OPEN-SOURCE SCRIPT
CHANDAN DARBAR Support & Resistance
Auto Hourly Pivot & Price-Cross Signals
by shrinathdarbar250
This indicator automatically calculates hourly pivot points using the previous hour’s high, low, and close values. It displays the key pivot levels (Pivot, R1, S1, R2, S2, R3, S3) on your chart with dynamic coloring—red if the level is above the current price (acting as potential resistance) and green if below (acting as potential support).
Key Features:
Hourly Pivot Calculation: Automatically computes pivot levels using standard formulas based on the previous hour’s data.
Dynamic Coloring: Pivot lines change color in real time to indicate whether they are above (red) or below (green) the current price.
Price-Cross Signals: Generates a BUY signal when the price crosses above any resistance level and a SELL signal when the price crosses below any support level.
Automatic Updates: Pivot lines are refreshed every hour—old lines are deleted when a new hour begins, keeping your chart clean and up-to-date.
This indicator is ideal for traders looking to quickly identify dynamic support and resistance levels and capture potential breakout or reversal opportunities based on hourly market structure.
by shrinathdarbar250
This indicator automatically calculates hourly pivot points using the previous hour’s high, low, and close values. It displays the key pivot levels (Pivot, R1, S1, R2, S2, R3, S3) on your chart with dynamic coloring—red if the level is above the current price (acting as potential resistance) and green if below (acting as potential support).
Key Features:
Hourly Pivot Calculation: Automatically computes pivot levels using standard formulas based on the previous hour’s data.
Dynamic Coloring: Pivot lines change color in real time to indicate whether they are above (red) or below (green) the current price.
Price-Cross Signals: Generates a BUY signal when the price crosses above any resistance level and a SELL signal when the price crosses below any support level.
Automatic Updates: Pivot lines are refreshed every hour—old lines are deleted when a new hour begins, keeping your chart clean and up-to-date.
This indicator is ideal for traders looking to quickly identify dynamic support and resistance levels and capture potential breakout or reversal opportunities based on hourly market structure.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Inggin menggunakan skrip ini pada chart?
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.