A Golden Indicator For Price Action Traders

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Dear Traders

Today I bring to you an Indicator that will be golden to price action traders. This Indicator draws Support and Resistance automatically , this makes it so much easier for you. The script finds the Pivot Points and check them in channels if there can be S/R or not, and draws mid line of the channel as S/R line. Lets get started!!!

Open TradingView and then search for “Support Resistance - Dynamic v2” by lonesome

This indictor is dynamic and adjust as the price moves. The support lines are green and the resistance is red

And now for the best settings to use on this indicator for accurate support & resistance.

I would encourage you to use this indicator as a guide to help you improve when it comes to drawing S/R. Please note that trading indicators are not 100% accurate so use them with caution and be heavy on risk management.

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Happy Trading!!!

Poverty Dead