Volume Cluster Support and Resistance Levels [QuantAlgo]🟢 Overview
This indicator identifies statistically significant support and resistance levels through volume cluster analysis, isolating price zones characterized by elevated trading activity and institutional participation. By quantifying areas where volume concentration exceeded historical norms, it reveals price levels with demonstrated supply-demand imbalances that exhibit persistent influence on subsequent price action. The methodology is asset-agnostic and timeframe-independent, applicable across equities, cryptocurrencies, forex, and commodities from intraday to weekly intervals.
🟢 Key Features
1. Support and Resistance Levels
The indicator scans historical price data to identify bars where volume exceeds a user-defined threshold multiplier relative to the rolling average. For each qualifying bar, a representative price is calculated using the average of high, low, and close. Proximate price levels within a specified percentage range are then aggregated into discrete clusters using volume-weighted averaging, eliminating redundant signals. Clusters are ranked by cumulative volume to determine statistical significance. Finally, the indicator plots horizontal levels at each cluster price: support levels (green) below current price indicate zones where historical buying pressure exceeded selling pressure, while resistance levels (red) above current price mark zones where sellers historically dominated. These levels represent areas of established liquidity and price discovery, where institutional order flow previously concentrated.
The Touch Count (T) metric quantifies historical price interaction frequency, while Total Volume (TV) measures aggregate trading activity at each level, providing objective criteria for assessing level strength and trade execution decisions.
2. Volume Histogram
A histogram appears below the price chart, displaying relative volume for each bar within the lookback period, with bar height scaled to the maximum volume observed. Green bars represent up-periods (close > open) indicating buying pressure, while red bars show down-periods (close < open) indicating selling pressure. This visualization helps you confirm the validity of support/resistance levels by seeing where volume actually spiked, identify accumulation/distribution patterns, and validate breakouts by checking if they occur on above-average volume.
3. Built-in Alerts
Automated alerts trigger when price crosses below support levels or breaks above resistance levels, allowing you to monitor multiple assets without constant chart-watching.
4. Customizable Color Schemes
The indicator provides four preset color configurations (Classic, Aqua, Cosmic, Custom) optimized for visual clarity across different charting environments. Each scheme maintains consistent color mapping for support and resistance zones across both level lines and volume histogram components. The Custom configuration permits full color specification to accommodate individual charting setups, ensuring optimal visual contrast for extended analysis sessions.
Classic:
Aqua:
Cosmic:
Custom:
🟢 Pro Tips
→ Trade entry optimization: Execute long positions at support levels with high touch counts or upon confirmed resistance breakouts accompanied by above-average volume
→ Risk parameter definition: Position stop-loss orders near identified support/resistance zones with statistical significance to minimize premature exits
→ Breakout validation: Require volume confirmation exceeding historical average when price penetrates resistance to filter false breakouts
→ Level strength assessment: Prioritize levels with higher touch counts and total volume metrics for enhanced probability trade setups
→ Multi-timeframe confluence: Synthesize support/resistance levels across multiple timeframes to identify high-conviction zones where daily support aligns with 4-hour resistance structures
Search in scripts for "support"
Lorentzian Key Support and Resistance Level Detector [mishy]🧮 Lorentzian Key S/R Levels Detector
Advanced Support & Resistance Detection Using Mathematical Clustering
The Problem
Traditional S/R indicators fail because they're either subjective (manual lines), rigid (fixed pivots), or break when price spikes occur. Most importantly, they don't tell you where prices actually spend time, just where they touched briefly.
The Solution: Lorentzian Distance Clustering
This indicator introduces a novel approach by using Lorentzian distance instead of traditional Euclidean distance for clustering. This is groundbreaking for financial data analysis.
