Support and Resistance Cloud Indicator for ThinkorSwim


Staff member
This indicator is to help with your Support and Resistance point.


thinkScript Code
Rich (BB code):

declare upper;  

input Agg = AggregationPeriod.DAY;  

input pldotlength = 3;  

input pldotdisplace = -1;  

def o = open(period = agg);  

def h = high(period = agg);  

def l = low(period = agg);  

def c = close(period = agg);  

def ma = simpleMovingAvg(hlc3(period = agg),pldotlength,pldotdisplace);  


def y = ma - absvalue(h[1] - ma);  

def x = ma + absvalue(ma - l[1]);  

plot res = x;  

plot sup = y;  


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The name VM at the start of the script goes by the name Growex in the TSL. His other studies can be found in the Onenote.
He is a Russian Programmer who has been writing code for ToS for years.
@BenTen , on your chart, I see E Up and 4 grey bar, may I know what indicator is that? Is the grey bar indicates the strength of a trend?

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