Dynamic Support and Resistance Indicator
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- This topic has 8 replies, 5 voices, and was last updated 7 years ago by bolsatrilera.
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06/03/2017 at 1:42 PM #3734406/03/2017 at 2:02 PM #3734506/03/2017 at 2:22 PM #3734606/03/2017 at 4:20 PM #3734806/03/2017 at 5:42 PM #37351
@Rafal
>> Please update your country flag in your profile. Thank you 🙂 <<
You might something of interest for that purpose in this thread: https://www.prorealcode.com/topic/swing-lines-indicator/
Or you can browse the library to find other suitable indicators.
06/03/2017 at 6:41 PM #37357Thanks Nicolas. The screenshot which I attached is from Ninja Trading platform. As per the forum thread you recommended I am not sure if swing segments exist in ProRealTime though. It would be great if you could comment on this. 🙂 Thank you in advanced.
06/04/2017 at 12:09 AM #37362This indicator I made may not be what you are looking for, but in my mind it shows ‘dynamic’ support and resistance: https://www.prorealcode.com/prorealtime-indicators/wings-trend-line-bands-support-resistance/
06/04/2017 at 12:39 AM #37363Thank you Wing. 🙂
I am still looking for the one which I found for Ninja. It seems there are more indicators available for Ninja and MetaTrader than on our platform. 🙁
The screenshot which I attached to this thread looks “very clear” and is straight forward. Of course, we can use standard functionality of ProRealTime for support and resistance but it would be great if one day such indicator becomes available.
Anyway, thank you everybody for your responses.
06/04/2017 at 10:13 AM #37368Good morning Rafal, I have this support / dynamic resistance adapted to Prorealtime from this Tradingview indicator : https://www.tradingview.com/script/UAyxPRch-DYNAMIC-S-R-1-01/
12345678910111213141516171819202122232425262728293031323334REM DYNAMIC S&R// Author: samuelhei// Tips: 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf// Feel free to use this script as you want!length = 100//useRangAv = input(true,"Use range average of support and resistance.",type=bool)//useLineAv = input(false, "Use average of support and resistance as one line.",type=bool)perLine = 1 //"Multiplier of averege line."hhigh = highest[length](high)chigh = highest[length](close)llow = lowest[length](low)clow = lowest[length](close)mhl = (hhigh+llow)/2mc = (chigh+clow)/2aL = ((mhl + mc)/2) * perLineif mhl thenmhl=useRangAvendifif mc thenmc=useRangAvendifif al thenal=useLineAvendifreturn hhigh coloured(0,255,255)as "phh",chigh coloured(0,255,255)as "pch", mhl as "mhl",mc as "mmc", al as "Averege line",lLow coloured(128,0,128)as "pl1",cLow coloured(128,0,128)as "pc1"1 user thanked author for this post.
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