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jadeja_rajdeep
21 Apr 2023 pukul 04.27

Patrick Walker Flat Base 

NSE:GREENPANEL1D
GREENPANEL INDUSTRIES LTDNSE

Deskripsi

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This pine script is provide recent support and resistance.

Script will use ema8, ema21, sma50 and sma200 to generate the support and resistance line.

Inspired from Patrick Walker style of trading. This is my personal logic i build studying the charts.

There is 3 types of resistance generated by this script.

1) top resistance 1

when ema8 > ema21 and low > ema8 and gap between ema21 and sma50 is less than 10% and in last 3 days previous 4th days highs is not crossed by close.

2) top resistance 2

when close/open below ema21 and ema8 > ema21 and high >= ema8 and ema21 > sma50 and gap between ema21 and sma50 is less than 10%

3) bottom resistance

when ema8 < ema21 and close/open cross above ema8 but high < ema21

Catatan Rilis

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changed condition for top resistance 1

now its only generate when ema8 or ema21 above sma50

Catatan Rilis

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Added Relative Strength Line and Relative Strength 21 and 50 into the table

Catatan Rilis

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added rsline 200 and rs 200

Catatan Rilis

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bug fix in color code

Catatan Rilis

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Added input value for gap between 21 & 50. so user can set as per their need.
Default value is 10

Catatan Rilis

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updated condition for top resistance 1 and 2

minimum 3 days required ema8 > ema21

Catatan Rilis

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Updated bottom resistance condition

added close need to be below sma50

removed high need be below ema21

Catatan Rilis

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updated top resistance code condition to check ema8 > ema21 for at least 3 days

Catatan Rilis

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updated bottom resistance code condition

Catatan Rilis

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Added one more resistance code

i called it downdays resistance

when close < open but close > (high+low)/2 then its generate the resistance.

Catatan Rilis

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bug fix in down days resistance condition

Catatan Rilis

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Added volume condition for down days resistance

Catatan Rilis

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updated bottom resistance condition

now it will check for close < ema21 and high >= ema21

Catatan Rilis

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removed open/close above ema8 condition for bottom resistance code

Catatan Rilis

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removed open < sma50 for bottom resistance code.

Catatan Rilis

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Added 5 & 10 Days Pivot Points

Catatan Rilis

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Added 20 days pivot point

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Added Hide / Show input for all the lines.

Catatan Rilis

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changed bottom resistance condition to high > sma50 and close < sma50

Catatan Rilis

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changed bottom resistance condition

Catatan Rilis

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Added 252 days high resistance if next 15 days highest close is not crossed that high.

Catatan Rilis

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Added option to draw recent latest 252 days high resistance or multiple in last 5 years
speed improvements in 252 days high resistance code.

Catatan Rilis

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bug fix in 252 days recent high code

Catatan Rilis

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Added option to hide/show Relative strength table

Catatan Rilis

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bug fix in 10 days pivot point code

Catatan Rilis

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bug fix in 10 days pivot points code

Catatan Rilis

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code improvements in 252 days high resistance line.
Support and Resistancesupportresistence
Komentar
Anastalal93
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Amazing script, keep up the good work
inter_good
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interesting concept using moving averages to create s/r! thanks for sharing
jadeja_rajdeep
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3) Top Resistance Condition
-> ema8 > ema21 > sma50
jadeja_rajdeep
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2) Top Resistance Condition
-> sma50 >= previous days sma50
jadeja_rajdeep
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1) Bottom Resistance Condition
-> bottom resistance line should be above ema21 when breakout happen. otherwise dont take the trade.
or
-> ema21 >= sma50
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