Mega Support/Resistance

Description

This premium indicator for TradingView is a conglomeration of many indicators that are used to establish areas/zones of support and resistance. We don’t really recommend you turning on all the features simultaneously, but its a great toolbox to have in whatever the situation may call for. Note that by default, nothing is on, so after adding to your chart, open up the configuration panel to turn the various tools on/off. Currently, the following is included:

  • Up to 3 SMA/EMA’s on different timeframes than the current – for timeframe, use integer to specify minutes if less than daily (e.g. “240” for 4 hours), otherwise use “D” for day (“2D” for 2 day, etc…), “W” for weekly, and “M” for monthly.
  • Fibonacci EMA’s (21, 55, 89, 200, note: 144 and 233 available in vegas wave below) – the settings checkbox turns all of these on, but if you go to the style tab you can turn individual EMA’s on and off
  • Kickline (a special 3rd generation moving average based on the works of Durshner). Enhanced to show and alert on bullish/bearish changes. The green dots signify bullish, and red ones signify bearish. The yellow dot appears upon a trend switch and there is an alert condition available for this trend switch as well.
  • Smoothed Median Moving Average w/ optional “shadow” – by default the median is calculated from the HL2 and the “flip” happens when the HL2 moves above/below the line. A length of 6 is good for general trend flipping (similar to SuperTrend, but a bit more responsive). You can also lower the length to something aggressive like 3 to use as more like a PSAR indicator to use as a stop loss. The lengths are linear, so a length of 6 on a 4 hour time frame is identical to a length of 24 on a 1 hour time frame.
  • Pivot Points (for any timeframe) – Use the same notation as with the MTF SMA/EMA’s above. E.g. 30=30 minutes, 720=12 hours, D=Daily, 3D=3 day, W=Weekly, M=Monthly, etc… We have found the mostly useful pivots in most markets are 4 hour, Daily, and Weekly.
  • Vegas Wave (144/169/233) – The fill between the 144 and 169 changes red/green depending on if price action is bullish or bearish. There are numerous ways to trade the vegas wave. It is included here to be used as a S/R tool, but can be used to help fine wave 3’s and C waves with Elliott Wave theory, etc…
  • VWAP (current session and previous session close S/R) – This indicator only supports current session VWAPs, see our other indicator, “Ultimate VWAPs” for many more options.
  • Z-Score Bands assignable to Session VWAP or Smoothed Median Moving Average – Useful for measuring standard deviation z-scores away from VWAP and MedMA to find other algo support levels. Though we default the bands to 0.5, 1, 2, 3, and 4, we have also found that Fib values (0.618 and 1.272 in particular) are effective, as is 2.51 for some reason.
  • RSI-Based Supply/Demand Zones – The blue area is the main supply zone, where above is considered supply and below is demand, and inside is at equilibrium. These form strong support and resistance zones, as do past S/D zones (which are shaded green and red, though they are removed when new zones are established with RSI movements).

You may request a 3 day trial of this indicator by clicking on the “Request Trial” tab/link above. An advanced tutorial video will also be available soon.

To request a trial click the button below. This will add a special “trial request product” to your cart and take you to checkout. As long as your cart only has free items in it you will not have to enter any payment methods. Do make sure you enter your correct email address and TradingView username as this is how we will provide you with trial access to the indicator and notify you. Please note that it may take up to 12 hours to process your trial request. Lastly, if you would like to request multiple trials in the same “order” that is completely fine – add them from each indicator page until they are all in your cart and then complete the checkout process.

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