Hi everyone, does anyone know if it is possible to create support and resistance levels that are created based on how many times it has touched a price level? It is to my understanding that think or swim does not support arrays. That being the case, does anyone know of another method to preform this, that is if it is even possible?
correct, no arrays.
if the highest candle to lowest is $1.50 , at 0.01 increments, that is 150 variables to keep track of, plus other support variables and formulas.... not practical.
a simple version of that can be done, by looking at price ranges,
this looks at 40 price ranges, to count prices within a range, to make a profile.
this chooses how many bars back to look for price data
input...