Buy Condition with Support Detection via Swing Lows

[Alex43]

Is there an example of a conditional order that utilizes support and resistance levels to trigger buy and sell actions?
I am not sure if the following would be a good one:

low[1] <= Lowest(low[2], 10) and close > close[1] and volume > Average(volume, 20)

(yesterday hit a swing low) and (today is bouncing upward) and today has above-average volume)

 

[BenTen]

Most support and resistance indicators are repainting indicators. If they don't repaint, then they lag behind.

 

[antwerks]

Is there an example of a conditional order that utilizes support and resistance levels to trigger buy and sell actions?
I am not sure if the following would be a good one:

low[1] <= Lowest(low[2], 10) and close > close[1] and volume > Average(volume, 20)

(yesterday hit a swing low) and (today is bouncing upward) and today has above-average volume)

Here are 2 scanners 1) daily and 2) intraday to run the scan in the 5 or 15 minute timeframe
1) daily

# DAILY SWING-LOW BOUNCE WITH ABOVE-AVERAGE VOLUME
# Use as a Stock Hacker custom study filter by Alex43
# Set the scan aggregation to DAY
# ANTWERKS 08/18/2026

input swingLookback = 10;
input volumeLength = 20;
input useCompletedBarsOnly = yes;

Assert(swingLookback > 0, "swingLookback must be greater than 0");
Assert(volumeLength > 0, "volumeLength must be greater than 0");

# LIVE DAILY VERSION
# Yesterday made a new 10-session swing low. Today is trading above
# yesterday's close on volume running above its 20-session average.
def liveSignal =
    low[1] <= Lowest(low[2], swingLookback) and
    close > close[1] and
    volume > Average(volume, volumeLength);

# COMPLETED-DAY VERSION
# Two sessions ago made the swing low. Yesterday completed a bounce
# on above-average volume. This result remains stable during today.
def completedSignal =
    low[2] <= Lowest(low[3], swingLookback) and
    close[1] > close[2] and
    volume[1] > Average(volume, volumeLength)[1];

plot scan =
    if useCompletedBarsOnly
    then completedSignal
    else liveSignal;

2) Intraday

# INTRADAY SWING-LOW BOUNCE WITH ABOVE-AVERAGE VOLUME
# Use as a Stock Hacker custom study filter from Alex43
# Set the scan aggregation to 5 minutes or 15 minutes
# ANTWERKS 08/18/2026

input swingLookback = 10;
input volumeLength = 20;
input useCompletedBarsOnly = yes;

Assert(swingLookback > 0, "swingLookback must be greater than 0");
Assert(volumeLength > 0, "volumeLength must be greater than 0");

# LIVE VERSION
# Previous intraday candle made a new 10-bar swing low.
# Current developing candle is bouncing with above-average volume.
def liveSignal =
    low[1] <= Lowest(low[2], swingLookback) and
    close > close[1] and
    volume > Average(volume, volumeLength);

# COMPLETED-BAR VERSION
# Two bars ago made the swing low. The most recently completed candle
# bounced and finished with above-average volume. This prevents the
# scan result from flickering during the developing candle.
def completedSignal =
    low[2] <= Lowest(low[3], swingLookback) and
    close[1] > close[2] and
    volume[1] > Average(volume, volumeLength)[1];

plot scan =
    if useCompletedBarsOnly
    then completedSignal
    else liveSignal;

GOOD LUCK! (NOTE_ look to the "down stocks" for bounce canidates in the intraday)