Data Points Clustering:
🔬 Why Euclidean Distance Fails in Trading
Traditional K-means uses Euclidean distance:
• Formula: distance = (price_A - price_B)²
• Problem: Squaring amplifies differences exponentially
• Real impact: One 5% price spike has 25x more influence than a 1% move
• Result: Clusters get pulled toward outliers, missing real support/resistance zones
Example scenario:
Prices: ← flash spike
Euclidean: Centroid gets dragged toward 150
Actual S/R zone: Around 100 (where prices actually trade)
⚡ Lorentzian Distance: The Game Changer
Our approach uses Lorentzian distance:
• Formula: distance = log(1 + (price_difference)² / σ²)
• Breakthrough: Logarithmic compression keeps outliers in check
• Real impact: Large moves still matter, but don't dominate
• Result: Clusters focus on where prices actually spend time
Same example with Lorentzian:
Prices: ← flash spike
Lorentzian: Centroid stays near 100 (real trading zone)
Outlier (150): Acknowledged but not dominant
🧠 Adaptive Intelligence
The σ parameter isn't fixed,it's calculated from market disturbance/entropy:
• High volatility: σ increases, making algorithm more tolerant of large moves
• Low volatility: σ decreases, making algorithm more sensitive to small changes
• Self-calibrating: Adapts to any instrument or market condition automatically
Why this matters: Traditional methods treat a 2% move the same whether it's in a calm or volatile market. Lorentzian adapts the sensitivity based on current market behavior.
🎯 Automatic K-Selection (Elbow Method)
Instead of guessing how many S/R levels to draw, the indicator:
• Tests 2-6 clusters and calculates WCSS (tightness measure)
• Finds the "elbow" - where adding more clusters stops helping much
• Uses sharpness calculation to pick the optimal number automatically
Result: Perfect balance between detail and clarity.
How It Works
1. Collect recent closing prices
2. Calculate entropy to adapt to current market volatility
3. Cluster prices using Lorentzian K-means algorithm
4. Auto-select optimal cluster count via statistical analysis
5. Draw levels at cluster centers with deviation bands
📊 Manual K-Selection Guide (Using WCSS & Sharpness Analysis)
When you disable auto-selection, use both WCSS and Sharpness metrics from the analysis table to choose manually:
What WCSS tells you:
• Lower WCSS = tighter clusters = better S/R levels
• Higher WCSS = scattered clusters = weaker levels
What Sharpness tells you:
• Higher positive values = optimal elbow point = best K choice
• Lower/negative values = poor elbow definition = avoid this K
• Measures the "sharpness" of the WCSS curve drop-off
Decision strategy using both metrics:
K=2: WCSS = 150.42 | Sharpness = - | Selected =
K=3: WCSS = 89.15 | Sharpness = 22.04 | Selected = ✓ ← Best choice
K=4: WCSS = 76.23 | Sharpness = 1.89 | Selected =
K=5: WCSS = 73.91 | Sharpness = 1.43 | Selected =
Quick decision rules:
• Pick K with highest positive Sharpness (indicates optimal elbow)
• Confirm with significant WCSS drop (30%+ reduction is good)
• Avoid K values with negative or very low Sharpness (<1.0)
• K=3 above shows: Big WCSS drop (41%) + High Sharpness (22.04) = Perfect choice
Why this works:
The algorithm finds the "elbow" where adding more clusters stops being useful. High Sharpness pinpoints this elbow mathematically, while WCSS confirms the clustering quality.
Elbow Method Visualization:
Traditional clustering problems:
❌ Price spikes distort results
❌ Fixed parameters don't adapt
❌ Manual tuning is subjective
❌ No way to validate choices
Lorentzian solution:
☑️ Outlier-resistant distance metric
☑️ Entropy-based adaptation to volatility
☑️ Automatic optimal K selection
☑️ Statistical validation via WCSS & Sharpness
Features
Visual:
• Color-coded levels (red=highest resistance, green=lowest support)
• Optional deviation bands showing cluster spread
• Strength scores on labels: Each cluster shows a reliability score.
• Higher scores (0.8+) = very strong S/R levels with tight price clustering
• Lower scores (0.6-0.7) = weaker levels, use with caution
• Based on cluster tightness and data point density
• Clean line extensions and labels
Analytics:
• WCSS analysis table showing why K was chosen
• Cluster metrics and statistics
• Real-time entropy monitoring
Control:
• Auto/manual K selection toggle
• Customizable sample size (20-500 bars)
• Show/hide bands and metrics tables
The Result
You get mathematically validated S/R levels that focus on where prices actually cluster, not where they randomly spiked. The algorithm adapts to market conditions and removes guesswork from level selection.
