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R7

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🎯 Overview

The R7 indicator is an advanced support and resistance level calculator that automatically identifies key price levels based on the day's opening high, low, and price movements. It provides dynamic level visualization with customizable increments, overlap detection, and real-time price filtering.

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⚙️ Main Settings Groups

1️⃣ SETTINGS

Support Color 🔴 - Sets the color for support level lines (Default: Red)
Resistance Color 🟢 - Sets the color for resistance level lines (Default: Green)
Merged Levels Color 🟠 - Sets the color for overlapping support/resistance levels (Default: Orange)
Opening High/Low Color 🔵 - Sets the color for opening reference lines (Default: Blue)
Label Position X-axis - Adjusts horizontal position of price labels (0-5, Default: 1)
Show Price Labels ✅ - Toggle price labels on/off beside levels
Label Font Size - Choose from: Tiny, Small, Normal, Large, Huge
Release Notes
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.