Support Resistance 3

// This source code is subject to the terms of the Mozilla Public License 2.
0 at
https://mozilla.org/MPL/2.0/
// © LonesomeTheBlue
//@version=4
study("Support Resistance - Dynamic", overlay = true, max_bars_back = 600)
rb = input(10, title = "Period for Pivot Points", minval = 10)
prd = input(284, title = "Loopback Period", minval = 100, maxval = 500)
nump = input(2, title ="S/R strength", minval = 1)
ChannelW = input(10, title = "Channel Width %", minval = 5)
linestyle = input('Dashed', title = "Line Style", options = ['Solid', 'Dotted',
'Dashed'])
linecolor = input('Blue', title = "Line Color", options = ['Blue', 'Red', 'Lime',
'White', 'Black'])
drawhl = input(true, title = "Draw Highest/Lowest Pivots in Period")
showpp = input(false, title = "Show Point Points")
ph = pivothigh(rb, rb)
pl = pivotlow(rb, rb)
plotshape(ph and showpp, text="[H]", style=shape.labeldown, color=color.white,
textcolor=color.black, location=location.abovebar, transp=0, offset = -rb)
plotshape(pl and showpp, text="[L]", style=shape.labelup, color=color.white,
textcolor=color.black, location=location.belowbar, transp=0, offset = -rb)
// S/R levels
float sr1 = na, float sr2 = na, float sr3 = na, float sr4 = na, float sr5 = na,
float sr6 = na, float sr7 = na, float sr8 = na, float sr9 = na, float sr10 = na
float sr11 = na, float sr12 = na, float sr13 = na, float sr14 = na, float sr15 =
na, float sr16 = na, float sr17 = na, float sr18 = na, float sr19 = na, float sr20
= na
// if number of bars is less then the loop then pine highest() fundtion brings
'na'. we need highest/lowest to claculate channel size
// so you cannot see S/R until the number of bars is equal/greater then the
"Loopback Period"
prdhighest = highest(prd)
prdlowest = lowest(prd)
cwidth = (prdhighest - prdlowest) * ChannelW / 100
//availability of the PPs

a1 = true, a2 = true, a3 = true, a4 = true, a5 = true, a6 = true, a7 = true, a8 =
true, a9 = true, a10 = true
a11 = true, a12 = true, a13 = true, a14 = true, a15 = true, a16 = true, a17 = true,
a18 = true, a19 = true, a20 = true
ppavailable(ind)=> // is PP available?
_ret = ind == 1 and a1 ? true : ind == 2 and a2 ? true : ind == 3
and a3 ? true : ind == 4 and a4 ? true : ind == 5 and a5 ? true :
ind == 6 and a6 ? true : ind == 7 and a7 ? true : ind == 8
false
set_a(t1, a1)=>
_ret = not t1 ? false : a1
// last privot points have more priority to be support/resistance, so we start from