Best for: Traders who want objective, data-driven S/R levels without manual chart analysis.
Credits: This script is for educational purposes and is inspired by the work of @ThinkLogicAI and an amazing mentor @DskyzInvestments . It demonstrates how Lorentzian geometrical concepts can be applied not only in ML classification but also quite elegantly in clustering.
Auto TrendLines [TradingFinder] Support Resistance Signal Alerts🔵 Introduction
The trendline is one of the most essential tools in technical analysis, widely used in financial markets such as Forex, cryptocurrency, and stocks. A trendline is a straight line that connects swing highs or swing lows and visually indicates the market’s trend direction.
Traders use trendlines to identify price structure, the strength of buyers and sellers, dynamic support and resistance zones, and optimal entry and exit points.
In technical analysis, trendlines are typically classified into three categories: uptrend lines (drawn by connecting higher lows), downtrend lines (formed by connecting lower highs), and sideways trends (moving horizontally). A valid trendline usually requires at least three confirmed touchpoints to be considered reliable for trading decisions.
Trendlines can serve as the foundation for a variety of trading strategies, such as the trendline bounce strategy, valid breakout setups, and confluence-based analysis with other tools like candlestick patterns, divergences, moving averages, and Fibonacci levels.
Additionally, trendlines are categorized into internal and external, and further into major and minor levels, each serving unique roles in market structure analysis.
🔵 How to Use
Trendlines are a key component in technical analysis, used to identify market direction, define dynamic support and resistance zones, highlight strategic entry and exit points, and manage risk. For a trendline to be reliable, it must be drawn based on structural principles—not by simply connecting two arbitrary points.
🟣 Selecting Pivot Types Based on Trend Direction
The first step is to determine the market trend: uptrend, downtrend, or sideways.
Then, choose pivot points that match the trend type :
In an uptrend, trendlines are drawn by connecting low pivots, especially higher lows.
In a downtrend, trendlines are formed by connecting high pivots, specifically lower highs.
It is crucial to connect pivots of the same type and structure to ensure the trendline is valid and analytically sound.
🟣 Pivot Classification
This indicator automatically classifies pivot points into two categories :
Major Pivots :
MLL : Major Lower Low
MHL : Major Higher Low
MHH : Major Higher High
MLH : Major Lower High
These define the primary structure of the market and are typically used in broader structural analysis.
Minor Pivots :
mLL: minor Lower Low
mHL: minor Higher Low
mHH: minor Higher High
mLH: minor Lower High
These are used for drawing more precise trendlines within corrective waves or internal price movements.
Example : In a downtrend, drawing a trendline from an MHH to an mHH creates structural inconsistency and introduces noise. Instead, connect points like MHL to MHL or mLH to mLH for a valid trendline.
🟣 Drawing High-Precision Trendlines
To ensure a reliable trendline :
Use pivots of the same classification (Major with Major or Minor with Minor).
Ensure at least three valid contact points (three touches = structural confirmation).
Draw through candles with the least deviation (choose wicks or bodies based on confluence).
Preferably draw from right to left for better alignment with current market behavior.
Use parallel lines to turn a single trendline into a trendline zone, if needed.
🟣 Using Trendlines for Trade Entries
Bounce Entry: When price approaches the trendline and shows signs of reversal (e.g., a reversal candle, divergence, or support/resistance), enter in the direction of the trend with a logical stop-loss.
Breakout Entry: When price breaks through the trendline with strong momentum and a confirmation (such as a retest or break of structure), consider trading in the direction of the breakout.
🟣 Trendline-Based Risk Management
For bounce entries, the stop-loss is placed below the trendline or the last pivot low (in an uptrend).
For breakout entries, the stop-loss is set behind the breakout candle or the last structural level.
A broken trendline can also act as an exit signal from a trade.
