the upside continue with BUY signal.

Yellow Line means a Trend reversal No Trading Zone & wait for the signal.

Red line indicates that the downside continues with the SELL signal.

Release Notes: In this indicator, you can simply get the automatic support and resistance line.

With this indication of High and Low by H and L with blue line support and resistance.

The second part is the swing trading setup.

Green line means the upside continue with BUY signal.

Yellow Line means a Trend reversal No Trading Zone & wait for the signal.

Red line indicates that the downside continues with the SELL signal.

For stop-loss, is the next signal. means if buy signal triggers the wait for sell signal same vice versa.

Bar colour

When buy triggered then the candle turns blue colour.

When Sell triggers then the candle turns yellow colour.

Time Frame:

Scalping: 3-5 Min
Swing Trading: 15-30 Min
Positional: 1-4Hr

Lines

The blue line in the chart indicates the medium-term Moving Average.

The green line in the chart indicates the long-term Moving Average.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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Comments

Forgot to mention the timeframe,

The Best Time frame for Swing Trading is Hourly, For Scalping 3-5 Min
+3 Reply
What are the green and red dots forming under and on top of some candls
Reply
IMARONIN gavingillies2
@gavingillies2, Then green dot means book the short trade profit same red dot means to book the long profit and trend reversal is near .
Reply
Amazing set up.
let go ahead and give it a try
Reply
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