them
// if we met new Pivot Point then we calculate all supports/resistances again
u1 = 0.0, u1 := nz(u1[1])
d1 = 0.0, d1 := nz(d1[1])
highestph = 0.0
lowestpl = 0.0
highestph := highestph[1]
lowestpl := lowestpl[1]
if ph or pl
//old S/Rs not valid anymore
sr1 := na, sr2 := na, sr3 := na, sr4 := na, sr5 := na, sr6 := na, sr7 := na,
sr8 := na, sr9 := na, sr10 := na
sr11 := na, sr12 := na, sr13 := na, sr14 := na, sr15 := na, sr16 := na, sr17 :=
na, sr18 := na, sr19 := na, sr20 := na
highestph := prdlowest
lowestpl := prdhighest
countpp = 0 // keep position of the PP
for x = 0 to prd
if na(close[x])
break
if not na(ph[x]) or not na(pl[x]) // is it PP?
highestph := max(highestph, nz(ph[x], prdlowest), nz(pl[x], prdlowest))
lowestpl := min(lowestpl, nz(ph[x], prdhighest), nz(pl[x], prdhighest))
countpp := countpp + 1
if ppavailable(countpp) // if PP is not used in a channel
upl = (ph[x] ? high[x+rb] : low[x+rb]) + cwidth
dnl = (ph[x] ? high[x+rb] : low[x+rb]) - cwidth
u1 := countpp == 1 ? upl : u1
d1 := countpp == 1 ? dnl : d1
// to keep the PPs which will be in current channel
t1 = true, t2 = true, t3 = true, t4 = true, t5 = true, t6 =
true, t7 = true, t8 = true, t9 = true, t10 = true
cnt = 0 // keep which pivot point we are on
tpoint = 0 // number of PPs in the channel
for xx = 0 to prd
if na(close[xx])
break
if not na(ph[xx]) or not na(pl[xx])
chg = false
cnt := cnt + 1
if ppavailable(cnt) // if PP not used in other channels
if not na(ph[xx])
if high[xx+rb] <= upl and high[xx+rb] >= dnl // PP
is in the channel?
tpoint := tpoint + 1
chg := true
if not na(pl[xx])
if low[xx+rb] <= upl and low[xx+rb] >= dnl // PP
is in the channel?
tpoint := tpoint + 1
chg := true
// set if PP is used in the channel
t1 := iff(chg and cnt == 1, false, t1), t2 := iff(chg and
cnt == 2, false, t2), t3 := iff(chg and cnt == 3, false, t3), t4 := iff(chg and cnt
== 4, false, t4), t5 := iff(chg and cnt == 5, false, t5)
t6 := iff(chg and cnt == 6, false, t6), t7 := iff(chg and
cnt == 7, false, t7), t8 := iff(chg and cnt == 8, false, t8), t9 := iff(chg and cnt
== 9, false, t9), t10 := iff(chg and cnt == 10, false, t10)
t11 := iff(chg and cnt == 11, false, t11), t12 := iff(chg
and cnt == 12, false, t12), t13 := iff(chg and cnt == 13, false, t13), t14 :=
iff(chg and cnt == 14, false, t14), t15 := iff(chg and cnt == 15, false, t15)
if tpoint >= nump // met enough PP in the channel? mark the PP as

used for a channel and set the SR level
a1 := set_a(t1, a1), a2 := set_a(t2, a2), a3 := set_a(t3, a3),
a4 := set_a(t4, a4), a5 := set_a(t5, a5), a6 := set_a(t6, a6), a7 := set_a(t7, a7),
a8 := set_a(t8, a8), a9 := set_a(t9, a9), a10 := set_a(t10, a10)
a11 := set_a(t11, a11), a12 := set_a(t12, a12), a13 :=
set_a(t13, a13), a14 := set_a(t14, a14), a15 := set_a(t15, a15), a16 := set_a(t16,
a16), a17 := set_a(t17, a17), a18 := set_a(t18, a18), a19 := set_a(t19, a19),
a20 := set_a(t20, a20)
a30 := set_a(t30, a30)
a40 := set_a(t40, a40)
sr1 := countpp == 1 ? ph[x] ? high[x+rb] : low[x+rb] : sr1

setline( level) =>

LineStyle = linestyle == 'Solid' ? line.style_solid :
linestyle == 'Dotted' ? line.style_dotted :
line.style_dashed
LineColor = linecolor == 'Blue' ? color.blue :
linecolor == 'Red' ? color.red :
linecolor == 'Lime' ? color.lime :
linecolor == 'White' ? color.white :
color.black
_ret = line.new(bar_index - prd , level, bar_index , level, color = LineColor,
width = 2, style = LineStyle, extend = extend.right)
if ph or pl
line highest_ = na, highest_ := highest_[1]
line lowest_ = na, lowest_ := lowest_[1]
line.delete(highest_)
line.delete(lowest_)
if drawhl
highest_ := line.new(bar_index - prd , highestph, bar_index , highestph,
color = color.blue, style = line.style_dashed, width = 1, extend = extend.right)
lowest_ := line.new(bar_index - prd , lowestpl, bar_index , lowestpl, color
= color.blue, style = line.style_dashed, width = 1, extend = extend.right)
line l1 = na, line l2 = na, line l3 = na, line l4 = na, line l5 = na, line l6 =
na, line l7 = na, line l8 = na, line l9 = na, line l10 = na
line l11 = na, line l12 = na, line l13 = na, line l14 = na, line l15 = na, line
l16 = na, line l17 = na, line l18 = na, line l19 = na, line l20 = na
l1 := l1[1], l2 := l2[1], l3 := l3[1], l4 := l4[1], l5 := l5[1], l6 := l6[1],

