OPEN-SOURCE SCRIPT
⚜️SMB Golden Rate⚜️
The ⚜️SMB Golden Rate⚜️ indicator is designed to automatically calculate key support and resistance levels across multiple timeframes and present them in a simple, user-friendly table. This tool helps traders make better trading decisions based on real-time market analysis.
Key Features
Automatic Support and Resistance Calculation:
Utilizes Heikin Ashi data to calculate support and resistance levels.
Multi-Timeframe Display:
Displays daily (Daily), 4-hour (4H), and hourly (1H) support and resistance levels in a detailed table.
Interactive Table:
Clearly organizes pivot levels (Pivot), supports, and resistances by timeframe.
Price Change Tracking:
Shows percentage changes relative to the previous day's closing price.
Fibonacci Levels:
Includes Fibonacci retracement levels to identify potential entry and exit points.
Customizable Timeframes:
Allows customization of timeframes for Fibonacci and other components to suit different trading strategies.
This indicator is ideal for:
Day Traders: Identify key support and resistance levels for intraday trading.
Swing Traders: Make better decisions around critical price ranges.
Scalpers: Find quick entry and exit points effectively.
Adding the Indicator to Your Chart:
Search for ⚜️SMB Golden Rate⚜️ in the "Indicators" section on TradingView and add it to your chart.
Support and Resistance Table:
Columns include values for Daily, 4H, and 1H timeframes.
Levels R3, R2, and R1 indicate resistances, while S3, S2, and S1 indicate supports.
Fibonacci Analysis:
Fibonacci levels are displayed as colored lines:
Red: Dangerous Zone
Orange: Confirmation Zone
Green: Ideal Entry Levels
Price Change Tracking:
A table displays the percentage price change compared to the previous day’s close.
This indicator is crafted to assist traders in making precise trading decisions by focusing on real-time market analysis. With multi-timeframe support, pivot levels, and Fibonacci tools, the ⚜️SMB Golden Rate⚜️ provides deep insights into price movements, helping you trade with confidence.
Key Features
Automatic Support and Resistance Calculation:
Utilizes Heikin Ashi data to calculate support and resistance levels.
Multi-Timeframe Display:
Displays daily (Daily), 4-hour (4H), and hourly (1H) support and resistance levels in a detailed table.
Interactive Table:
Clearly organizes pivot levels (Pivot), supports, and resistances by timeframe.
Price Change Tracking:
Shows percentage changes relative to the previous day's closing price.
Fibonacci Levels:
Includes Fibonacci retracement levels to identify potential entry and exit points.
Customizable Timeframes:
Allows customization of timeframes for Fibonacci and other components to suit different trading strategies.
This indicator is ideal for:
Day Traders: Identify key support and resistance levels for intraday trading.
Swing Traders: Make better decisions around critical price ranges.
Scalpers: Find quick entry and exit points effectively.
Adding the Indicator to Your Chart:
Search for ⚜️SMB Golden Rate⚜️ in the "Indicators" section on TradingView and add it to your chart.
Support and Resistance Table:
Columns include values for Daily, 4H, and 1H timeframes.
Levels R3, R2, and R1 indicate resistances, while S3, S2, and S1 indicate supports.
Fibonacci Analysis:
Fibonacci levels are displayed as colored lines:
Red: Dangerous Zone
Orange: Confirmation Zone
Green: Ideal Entry Levels
Price Change Tracking:
A table displays the percentage price change compared to the previous day’s close.
This indicator is crafted to assist traders in making precise trading decisions by focusing on real-time market analysis. With multi-timeframe support, pivot levels, and Fibonacci tools, the ⚜️SMB Golden Rate⚜️ provides deep insights into price movements, helping you trade with confidence.
Skrip open-source
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