1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Dynamic Support & Resistance detects pivot highs and lows using the pivot length and tracks touches to build strength-based levels. Support and resistance zones appear as colored boxes while lines mark key levels. Breaks trigger orange highlights and labels. Settings control pivot length, minimum strength, zone width, lookback bars, maximum levels, and display options for zones, lines, and breaks. The script draws directly on the price chart with up to 10 levels maintained over 500 bars.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Length
int
10
pivot_length
Minimum Strength
int
2
min_strength
Zone Width %
float
0.1
zone_width
Lookback Bars
int
500
lookback_bars
Maximum Levels
int
10
max_levels
Show Zones
bool
true
show_zones
Show Lines
bool
true
show_lines
Show Breaks
bool
true
show_breaks
Extend Right
int
50
extend_right
Support Zone
color
color.new(color.green, 20)
support_color
Resistance Zone
color
color.new(color.red, 20)
resistance_color
Support Line
color
color.green
support_line
Show all 14 settings
Setting
Type
Default
Variable
Resistance Line
color
color.red
resistance_line
Break Color
color
color.orange
break_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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