🟣 Combining Trendlines with Other Tools (Confluence)
Trendlines gain much more strength when used alongside other analytical tools :
Horizontal support and resistance levels
Moving averages (such as EMA 50 or EMA 200)
Fibonacci retracement zones
Candlestick patterns (e.g., Engulfing, Pin Bar)
RSI or MACD divergences
Market structure breaks (BoS / ChoCH)
🔵 Settings
Pivot Period : This defines how sensitive the pivot detection is. A higher number means the algorithm will identify more significant pivot points, resulting in longer-term trendlines.
Alerts
Alert :
Enable or disable the entire alert system
Set a custom alert name
Choose how often alerts trigger (every time, once per bar, or on bar close)
Select the time zone for alert timestamps (e.g., UTC)
Each trendline type supports two alert types :
Break Alert : Triggered when price breaks the trendline
React Alert : Triggered when price reacts or bounces off the trendline
These alerts can be independently enabled or disabled for all trendline categories (Major/Minor, Internal/External, Up/Down).
Display :
For each of the eight trendline types, you can control :
Whether to show or hide the line
Whether to delete the previous line when a new one is drawn
Color, line style (solid, dashed, dotted), extension direction (e.g., right only), and width
Major lines are typically thicker and more opaque, while minor lines appear thinner and more transparent.
All settings are designed to give the user full control over the appearance, behavior, and alert system of the indicator, without requiring manual drawing or adjustments.
🔵 Conclusion
A trendline is more than just a line on the chart—it is a structural, strategic, and flexible tool in technical analysis that can serve as the foundation for understanding price behavior and making trading decisions. Whether in trending markets or during corrections, trendlines help traders identify market direction, key zones, and high-potential entry and exit points with precision.
The accuracy and effectiveness of a trendline depend on using structurally valid pivot points and adhering to proper market logic, rather than relying on guesswork or personal bias.
This indicator is built to solve that exact problem. It automatically detects and draws multiple types of trendlines based on actual price structure, separating them into Major/Minor and Internal/External categories, and respecting professional analytical principles such as pivot type, trend direction, and structural location.
MACD Highs and Lows - Dynamic Support & ResistanceDescription:
Enhance your trading strategy with the MACD Highs and Lows indicator, designed to identify dynamic support and resistance levels based on MACD crossovers. This tool plots key price levels triggered by shifts in MACD momentum, helping traders spot potential reversal zones, breakout points, and trend confirmation signals.
Key Features
Dynamic Levels: Automatically plots recent highs/lows when MACD crosses above/below the zero line.
Customizable MACD Parameters:
Adjustable fast/slow lengths (default: 12/26).
Choose between SMA or EMA for oscillator/signal line.
Flexible signal smoothing (1-50 periods).
Visual Clarity:
Clear green/red lines for highs and lows.
Tracks both price extremes and adjacent candle levels (e.g., high-of-low-bar, low-of-high-bar).
Multi-Timeframe Utility: Works across charts for swing trading, scalping, or trend analysis.
How It Works
Bullish Signal: When MACD crosses above zero, the indicator marks the recent lowest low (support) and its corresponding high.
Bearish Signal: When MACD crosses below zero, it plots the recent highest high (resistance) and its corresponding low.
Levels persist until the next crossover, creating actionable reference zones.
Use Cases
Trend Confirmation: Validate breakouts when price closes above/below plotted levels.
Stop Loss Placement: Set stops beyond recent dynamic highs/lows.
Divergence Detection: Spot discrepancies between MACD momentum and price action.
Settings Tips:
Increase Fast Length for responsiveness or Slow Length for smoother signals.
Use EMA for faster reactions, SMA for reduced noise.
Machine Learning Support and Resistance [AlgoAlpha]🚀 Elevate Your Trading with Machine Learning Dynamic Support and Resistance!
The Machine Learning Dynamic Support and Resistance by AlgoAlpha leverages advanced machine learning techniques to identify dynamic support and resistance levels on your chart. This tool is designed to help traders spot key price levels where the market might reverse or stall, enhancing your trading strategy with precise, data-driven insights.
Key Features:
🎯 Dynamic Levels: Continuously adjusts support and resistance levels based on real-time price data using a K-means clustering algorithm.
