Plot Support & Resistance Levels based on inputs

[rava]

I need an study that will allow me to input values for support, resistance and fib levels which i will be performing with various time over the weekend. Following the same i will key in the values to the following weeks trade. the study should allow me to enter values manually based on the analysis.

 

[halcyonguy]

I need an study that will allow me to input values for support, resistance and fib levels which i will be performing with various time over the weekend. Following the same i will key in the values to the following weeks trade. the study should allow me to enter values manually based on the analysis.

if you want to plot price levels, from a study, you have to tell it for which stock they are to be used.
you don't want 1 set of prices , intended for 1 stock, overlaid on all stocks.

this will allow you to enter price levels for up to 10 stocks.
just for testing, i put in prices for DOW and T (based on 15min chart)
the other 8 sets are set to 0 and ZZZ (a valid symbol, but no price levels).

for each stock, the user can enter,
. a stock symbol (capital letters)
. 2 support price levels
. 2 resistance price levels.

from the support and resistance levels, it calculates an average zone height for a middle zone.

if you pick a chart symbol that isn't entered in this study, it tells you and lists what symbols are entered.

i didn't do anything with fib levels

#supp_resis_levels_fib

#https://usethinkscript.com/threads/plot-support-resistance-levels-based-on-inputs.20557/
#Plot Support & Resistance Levels based on inputs
#rava  feb 15, 2025

#I need an study that will allow me to input values for support, resistance and fib levels which i will be performing with various time over the weekend. Following the same i will key in the values to the following weeks trade. the study should allow me to enter values manually based on the analysis.

#--------------------------

# if the chart is showing 1 of the 10 picked stocks, lines will be drawn
# enter a stock and 4 price levels, for support and resistance
# enter up to 10 stock parameters
# the mid level range will be calc'd from the supp and resis levels


def na = double.nan;
def bn = barnumber();

#def lastbarbn = HighestAll(If(IsNaN(close), 0, bn));
#def lastbar = if (bn == lastbarbn) then 1 else 0;
def lastbar = !isnan(close[0]) and isnan(close[-1]);
def data = close;

# with invalid stock symbols, this section doesn't work
input stock01 = "DOW";
input support01_a = 35.6;
input support01_b = 36.1;
input resistance01_a = 37.8;
input resistance01_b = 38.1;

input stock02 = "T";
input support02_a = 25.9;
input support02_b = 26.06;
input resistance02_a = 27.0;
input resistance02_b = 27.15;

input stock03 = "ZZZ";
input support03_a = 0.0;
input support03_b = 0.0;
input resistance03_a = 0.0;
input resistance03_b = 0.0;

input stock04 = "ZZZ";
input support04_a = 0.0;
input support04_b = 0.0;
input resistance04_a = 0.0;
input resistance04_b = 0.0;

input stock05 = "ZZZ";
input support05_a = 0.0;
input support05_b = 0.0;
input resistance05_a = 0.0;
input resistance05_b = 0.0;

input stock06 = "ZZZ";
input support06_a = 0.0;
input support06_b = 0.0;
input resistance06_a = 0.0;
input resistance06_b = 0.0;

input stock07 = "ZZZ";
input support07_a = 0.0;
input support07_b = 0.0;
input resistance07_a = 0.0;
input resistance07_b = 0.0;

input stock08 = "ZZZ";
input support08_a = 0.0;
input support08_b = 0.0;
input resistance08_a = 0.0;
input resistance08_b = 0.0;

input stock09 = "ZZZ";
input support09_a = 0.0;
input support09_b = 0.0;
input resistance09_a = 0.0;
input resistance09_b = 0.0;

input stock10 = "ZZZ";
input support10_a = 0.0;
input support10_b = 0.0;
input resistance10_a = 0.0;
input resistance10_b = 0.0;

