PROTECTED SOURCE SCRIPT
Support/Resistance - Market Structure Zones
This indicator’s main purpose is to automatically draw Support and Resistance zones on your chart.
It finds swing highs and swing lows (pivots) and uses them to build market structure. From that structure, it identifies the current regime (Uptrend, Downtrend, Transition, or Range) and then plots the most relevant zones (main levels plus optional flip/historical levels) as colored boxes.
It can also mark simple volume-based hints when price touches a zone:
REJ? = possible rejection (volume below its average)
BRK? = possible break (volume above its average)
A small table shows only the active zones and their low/high boundaries.
It finds swing highs and swing lows (pivots) and uses them to build market structure. From that structure, it identifies the current regime (Uptrend, Downtrend, Transition, or Range) and then plots the most relevant zones (main levels plus optional flip/historical levels) as colored boxes.
It can also mark simple volume-based hints when price touches a zone:
REJ? = possible rejection (volume below its average)
BRK? = possible break (volume above its average)
A small table shows only the active zones and their low/high boundaries.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.