PROTECTED SOURCE SCRIPT
Momentum S/R (w/ confirmations)
A momentum based approach to finding support/resistance, with the S/R lines changing color if price action confirms it as support or resistance.
These lines only track the most recent significant support or resistance, so the price can end up above or below both lines. In that case there is an option to "Plot Higher High" or "Plot Lower Low", which will attempt to find a previous weekly top/bottom that is above/below the current price.
These lines only track the most recent significant support or resistance, so the price can end up above or below both lines. In that case there is an option to "Plot Higher High" or "Plot Lower Low", which will attempt to find a previous weekly top/bottom that is above/below the current price.
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