Fractal-based Support/Resistance Lines

[Nikolay.Gekht]

The simple indicator which starts a new support/resistance line every time when up or down fractal appears.

Download:

FBSR.lua

(2.31 KiB) Downloaded 10383 times

FBSR with Fibonacci levels

FBSR_With_Fib.lua

(7.79 KiB) Downloaded 5149 times

The indicator was revised and updated

[kytkable]

Hi,
I am a new one. My English is not well.
So many people download the indicator.
It shows that is very useful and helpful.Very thanks to
the worker and fxcodebase.com. I have a request, if
possible, Could anyone show me how to change the
R/S line form "....." to "____"?

Very thanks

[thetruth]

if you need lines only have to change core.Dot for core.Line in function prepare in lines
R= and S=.

Code: Select all

function Prepare()
    source = instance.source;
    first = source:first() + 4;

    local name = profile:id() .. "(" .. source:name() .. ")";
    instance:name(name);
    --core.Dot=core.Line
   R = instance:addStream("R", core.Line, name .. ".R", "R", instance.parameters.R_color, first);
    S = instance:addStream("S", core.Line, name .. ".S", "S", instance.parameters.S_color, first);
end

[kelvincha]

Good Job
That almost the best indicator ever
but I have a request
can i change the resistance and support to fiboncci retracement level of previous day
Thanks a lot

[Apprentice]

It is possible, but then it will be quite a different indicator.

[Nikolay.Gekht]

Good Job
That almost the best indicator ever
but I have a request
can i change the resistance and support to fiboncci retracement level of previous day
Thanks a lot

Hm... As far as I see, this can be done just using PIVOT indicator. Choose "Fibonacci Retarement" in the mode, choose the levels you need and switch the historical mode "on" if you need to see historical levels.

[TradeKing]

How do we change this indicator to lines instead of dots? I see it posted that we have to change core.dot from dot to lines but I don't even know where that would be done. Can someone please assist or change the indicator please. Thanks!

TradeKing

[Apprentice]

Something like this.

FBSR.lua

(2.71 KiB) Downloaded 5333 times

[TradeKing]

Perfect! Thank you very much!

[dollar]

I have downloaded and transfered FBSR.Lua to my tradestation platform however it does not have this appearance as there are also vertical lines connecting to the horizonal lines which are very distracting and make the chart very busy. Is there a way for the code to be changed so that only the horizonal lines appear? The example would fit my eye very nicely for support and resistance only. THANK YOU in advance. Gene Dollar
dollar3539@yahoo.com