Creating Support Resistance Lines
Creating Support Lines
1. At the center of the candle at the moment,
Out of the last 10 candles, the low price (L) is within 3% of each other, drawing one line at the low prices of the candles.
2. Out of the last 10 candles, the market price (O) is within 3% of each other, drawing one line at the low end of each candle.
3.Out of the last 10 candles, the closing price (C) is within 3% of each other, and one line is drawn at the lower prices of the candles.
4. Draw one line when the three lines match the above three conditions.
Creating Resistance Lines
(1)At the center of the candle at the moment,
Out of the last 10 cans, one line is drawn at high prices where the high price (H) is within 3% of each other.
(2)Of the past 10 candles, the market price (O) draws one line on the market prices of the candles within 3% of the above condition (1) with the high price (H).
(3)Of the last 10 candles, the closing price (C) draws one line at the closing prices of candles within 3% of the above conditions (1) high price (H).
4. When the above three conditions match within 3%, one line is drawn to create a resistance line.
Tradingview Lots of support. Resistance Indicators I'm looking for. Made by a resistance indicator with the help of COPA.