🧠 Machine Learning: Utilizes clustering methods to optimize the identification of significant price zones.
⏳ Configurable Lookback Periods: Customize the training length and confirmation length for better adaptability to different market conditions.
🎨 Visual Clarity: Clearly distinguish bullish and bearish zones with customizable color schemes.
📉 Trailing and Fixed Levels: Option to display both trailing and fixed support/resistance levels for comprehensive analysis.
🚮 Auto-Cleaning: Automatically removes outdated levels after a specified number of bars to keep your chart clean and relevant.
Quick Guide to Using the Machine Learning Dynamic Support and Resistance Indicator
Maximize your trading with this powerful indicator by following these streamlined steps! 🚀✨
🛠 Add the Indicator: Add the indicator to favorites by pressing the star icon. Customize settings like clustering training length, confirmation length, and whether to show trailing or fixed levels to fit your trading style.
📊 Market Analysis: Monitor the dynamic levels to identify potential reversal points. Use these levels to inform entry and exit points, or to set stop losses.
How It Works
This indicator employs a K-means clustering algorithm to dynamically identify key price levels based on the historical price data within a specified lookback window. It starts by initializing three centroids based on the highest, lowest, and an average between the highest and lowest price over the lookback period. The algorithm then iterates through the price data to cluster the prices around these centroids, dynamically adjusting them until they stabilize, representing potential support and resistance levels. These levels are further confirmed based on a separate confirmation length parameter to identify "fixed" levels, which are then drawn as horizontal lines on the chart. The script continuously updates these levels as new data comes in, while also removing older levels to keep the chart clean and relevant, offering traders a clear and adaptive view of market structure.
Hedge Coin M - Statistical Support and ResistanceHedge Coin M - Statistical Support and Resistance
Introduction
"Hedge Coin M - Statistical Support and Resistance" is a sophisticated, statistically-driven indicator designed specifically for traders in the COIN-M market on Binance. It offers a nuanced approach to identifying key market levels, focusing on the dynamics of support and resistance through advanced volatility analysis.
Foundation and Credits:
This script is an advanced adaptation of TradingView's standard code for the Bollinger Bands indicator. It extends the foundational concept of Bollinger Bands by integrating additional volatility metrics.
Calculation Method
This indicator employs Volume Weighted Moving Averages (VWMA) to create two distinct sets of Bollinger Bands, named BB-a and BB-b.
BB-a is derived from the VWMA of high prices, targeting potential resistance levels.
BB-b is based on the VWMA of low prices, aimed at identifying critical support levels.
Users can independently adjust the standard deviation (SD) multipliers for the upper and lower bands of both BB-a and BB-b, accommodating different market conditions.
Enhanced Volatility Analysis
The indicator calculates additional standard deviation lines for the upper band of BB-a and the lower band of BB-b. These lines provide deeper insights into market volatility.
Plotted Graphs
The primary plots include the upper and lower bands of BB-a and BB-b, marked in distinct colors for clarity.
Additional SD lines are plotted to indicate potential extended levels of support and resistance, offering traders a broader view of possible market movements.
Purpose and Usage
"Hedge Coin M - Statistical Support and Resistance" is designed to provide traders with a consistent, statistical method for identifying significant price levels.
It aids in scaling entry into positions, helping traders to navigate the COIN-M market with more informed decision-making.
This tool is especially useful for traders who combine long-term holding with swing trading strategies, offering a balanced approach to market engagement.
Integration and Adaptation
Easily integrate this indicator into your TradingView chart for the COIN-M market.
Use the insights provided to complement your overall trading strategy, particularly in identifying and reacting to significant market movements.
Disclaimer
Important Note: This indicator is provided for informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other sort of advice. Trading decisions should be made based on your own analysis, prudence, and judgment. Please be aware of the risks involved in trading and consult a financial advisor if necessary.
Trend Lines, Supports and Resistances█ OVERVIEW
This is a simple script that draws trend lines, supports and resistances based on the highs and lows of pivots and is developed solely for practice purposes while learning the Pine Script language.
