Support Resistance Levels

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Support Resistance Levels

Postby Apprentice » Fri Dec 11, 2015 8:16 am

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 1370 times


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


Expansion Retracement Levels.lua
(7.28 KiB) Downloaded 1143 times
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Re: Support Resistance Levels

Postby Enchantinggust » Fri Dec 11, 2015 10:19 pm

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.
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Re: Support Resistance Levels

Postby Apprentice » Wed Dec 16, 2015 5:15 am

Your request is added to the development list.
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Re: Support Resistance Levels

Postby Apprentice » Thu Dec 17, 2015 6:54 am

Expansion Retracement Levels.lua Added.
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Re: Support Resistance Levels

Postby Enchantinggust » Thu Dec 17, 2015 2:35 pm

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
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Re: Support Resistance Levels

Postby Enchantinggust » Mon Dec 21, 2015 1:23 pm

Perfect! Thank you very much.
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Re: Support Resistance Levels

Postby Apprentice » Sun Oct 14, 2018 6:17 am

The indicator was revised and updated.
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Re: Support Resistance Levels

Postby DanPhi74 » Wed Jan 16, 2019 10:42 am

Hi,
could you show the price for each price level line.
Thanks.
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Re: Support Resistance Levels

Postby Apprentice » Thu Jan 17, 2019 4:21 am

Your request is added to the development list under Id Number 4426
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