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Support and Resistance Indicator [CTH]
Support and Resistance Indicator: User Guide
Our Support and Resistance Indicator is a powerful tool designed to help traders identify key price levels where market movements are likely to reverse or stall. By highlighting unbroken support and resistance levels, it simplifies price action analysis and provides actionable insights for both new and experienced traders.
How the Indicator Works
Identifying Support and Resistance Levels
The indicator identifies pivot highs and lows to plot key support (green zones) and resistance (red zones) levels on the chart. It focuses on unmitigated levels, meaning that once a level is breached (mitigated), it is automatically removed from the chart to ensure clarity.
Price Reaction to Levels
Support (Green Zones): When the price approaches a support level, it suggests a potential upward bounce.
Resistance (Red Zones): When the price approaches a resistance level, it indicates a potential downward rejection.
Dynamic Updates
As new price action unfolds, the indicator updates to reflect the most relevant unbroken levels, helping traders focus on actionable areas of interest.
Key Features
Inputs for Customization
Sensitivity
Adjust the sensitivity to control how the indicator identifies swing lengths.
The value ranges from 0 (least sensitive) to 100 (most sensitive).
Default Setting: 50, which works effectively across most time frames.
Historical Zones to Show
Define how many previous support and resistance levels you wish to display on your chart.
This feature helps you focus only on levels within your desired price range, decluttering the chart for better analysis.
Visual Adjustments
Color Customization
Customize the colors of support and resistance zones to suit your charting preferences.
Default settings: Green for support, Red for resistance.
Opacity Control
Adjust the opacity of the zones to make them more or less prominent based on your visual preference.
Practical Tips
Fine-tune Sensitivity based on your trading style and the time frame you are analyzing. For shorter time frames, slightly higher sensitivity may help identify closer levels.
Use the Historical Zones setting to tailor the chart view to your trading horizon. Fewer levels may suit scalpers, while more levels might be helpful for swing traders.
Combine the indicator with other tools or strategies for enhanced decision-making. For instance, use it alongside volume analysis or candlestick patterns to confirm potential reversals.
Our Support and Resistance Indicator is a powerful tool designed to help traders identify key price levels where market movements are likely to reverse or stall. By highlighting unbroken support and resistance levels, it simplifies price action analysis and provides actionable insights for both new and experienced traders.
How the Indicator Works
Identifying Support and Resistance Levels
The indicator identifies pivot highs and lows to plot key support (green zones) and resistance (red zones) levels on the chart. It focuses on unmitigated levels, meaning that once a level is breached (mitigated), it is automatically removed from the chart to ensure clarity.
Price Reaction to Levels
Support (Green Zones): When the price approaches a support level, it suggests a potential upward bounce.
Resistance (Red Zones): When the price approaches a resistance level, it indicates a potential downward rejection.
Dynamic Updates
As new price action unfolds, the indicator updates to reflect the most relevant unbroken levels, helping traders focus on actionable areas of interest.
Key Features
Inputs for Customization
Sensitivity
Adjust the sensitivity to control how the indicator identifies swing lengths.
The value ranges from 0 (least sensitive) to 100 (most sensitive).
Default Setting: 50, which works effectively across most time frames.
Historical Zones to Show
Define how many previous support and resistance levels you wish to display on your chart.
This feature helps you focus only on levels within your desired price range, decluttering the chart for better analysis.
Visual Adjustments
Color Customization
Customize the colors of support and resistance zones to suit your charting preferences.
Default settings: Green for support, Red for resistance.
Opacity Control
Adjust the opacity of the zones to make them more or less prominent based on your visual preference.
Practical Tips
Fine-tune Sensitivity based on your trading style and the time frame you are analyzing. For shorter time frames, slightly higher sensitivity may help identify closer levels.
Use the Historical Zones setting to tailor the chart view to your trading horizon. Fewer levels may suit scalpers, while more levels might be helpful for swing traders.
Combine the indicator with other tools or strategies for enhanced decision-making. For instance, use it alongside volume analysis or candlestick patterns to confirm potential reversals.
招待専用スクリプト
こちらのスクリプトにアクセスできるのは投稿者が承認したユーザーだけです。投稿者にリクエストして使用許可を得る必要があります。通常の場合、支払い後に許可されます。詳細については、以下、作者の指示をお読みになるか、CryptoTradesHubに直接ご連絡ください。
このプライベートの招待専用スクリプトは、まだスクリプトモデレーターによるレビューを受けていません。ハウスルールに準拠しているかについては不明です。 スクリプトの機能を理解し、その作者を全面的に信頼しているのでなければ、お金を支払ってまでそのスクリプトを利用することをTradingViewとしては「非推奨」としています。コミュニティスクリプトの中で、その代わりとなる無料かつオープンソースのスクリプトを見つけられる可能性もあります。
作者の指示
See website for more details.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
招待専用スクリプト
こちらのスクリプトにアクセスできるのは投稿者が承認したユーザーだけです。投稿者にリクエストして使用許可を得る必要があります。通常の場合、支払い後に許可されます。詳細については、以下、作者の指示をお読みになるか、CryptoTradesHubに直接ご連絡ください。
このプライベートの招待専用スクリプトは、まだスクリプトモデレーターによるレビューを受けていません。ハウスルールに準拠しているかについては不明です。 スクリプトの機能を理解し、その作者を全面的に信頼しているのでなければ、お金を支払ってまでそのスクリプトを利用することをTradingViewとしては「非推奨」としています。コミュニティスクリプトの中で、その代わりとなる無料かつオープンソースのスクリプトを見つけられる可能性もあります。
作者の指示
See website for more details.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。