l7 := l7[1], l8 := l8[1], l9 := l9[1], l10 := l10[1]
l11 := l11[1], l12 := l12[1], l13 := l13[1], l14 := l14[1], l15 := l15[1],
l16 := l16[1], l17 := l17[1], l18 := l18[1], l19 := l19[1], l20 := l20[1]
line.delete(l1), line.delete(l2), line.delete(l3), line.delete(l4),
line.delete(l9), line.delete(l10)
line.delete(l19), line.delete(l20)
l1 := sr1 ? setline(sr1) : na
// Label for S/R

chper = time - time[1]
chper := change(chper) > 0 ? chper[1] : chper
float lbl1 = na, float lbl2 = na, float lbl3 = na, float lbl4 = na, float lbl5 =
na, float lbl6 = na, float lbl7 = na, float lbl8 = na, float lbl9 = na, float lbl10
= na
float lbl11 = na, float lbl12 = na, float lbl13 = na, float lbl14 = na, float lbl15
= na, float lbl16 = na, float lbl17 = na, float lbl18 = na, float lbl19 = na, float
lbl20 = na
// set new labels if changed

lbl1 := (ph or pl) ? sr1 : lbl1[1]
lbl10 := (ph or pl) ? sr10 : lbl10[1]
lbl11 := (ph or pl) ? sr11 : lbl11[1]
lbl12 := (ph or pl) ? sr12 : lbl12[1]
lbl13 := (ph or pl) ? sr13 : lbl13[1]
lbl14 := (ph or pl) ? sr14 : lbl14[1]
lbl15 := (ph or pl) ? sr15 : lbl15[1]
lbl16 := (ph or pl) ? sr16 : lbl16[1]
lbl17 := (ph or pl) ? sr17 : lbl17[1]
lbl18 := (ph or pl) ? sr18 : lbl18[1]
lbl19 := (ph or pl) ? sr19 : lbl19[1]
lbl20 := (ph or pl) ? sr20 : lbl20[1]
// define and delete old labels

label lb1 = na, label lb2 = na, label lb3 = na, label lb4 = na, label lb5 = na,
label lb6 = na, label lb7 = na, label lb8 = na, label lb9 = na, label lb10 = na
label lb11 = na, label lb12 = na, label lb13 = na, label lb14 = na, label lb15 =
na, label lb16 = na, label lb17 = na, label lb18 = na, label lb19 = na, label lb20
= na
label.delete(lb1[1]), label.delete(lb2[1]), label.delete(lb3[1]),
label.delete(lb10[1])
label.delete(lb20[1])
label hlabel = na
label llabel = na
label.delete(hlabel[1])
label.delete(llabel[1])
// set labels
lb1 := lbl1 ? label.new(x = time + chper * 30, y = lbl1, text = tostring(lbl1),
color = color.lime, textcolor=color.black, style=label.style_labeldown, xloc =
xloc.bar_time, yloc=yloc.price) : na
hlabel := drawhl ? label.new(x = time + chper * 60, y = highestph, text = "Highest
PH " + tostring(highestph), color = color.silver, textcolor=color.black,
style=label.style_labeldown, xloc = xloc.bar_time, yloc=yloc.price) : na
llabel := drawhl ? label.new(x = time + chper * 60, y = lowestpl, text = "Lowest PL
" + tostring(lowestpl), color = color.silver, textcolor=color.black,
style=label.style_labeldown, xloc = xloc.bar_time, yloc=yloc.price) : na

Support Resistance 3

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// This source code is subject to the terms of the Mozilla Public License 2.

//availability of the PPs

// last privot points have more priority to be support/resistance, so we start from

if tpoint >= nump // met enough PP in the channel? mark the PP as

sr1 := countpp == 1 ? ph[x] ? high[x+rb] : low[x+rb] : sr1

setline( level) =>

l1 := l1[1], l2 := l2[1], l3 := l3[1], l4 := l4[1], l5 := l5[1], l6 := l6[1],

// Label for S/R

// set new labels if changed

// define and delete old labels

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