vasu1

no com// SR Break and Retest Indicator

// Inspired by ChartPrime Style

// Disclaimer: This script is for educational purposes only and does not constitute financial advice.

indicator("SR Break and Retest [ChartPrime Style]", shorttitle="SR_Break_Retest_CP", overlay=true)

pivotLen = input.int(10, title="Pivot Length")

retestBars = input.int(15, title="Retest Lookback")

showLabels = input.bool(true, title="Show Labels")

showZones = input.bool(true, title="Show SR Zones")

src = input.source(close, title="Source")

ph = talib.pivothigh(high, pivotLen, pivotLen)

pl = talib.pivotlow(low, pivotLen, pivotLen)

static float resistance = na

static float support = na

if not na(ph) {

    resistance := ph

}

if not na(pl) {

    support := pl

}

bullBreak = close > resistance and close[1] <= resistance

bearBreak = close < support and close[1] >= support

static float bullLevel = na

static float bearLevel = na

if bullBreak {

    bullLevel := resistance

}

if bearBreak {

    bearLevel := support

}

bullRetest = low <= bullLevel and close > bullLevel and talib.barssince(bullBreak) < retestBars

bearRetest = high >= bearLevel and close < bearLevel and talib.barssince(bearBreak) < retestBars

resColor = color.red

supColor = color.lime

plot(showZones ? resistance : na, title="Resistance", color=resColor, linewidth=2)

plot(showZones ? support : na, title="Support", color=supColor, linewidth=2)

plotshape(

    bullBreak,

    title="Bullish Break",

    shape=shape.arrowup,

    color=color.lime,

    location=location.belowbar,

    text="BREAK"

)

plotshape(

    bearBreak,

    title="Bearish Break",

    shape=shape.arrowdown,

    color=color.red,

    location=location.abovebar,

    text="BREAK"

)

plotshape(

    bullRetest,

    title="Bullish Retest",

    shape=shape.circle,

    color=color.green,

    location=location.belowbar,

    text="RETEST"

)

plotshape(

    bearRetest,

    title="Bearish Retest",

    shape=shape.circle,

    color=color.maroon,

    location=location.abovebar,

    text="RETEST"

)

if showLabels and bullBreak {

    label.new(

        bar_index,

        low,

        "Bull Break",

        color=color.lime,

        textcolor=color.black

    )

}

if showLabels and bearBreak {

    label.new(

        bar_index,

        high,

        "Bear Break",

        color=color.red,

        textcolor=color.white

    )

}

if showLabels and bullRetest {

    label.new(

        bar_index,

        low,

        "Bull Retest",

        color=color.green,

        textcolor=color.white

    )

}

if showLabels and bearRetest {

    label.new(

        bar_index,

        high,

        "Bear Retest",

        color=color.maroon,

        textcolor=color.white

    )

}

barcolor(

    bullRetest ? color.lime :

    bearRetest ? color.red :

    na

)ments