OPEN-SOURCE SCRIPT
Updated Volatility semaphore Support&Resistance multi timeframe [LM]
Hello Traders,
I would like to introduce you volatility semaphore support&resistance levels. The idea is the same as the pivot
semaphore script of mine to spot the importance of support&resistence.
It is little bit different than previous script as it uses different line API than previous volatility support& resistance multi timeframe [LM]. You have more control over hat and how many lines are rendered(better to use odd numbers in line count setting as it always finds 2 S/R lines). Also this indicator has setup for contol whether you want wicky candles or no by setting percentage of candle body that is accepted.
I hope you will enjoy it.
I would like to introduce you volatility semaphore support&resistance levels. The idea is the same as the pivot
semaphore script of mine to spot the importance of support&resistence.
It is little bit different than previous script as it uses different line API than previous volatility support& resistance multi timeframe [LM]. You have more control over hat and how many lines are rendered(better to use odd numbers in line count setting as it always finds 2 S/R lines). Also this indicator has setup for contol whether you want wicky candles or no by setting percentage of candle body that is accepted.
I hope you will enjoy it.
Release Notes
fixing problem with resolution settingsRelease Notes
removed unused general settingRelease Notes
another unnecesary code removedOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.