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Horizontal trendline support/resistance triple tap


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Horizontal trendline support/resistance triple tap

  #1 (permalink)
marco89
Toronto
 
Posts: 2 since Jun 2018
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Hi,

I have a very simple indicator if anyone can please help me come up with a code on Thinkorswim thinkscript. It is just a basic support/resistance horizontal line drawn on the previous day's 1min chart. This trendline connects through pre/post and today's intraday. The trendline is only drawn when there are "3+ taps" on the same "price level" down to the penny. "Price level" as in the High/Low of each 1min candle. Each "tap" is considered a touch, if there are consecutive 1min bars touching the same level then it only counts as 1 tap.

Thank you!

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  #2 (permalink)
 blb014 
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 Massive l 
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Have you made an attempt at this yet?

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  #4 (permalink)
marco89
Toronto
 
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Massive l View Post
Have you made an attempt at this yet?

Hi, I've tried piecing codes from different scripts but unfortunately no luck due to my lack of programming skills. If you can help please pm me, I will explain to you how I use this indicator after, much appreciated.

Thanks

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Massive l's Avatar
 Massive l 
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marco89 View Post
Hi, I've tried piecing codes from different scripts but unfortunately no luck due to my lack of programming skills. If you can help please pm me, I will explain to you how I use this indicator after, much appreciated.

Thanks

have you tried using price crossing regression line? I'm not that great of a programmer. My coded strategies are fairly simple.

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Last Updated on June 28, 2018


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