divergence software, inc.
Development & Consulting Services
Product Detail
Multi-Timeframe Support/Resistance
TradingView indicators will be activated for your TradingView account and no installation is required. eSignal indicators will be delivered to you via email in zip files. Some of the more complex indicators have installer programs. In most cases we will require your eSignal username so that we can set up the entitlement for the indicator(s) you have purchased.
The majority of our indicators are licensed for a one-time fee (i.e., non-recurring). However, we do have some subscription-based products, including marketDirection Monitor, Harmonic Pattern Collection, and S/R Analyst Pro.
Description
The MTF Support/Resistance indicator for TradingView will track support/resistance levels from a higher timeframe that are in close proximity to the current price action. These are levels where price reversed direction in the past and will likely act as support or resistance in the future. Multiple copies of the indicator can be loaded and each copy can monitor a different timeframe.
MTF Support/Resistance operates in all timeframes supported by TradingView.
In the snapshot on the left we have loaded 3 copies of the indicator to track s/r levels in the Daily, Weekly, and Monthly timeframes.
The indicator will operate in either Auto or Manual mode. In Auto mode it will automatically set the higher timeframe to monitor based on the chart timeframe. In Manual mode, you set the interval to monitor. In either case, you have full control over the strength setting as well as all of the cosmetics. The line style, thickness, length, and color can all be adjusted, and the labels can be positioned either to the left or right of the line (or turned off altogether).
Specifications
- Product ID: TV0011
- Study only, no source code provided
- Requires TradingView