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
OA Destek & Direnç Gücü identifies peaks and troughs on the higher timeframe and assigns strength to each level based on a weighted combination of touches, bounces, and retests. The main settings control the percentage range for level detection, touch sensitivity, the higher timeframe, momentum length, and the weights applied to volume, bounce, and retest components. Lines are drawn horizontally on the price chart, with strength values displayed alongside the levels up to a maximum of ten lines. The script has no exit rules or trading signals.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Percentage Range
float
5.0
percent_range
Touch Percentage
float
1.0
touch_percent
Timeframe
timeframe
W
timeframes
Momentum Length
int
14
length_momentum
Volume Weight
float
0.3
volume_weight
Bounce Weight
float
0.4
bounce_weight
Retest Weight
float
0.3
retest_weight
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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