IndicatorFree
Rally, Base & Drop Support and Resistance
This advanced indicator identifies key supply and demand zones using Rally-Base-Drop and Drop-Base-Rally formations. It automatically detects institutional supply and demand zones where significant accumulation or distribution has occurred. Perfect as a foundation to build upon with HorizonAI.
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What's Included
Automatic RBD/DBR detection
Supply zone highlighting
Demand zone highlighting
Zone strength scoring
Fresh vs tested zones
Alert on zone tests
Source Code Preview
Get the full PineScript v6 source code—use it as a foundation and build on top of it with HorizonAI.
1//@version=6
2indicator("Rally, Base & Drop Support and Resistance", overlay=true)
3// ─────────────────────────────────────
4// Rally, Base & Drop Support and Resistance - Full Source Code
5// ─────────────────────────────────────
6
7// Input Settings
8pivotLen = input.int(5, "Pivot Length")
9showLabels = input.bool(true, "Show Labels")
10
11// Core Logic
12pivotHigh = ta.pivothigh(high, pivotLen, pivotLen)
13pivotLow = ta.pivotlow(low, pivotLen, pivotLen)
14
15// Structure Detection
16var float lastHigh = na
17var float lastLow = na
18
19if not na(pivotHigh)
20 lastHigh := pivotHigh
21 // ... more logic
22
23// Break of Structure
24bosUp = close > lastHigh
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