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Pullback Script - @belgo - Trader

This document defines an indicator script that plots support and resistance levels based on a user-input period. It takes the highest high and lowest low over the given period to identify resistance and support levels, which are then plotted on the chart with customizable colors. The levels are only plotted when they change from the previous value.

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Wesley Silva Estúdio Tattoo Work
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877 views1 page

Pullback Script - @belgo - Trader

This document defines an indicator script that plots support and resistance levels based on a user-input period. It takes the highest high and lowest low over the given period to identify resistance and support levels, which are then plotted on the chart with customizable colors. The levels are only plotted when they change from the previous value.

Uploaded by

Wesley Silva Estúdio Tattoo Work
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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instrument {

name = 'PULLBACK SCRIPT IG: @belgo_trader',


icon = 'indicators:RSI',
overlay = True
}

boxp=input (21, "front.newind.darvasbox.length", input.integer, 5)

input_group {
"Support and resistance",
top_color = input { default = "red", type = input.color },
bottom_color = input { default = "green", type = input.color },
}

RST = boxp

RSTT = value_when(high >= highest(high, RST), high, 0)


RSTB = value_when(low <= lowest(low, RST), low, 0)
plot (RSTT, "Resistance", iff(RSTT ~= RSTT[1], na ,top_color), 4, 0, style.levels,
na_mode.restart)
plot (RSTB, "support", iff(RSTB ~= RSTB[1], na ,bottom_color), 4, 0, style.levels,
na_mode.restart)

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