Thought I'd share this support and resistance script.
This has two settings on it which are resolution (timeframe) and the number of bars back to look. The default setting is 1 Week and 2 bars which is the one I like using the most.
The highest high and lowest low are indicated by the thicker red lines on the chart.
Enjoy using this.
Cheers
Mike
Catatan Rilis
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Alert option added for when the price is crossing the extreme high or low.
As simple as the concept may be, this is a very powerful tool. Fundamental indicators matter and some of the best entries (long and short) are near support/resistance levels. Thank you for building this and sharing with the community.
Mikeo82
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@joecjr, No problem at all, thanks for the feedback!