TradingView
IMARONIN
Aug 13, 2020 10:41 AM

Auto S/R With Swing Trading 

NSE:RELIANCE60
RELIANCE INDSNSE

Description

⋅
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.
Pivot PointsSupport and ResistanceExponential Moving Average (EMA)swingtrading
Comments
IMARONIN
⋅
Forgot to mention the timeframe,

The Best Time frame for Swing Trading is Hourly, For Scalping 3-5 Min
cevj
⋅
Hi this script is amazing. I have a question - is it possible to set an alert for when the Buy Signal turns into a Sell? And what would that workflow look like to set that up if possible. I've set up an alert that says 'Buy Shape crossing Sell Shape' but I think that's wrong.
crudeforex1
⋅
what are the green dots underneath for?
gavingillies2
⋅
What are the green and red dots forming under and on top of some candls
IMARONIN
⋅
@gavingillies2, Then green dot means book the short trade profit same red dot means to book the long profit and trend reversal is near .
kvineeth637
⋅
CAN I GET THE SCRIPT
kaspa4life36
⋅
Amazing set up.
let go ahead and give it a try
srmulye
⋅
What are the green circles below the candle & red circles above the candles which occur sometimes?
srmulye
⋅
I got the answer when i searched the other posts.
gandikotamahesh331
⋅
Can I get the script sir.....
More