OPEN-SOURCE SCRIPT
IV Proxy with Support and Resistance Levels
This is a simple script that I have created that allows us to visualize the support and resistance levels as well as the implied volatility of a particular stock better. It is self-explanatory and intuitive to use. Given the indicator's function, it is completely adjustable and requires no further inputs.
This is useful for those who wish to automate the process of finding the opening and closing prices of any security as well as their support and resistance levels. it facilitates the process of analyzing and can be used as a tool to decide on entry and exit points
This is useful for those who wish to automate the process of finding the opening and closing prices of any security as well as their support and resistance levels. it facilitates the process of analyzing and can be used as a tool to decide on entry and exit points
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.
Want to use this script on a chart?
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.