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Support Resistance Levels

PostPosted: Fri Dec 11, 2015 8:16 am
by Apprentice
EURUSD m1 (12-11-2015 1341).png

Based on request.
viewtopic.php?f=27&t=62931

Indicator will draw line at level set by user,
Zone X pips above / below that line.
Line cross alert is available.

Support Resistance Levels.lua
(7.21 KiB) Downloaded 1378 times


EURUSD m15 (12-17-2015 1219).png


Expansion Retracement Levels.lua
(7.28 KiB) Downloaded 1150 times

Re: Support Resistance Levels

PostPosted: Fri Dec 11, 2015 10:19 pm
by Enchantinggust
Thanks for the quick turnaround. Although this wasn't my original idea, this indicator still has its uses for an alert zone.

What I originally wanted was an indicator that creates a set of support and resistance lines (similar to the Fibonacci expansion / retracement) at levels set by the user in pips.

For example, Euro dollar is trading at 1.09567. If I wanted to set levels based off of squares, I would put in square levels (1,4,9,16,25, etc.), the price (1.09567), and the direction (increasing or decreasing price). So for this example, I want 1.09567 for my price, square numbers for my levels, and I want them increasing in price. When ok is clicked, I should have horizontal lines at the following levels:
1.09577 (1 pip from price)
1.09607 (4 pip)
1.09657 (9 pip)
1.09727 (16 pip)
1.09817 (25 pip)
Etc.... For as many levels as the user would like.

Sorry if I wasn't clear enough in my request.

Re: Support Resistance Levels

PostPosted: Wed Dec 16, 2015 5:15 am
by Apprentice
Your request is added to the development list.

Re: Support Resistance Levels

PostPosted: Thu Dec 17, 2015 6:54 am
by Apprentice
Expansion Retracement Levels.lua Added.

Re: Support Resistance Levels

PostPosted: Thu Dec 17, 2015 2:35 pm
by Enchantinggust
That is much better, thanks! One little detail if you could. Could you please add an option to select whether the lines travel up or whether the lines travel down so I don't have to put a negative sign in front of all of them everytime?

Again, thank you for your great work!

Enchantinggust

Re: Support Resistance Levels

PostPosted: Mon Dec 21, 2015 5:42 am
by Apprentice
Try it now.

Re: Support Resistance Levels

PostPosted: Mon Dec 21, 2015 1:23 pm
by Enchantinggust
Perfect! Thank you very much.

Re: Support Resistance Levels

PostPosted: Sun Oct 14, 2018 6:17 am
by Apprentice
The indicator was revised and updated.

Re: Support Resistance Levels

PostPosted: Wed Jan 16, 2019 10:42 am
by DanPhi74
Hi,
could you show the price for each price level line.
Thanks.

Re: Support Resistance Levels

PostPosted: Thu Jan 17, 2019 4:21 am
by Apprentice
Your request is added to the development list under Id Number 4426