Pivot Support & Resistance Bands

• 04/02/2020 at 6:20 PM #124390
  robertogozzi

  Following a request by @Bard at https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/, I made this variation of the same indicator, with EMA bands replacing S&R Pivot segments:

  Pivot Support & Resistance Bands

  // Pivot Support & Resistance Bands // // https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/ // DEFPARAM CalculateOnLastBars = 1000 //p = 2 //2 periods //Type = 1 //1 = Ema PivotBAR = 2 //2 bars AFTER pivot LookBack = 4 //4 bars BEFORE pivot BarLookBack = PivotBAR + 1 IF low[PivotBAR] < lowest[LookBack](low)[BarLookBack] THEN IF low[PivotBAR] = lowest[BarLookBack](low) THEN //MySupport = BarIndex - PivotBAR SupportPrice = low[PivotBAR] ENDIF ENDIF IF high[PivotBAR] > highest[LookBack](high)[BarLookBack] THEN IF high[PivotBAR] = highest[BarLookBack](high) THEN //MyResistance = BarIndex - PivotBAR ResistancePrice = high[PivotBAR]//high[BarIndex - MyResistance] ENDIF ENDIF EmaResistance = average[p,Type](ResistancePrice) EmaSupport = average[p,Type](SupportPrice) MidLine = EmaSupport + ((EmaResistance - EmaSupport) / 2) //DRAWSEGMENT(MyResistance,ResistancePrice,BarIndex,ResistancePrice) COLOURED(255,0,0,255) //DRAWSEGMENT(MySupport,SupportPrice,BarIndex,SupportPrice) COLOURED(0,128,0,255) RETURN EmaResistance COLOURED(255,0,0,255) AS "EmaResistance",EmaSupport COLOURED(0,128,0,255) AS "EmaSupport",MidLine coloured(0,0,0,32) AS "MidLine"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

  // Pivot Support & Resistance Bands // // https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-zones/ // DEFPARAM CalculateOnLastBars = 1000 //p    = 2                            //2  periods //Type = 1                            //1 = Ema PivotBAR     = 2                      //2  bars AFTER  pivot LookBack     = 4                      //4  bars BEFORE pivot BarLookBack  = PivotBAR + 1 IF low[PivotBAR] < lowest[LookBack](low)[BarLookBack] THEN    IF low[PivotBAR] = lowest[BarLookBack](low) THEN       //MySupport     = BarIndex - PivotBAR       SupportPrice  = low[PivotBAR]    ENDIF ENDIF IF high[PivotBAR] > highest[LookBack](high)[BarLookBack] THEN    IF high[PivotBAR]  = highest[BarLookBack](high) THEN       //MyResistance    = BarIndex - PivotBAR       ResistancePrice = high[PivotBAR]//high[BarIndex - MyResistance]    ENDIF ENDIF EmaResistance  = average[p,Type](ResistancePrice) EmaSupport     = average[p,Type](SupportPrice) MidLine        = EmaSupport + ((EmaResistance - EmaSupport) / 2) //DRAWSEGMENT(MyResistance,ResistancePrice,BarIndex,ResistancePrice) COLOURED(255,0,0,255) //DRAWSEGMENT(MySupport,SupportPrice,BarIndex,SupportPrice) COLOURED(0,128,0,255) RETURN EmaResistance COLOURED(255,0,0,255) AS "EmaResistance",EmaSupport COLOURED(0,128,0,255) AS "EmaSupport",MidLine coloured(0,0,0,32) AS "MidLine"

  It returns the two bands (Support & Resistance), plus the mean line.

  edit posted here https://www.prorealcode.com/prorealtime-indicators/pivot-support-resistance-bands/

   

  1 user thanked author for this post.

  PLermite

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17142

  Been thanked: 4032 times
  10/22/2020 at 10:30 PM #148133
  gregoire

  bonjour nicolas

  je tourne en rond depuis 1 semaine, je cherche a faire apparaître un signal sur les pivots de prt en daily et 1H, j ai besoin de ton expérience et ton savoir, cela est il réalisable en créant un indicateur qui me poserait un signal lorsque la bougie franchie le pivot ou un de ces support ou résistance et close au dessus ou en dessous de celui ci, c est impératif pour les essais que je souhaite réalisé.

  rien ne ce perd tout ce transforme et s apprend.

  merci à toi….

   

  Hello Nicolas

  I have been going around in circles for 1 week, I am trying to make a signal appear on the loan pivots in daily and 1 hour, I need your experience and your knowledge, this can be done by creating an indicator that would give me a signal when the candle crossed the pivot or one of these support or resistance and closed above or below this one, it is imperative for the tests which I wish carried out.

  nothing loses everything transforms and learns.

  thanks to you….

  

  gregoire

  Participant

  Topics: 23

  Replies: 101

  Been thanked: 7 times
  10/24/2020 at 1:26 PM #148321
  Vonasi

  gregoire – Please follow the forum rules and only post in the language of the forum you are posting in.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
• Author
  Posts