Magic Rectangle Detector [NeoButane] — Indicator by NeoButane

supportandresistance candlestick magicbox magicrectangle sr neobutane horizontalsupoort

In the quest to make boxes, I have created the Magic Rectangle Detector.

This indicator finds essential supports and resistances, many of which may flip and become resistances and supports. Classical price action trading is best utilized in unison with this indicator.

Options to configure on the main chart.

Release Notes:

Added a 'Simple Mode' to ease use. No more fiddling!

The wick or candle is now automatically chosen based on price action.

Here's a list of my premium indicators and pricing:

Release Notes:

- Improved magic rectangle detection based on candle body size
- Added color swatches for dark backgrounds (brighter) and no bias (silver)

Release Notes:

Added rectangles based on purely volume.

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NeoButane for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

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