OPEN-SOURCE SCRIPT
Automated Support & Resistance Price Levels
Automatic marking and labeling of prior month and week OHLC price levels as well as prior day HL price levels for support and resistance purposes. Highs are green, lows are red, and opens as well as closes are white. Confluences are combined into a single average and blue. Confluences are set by default to include any price levels within 10 ticks of one another but can be customized within the code under "defval" in line 11.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.