#-------------------------

#def stk;
def s1;
def s2;
def r1;
def r2;
if GetSymbol() == stock01 and !isnan(close(stock01)) and support01_a > 0 then {
#  stk = close(stock01);
  s1 = support01_a;
  s2 = support01_b;
  r1 = resistance01_a;
  r2 = resistance01_b;
} else if GetSymbol() == stock02 and !isnan(close(stock02)) and support02_a > 0 then {
#  stk = close(stock02);
  s1 = support02_a;
  s2 = support02_b;
  r1 = resistance02_a;
  r2 = resistance02_b;
} else if GetSymbol() == stock03 and !isnan(close(stock03)) and support03_a > 0 then {
#  stk = close(stock03);
  s1 = support03_a;
  s2 = support03_b;
  r1 = resistance03_a;
  r2 = resistance03_b;
} else if GetSymbol() == stock04 and !isnan(close(stock04)) and support04_a > 0 then {
#  stk = close(stock04);
  s1 = support04_a;
  s2 = support04_b;
  r1 = resistance04_a;
  r2 = resistance04_b;
} else if GetSymbol() == stock05 and !isnan(close(stock05)) and support05_a > 0 then {
#  stk = close(stock05);
  s1 = support05_a;
  s2 = support05_b;
  r1 = resistance05_a;
  r2 = resistance05_b;
} else if GetSymbol() == stock06 and !isnan(close(stock06)) and support06_a > 0 then {
#  stk = close(stock06);
  s1 = support06_a;
  s2 = support06_b;
  r1 = resistance06_a;
  r2 = resistance06_b;
} else if GetSymbol() == stock07 and !isnan(close(stock07)) and support07_a > 0 then {
#  stk = close(stock07);
  s1 = support07_a;
  s2 = support07_b;
  r1 = resistance07_a;
  r2 = resistance07_b;
} else if GetSymbol() == stock08 and !isnan(close(stock08)) and support08_a > 0 then {
#  stk = close(stock08);
  s1 = support08_a;
  s2 = support08_b;
  r1 = resistance08_a;
  r2 = resistance08_b;
} else if GetSymbol() == stock09 and !isnan(close(stock09)) and support09_a > 0 then {
#  stk = close(stock09);
  s1 = support09_a;
  s2 = support09_b;
  r1 = resistance09_a;
  r2 = resistance09_b;
} else if GetSymbol() == stock10 and !isnan(close(stock10)) and support10_a > 0 then {
#  stk = close(stock10);
  s1 = support10_a;
  s2 = support10_b;
  r1 = resistance10_a;
  r2 = resistance10_b;
} else {
#  stk = 0;
  s1 = 0;
  s2 = 0;
  r1 = 0;
  r2 = 0;
}

#--------------------------

addlabel((s1==0), " This stock does not have parameters set ", color.cyan);
addlabel((s1==0),"  ", color.black);
addlabel((s1==0),
"list of stocks:  " + 
(if !isnan(close(stock01)) and support01_a > 0 then stock01 + ", " else "") +
(if !isnan(close(stock02)) and support02_a > 0 then stock02 + ", " else "") +
(if !isnan(close(stock03)) and support03_a > 0 then stock03 + ", " else "") +
(if !isnan(close(stock04)) and support04_a > 0 then stock04 + ", " else "") +
(if !isnan(close(stock05)) and support05_a > 0 then stock05 + ", " else "") +
(if !isnan(close(stock06)) and support06_a > 0 then stock06 + ", " else "") +
(if !isnan(close(stock07)) and support07_a > 0 then stock07 + ", " else "") +
(if !isnan(close(stock08)) and support08_a > 0 then stock08 + ", " else "") +
(if !isnan(close(stock09)) and support09_a > 0 then stock09 + ", " else "") +
(if !isnan(close(stock10)) and support10_a > 0 then stock10 + ", " else "")
,color.cyan);


#  plot 2 support lines & 2 resis lines
plot zs1 = if s1 > 0 then s1 else na;
plot zs2 = if s2 > 0 then s2 else na;
plot zr1 = if r1 > 0 then r1 else na;
plot zr2 = if r2 > 0 then r2 else na;
zs1.setdefaultcolor(color.green);
zs2.setdefaultcolor(color.green);
zr1.setdefaultcolor(color.red);
zr2.setdefaultcolor(color.red);

addcloud(zs1,zs2,color.green,color.green);
addcloud(zr1,zr2,color.red,color.red);

# calc mid level, based on avg of supp and resis ranges
def avgrng = (absvalue(zs1-zs2) + absvalue(zr1-zr2))/2;
def smid = (zs1+zs2)/2;
def rmid = (zr1+zr2)/2;
def mid = (smid+rmid)/2;
def mid1 = mid - (avgrng/2);
def mid2 = mid + (avgrng/2);

plot zmid = mid;
zmid.setdefaultcolor(color.light_gray);

plot zmid1 = mid1;
plot zmid2 = mid2;
zmid1.setdefaultcolor(color.blue);
zmid2.setdefaultcolor(color.blue);

addcloud(zmid1,zmid2,color.blue,color.blue);


#--------------------------------

addchartbubble(0, low,
GetSymbol() + "\n" +
stock01 + "\n" +
!isnan(close(stock01)) + "\n" +
support01_a + "\n" +
(GetSymbol() == stock01 and !isnan(close(stock01)) and support01_a > 0)
, color.yellow, no);

addchartbubble(0, low*0.992,
#stk + "\n" +
s1 + "\n" +
s2 + "\n" +
r1 + "\n" +
r2 + "\n" 
, color.CYAN, no);

addchartbubble(0, low*0.992,
#stk + "\n" +
zs1 + "\n" +
zs2 + "\n" +
zr1 + "\n" +
zr2 + "\n" 
, color.yellow, no);
#

 

[rava]

@halcyonguy Thanks I want to find the support and resistance level at a higher frame and come up with that number and then use it for lower level. i would like to key in the support, resistance and mid level based on analysis and the study i should be able to enter the values manually

 

[halcyonguy]

@halcyonguy Thanks I want to find the support and resistance level at a higher frame and come up with that number and then use it for lower level. i would like to key in the support, resistance and mid level based on analysis and the study i should be able to enter the values manually

yes, that's what i made for you.

 

[rava]

@halcyonguy it worked nice. Thank you so much. do you have any recommendation for a good trend reversal indicator?