Description: It's just levels of previous periods, with the inclusion of 4 hour and and month. Nothing special. Setup: Should be mostly self explanatory... but selecting either the 4 hour or month check boxes will override the dropdown selection. Checking both the 4 hour and month boxes together will cause it to default to whatever has been selected in...
EXPERIMENTAL: Request for: MarxBabu changed gap detection method. added previous close line
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p (JeanLouisHardy) added option for bar count system, also added a donchian average.
EXPERIMENTAL: Fibonacci rate levels based on price advance/decline, can be used to make visualizations of fib clusters or for cycles.
Support and Resistance using donchian channels to validate tops/bottoms (note: while donchians follow price closely within look back window, this will only update new top/bottom when making new extremes in the donchian channel) combo with other systems:
Choose timeframe for pivots ...Play with it you can find this useful
EXPERIMENTAL:MML using a absolute deviation average oscilator, i think this gives better results then donchian channels. color scheme for the bar color was ripped from UCS's MML oscilator :p thx.
EXPERIMENTAL: previous custom time window median price and current time window open price in a neat package :p
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
EXPERIMENTAL: update, added lvl 50 rsi median level.
EXPERIMENTAL: update to previous version, added a average of the fractal levels and the ability to hide the diferent components.
EXPERIMENTAL: fixed some issues, found some more. doesnt work on unconventional resolutions ex:. 240minutes.
EXPERIMENTAL: theres some issues, like not being able to read sidney's open bar on the start of the week, so use this cautiously :p
Cheap horizontal levels on chart idea is: When spread is low and volume is high, then price is well accepted and will be retested in future. Areas without such "market efficiency" will be passed fast without stopping or rejected.
study is still in early phase of development and is a bit slow loading be patient. Absolute levels based on historic highest high value and time frame. looking for feedback ;)
Cueing Off Support And Resistance Levels, by Thom Hartle The related article is copyrighted material from Stocks & Commodities.