This script is a follow-up to my previous Pivot Support and Resistance Finder. After so many positive feedback, for which I thank you all, I started rebuilding it to implement some requested features.
The biggest change is that by default, the indicator now shows zones instead of lines.
Support Zone: from low to close
Resistance Zone: from close to high
I removed the 5 lines, instead showing the most recent levels and the forming (fast) levels. However, if you change the occurrence in the options, you can still see previous levels:
0 = Current Level
1 = Previous Level
2 = Level before the Previous Level
...
More important configurable options:
Pivot Length
Pivot Quick Length (used to draw forming levels
Option to draw using bar closes, wicks or both (area)
Hide / Display to forming level
Show past levels.
I hope this is clear enough. For any questions, remarks, suggestions, feel free to contact me.
Happy Trading!
Catatan Rilis
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Added the option to choose the current or a higher time frame. Changeable in the Settings Panel.
I'm having a hard time trying to understand this script - rather the V1 is easier to understand and use but I couldn't the option to extend the lines right