PROTECTED SOURCE SCRIPT
Updated Support & Resistance [Algionics]
This indicator automatically detects key Support and Resistance levels using pivot-based logic.
A powerful tool for identifying market structure and potential reaction zones in real-time.
- Displays only the most relevant SR levels within a customizable range of the current price.
- Merges nearby SR points into zones for cleaner visualization.
- Labels each SR line with price, distance from current price (%), and reliability level (Observed / Tested / Proven / Confirmed).
- Highlights breakout, breakdown, and retest signals with on-chart labels.
- Optimized for clarity with adjustable sensitivity, maximum levels, and historical line length.
A powerful tool for identifying market structure and potential reaction zones in real-time.
Release Notes
This indicator automatically detects key Support and Resistance levels using pivot-based logic.- Displays only the most relevant SR levels within a customizable range of the current price.
- Merges nearby SR points into zones for cleaner visualization.
- Labels each SR line with price, distance from current price (%), and reliability level (Observed / Tested / Proven / Confirmed).
- Highlights breakout, breakdown, and retest signals with on-chart labels.
- Optimized for clarity with adjustable sensitivity, maximum levels, and historical line length.
A powerful tool for identifying market structure and potential reaction zones in real-time.
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.