# NEOTICKER DATA BEGIN
ScriptType=Indicator
Description=Dynamic Support Resistance Band
Name=DynSRBand
Language=Formula
Links=1
MinBars=0
TimerInterval=100
MetaStyle=Normal
ValueRange=Same as Source
Placement=Smart
Multiplot_num_plots=2
Multiplot_color_0=255
Multiplot_style_0=Line
Multiplot_width_0=1
Multiplot_enabled_0=1
Multiplot_name_0=Resistance
Multiplot_breakstyle_0=2
Multiplot_color_1=50266112
Multiplot_style_1=Line
Multiplot_width_1=1
Multiplot_enabled_1=1
Multiplot_name_1=Supportj
Multiplot_breakstyle_1=2
UpdateByTick=1
TradingSystemUI=0
PrimaryLinkOnly=0
NotifyOnRemoval=0
Param_count=2
Param_name_0=Upper
Param_inuse_0=1
Param_type_0=formula
Param_default_0=hhv (h, 20)
Param_name_1=Lower
Param_inuse_1=1
Param_type_1=formula
Param_default_1=llv (l, 20)
Explanation_Lines=1
Explanation0=Dynamic Support/Resistance Band plots one of the two band plot series (defined by the Upper and Lower parameter formula) based on the direction that price penetration last occured. Dynamic Support/Resistance Band requires one series (Link 1).
# NEOTICKER DATA END

plot1 := fml (1, data1, param1);
plot2 := fml (1, data1, param2);

dir := choose (c > plot1 (1), 1, c < plot2 (1), -1, dir (1));

visualbreak1 := dir >= 0;
visualbreak2 := dir <= 0;