TradingView is an advanced financial visualization platform with the ease of use of a modern website. Whether you are looking at basic price charts or plotting complex spread symbols with overlayed ratios, we have the tools and data you need.
is a robust indicator that automatically identifies the most important historical support and resistance zones using big data algorithms.
On our Web Platform the indicator is applied to the last 10.000 bars and there are displayed on the chart only support and resistance zones that are relatively close to the last trading price (in order to keep the chart clean and fast).
Support and Resistance Zones indicator is formed by two main algorithms:
- Peak detection algorithm
- identifies the historical price reversal levels.
- Custom cluster algorithm
– that eliminates the outliers and assembles into zones the price levels detected by the peak detection algorithm.
is an indicator that automatically identifies explosive price patterns that have a high probability to be interrupted or even reversed (speculative bubbles).
On our Web Platform the indicator is applied on the last 5.000 bars.
The model behind this indicator is a variation of the
Log Periodic Power Laws Model
developed by
A.Johansen, O.Ledoit and D.Sornette
.
The Financial Crisis Observatory (ETH –Zurich)
has released during the past few years predictions about the bubble behaviour of different assets using this model (the original LPPL Model) and they have succeeded to predict two famous events like
