Shows basic pivot point of support and resistance levels. Will show alerts for break of sup. or res. Allows for a volume filter for sup. res. breaks as well.
"B" means break of either a Sup. or Res. level with volume greater than the threshold. "Bull/Bear Wick" means bullish/bearish candle on break.
Left - number of bars left hand side of the pivot . Right - number of bars right hand side of the pivot . Volume Thres. - the threshold value (%) for the Volume.
This indicator is useful to filter our insignificant breaks of sup. or res. Can help trader determine when to sit on their hands, or enter a trade.
Informacje o Wersji
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Updated the script from Version 4, to Version 5 of Pinescript.
Informacje o Wersji
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Changed source code name to QuantVue and edited title.
Is it possible to make it so we can extend right the levels? Everytime I change the bars length it makes the line shorter regardless of making the value higher or lower.