█ FEATURES:
Ability to change pivot length and mark pivots on chart.
Ability to change amount of pivot points that used to generate trend lines or support and resistances.
Ability to set exception for last "n" bars for breaks.
Ability to set exception up to "n" times for breaks.
Ability to see broken trend lines as ghosts.
Ability to set alarms for breaks.
Ability to change colors and line widths.
And many more...
█ DISCLAIMER:
Trading is risky and most of the day traders lose money eventually. This indicator is only for educational purposes and should not be construed as financial advice. Past performances does not guarantee future results.
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price.
📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position.
👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections:
📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals.
📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages.
📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on.
📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action.
👉 To identify buy and sell signals, you can look for the following:
📈 Buy signal: When shorter Moving Average crosses over longer Moving Average.
📈 Sell signal: When shorter moving average crosses under longer moving average.
📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal.
👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level.
⚡ Here is a example of how to use the indicator to identify buy signal:
☑ Add the indicator to your trading chart.
☑Look for a buy signal when short MA crosses over Long MA.
☑Look for the buy signal to occur at a support level.
☑Enter a long position at the next candle.
☑Place a stop loss order below the support level.
☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level.
⚡ Here is an example of how to use the indicator to identify a sell signal:
☑Add the indicator to your trading chart.
☑Look for a sell signal, when shorter moving average crosses under longer moving average.
☑Look for the sell signal to occur at a resistance level.
☑Enter a short position at the next candle.
☑Place a stop loss order above the resistance level.
☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level.
✅Things to consider while using the indicator:
📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful.
📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you.
📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market.
Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
Volume Support and Resistance*In a cutting system, from the lowest price of the red momentum to the highest price of the green momentum of the range of candles, cuts of different heights are created and the volume of transactions is calculated.
*Volumes in red and green candles each layer are calculated separately.
*The start of the candles can be from a candle other than zero.
*The maximum number of cuts for support or resistance will be separate and user-opinionated. This will help us see the most accurate support or resistance independently and quickly.
*The layer that has (1) the highest volume ratio of green to red, (2) the lowest number of red candles and (3) the highest number of green candles is considered as the best resistance and vice versa as the best support. Therefore, by changing the maximum number of cuts, we should look for the largest ratio of green to red volume for resistance and vice versa for support.
*If the current price is in the range of the momentum candle, the distance of the highest or lowest price of the momentum to hlc3 of the momentum candle will be checked.
*if you get an error message (> 500ms), reduce high_slice or loockback.
*Trading volume is formatted because it varies from very small to very large numbers in different markets and time periods.
Strongest Supports And ResistancesDraws the best support and resistance lines. How it works:
1) Tries every possible line through lows, highs, opens, closes
2) Finds the total hit counts given the confidence interval as input to the candlesticks
3) Calculates the strength of every line according to hit count, total volumes on hits, and timestamps
4) Eliminates similar lines, confidence interval is set as input
5) Selects the strongest 20(changable as an input) lines and draws them on the graph.
Makes your work way easier!!!
Feel free to adjust the parameters for your own style!
Cheers!!
Moving Average Support and ResistanceThis indicator takes a moving average, creates an envelope, and analyzes how frequently the moving average and its deviations act as areas of support or resistance. Using this information, you can determine how strong the moving average is as a support or resistance. For example, if the 200 SMA with a 5% range and 1% buffer has an S/R ratio of 1:1.5, then the 200 SMA is acting as resistance more frequently than support. This indicator uses the "buffer" as an envelope extension. The best way to think of this buffer is to envision areas where false breakouts and stop runs may occur. Use this indicator to experiment with different moving averages, ranges, and buffers to find the best combination for your trading style.
RSI based support resistance levelsThis indicator draws support line and resistance lines in the price chart.
How ?
For drawing the support/resistance line we need to first determine the demand and supply.
We are using too-familiar indicator RSI to determine when the script is oversold and overbought.
Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays there and goes up above 30. Similarly for overbought.
Now if you carefully look at the oversold region – the lowest point of the oversold region is the place where the demand came (for surety) and push the indicator (and price) up.
Similarly: the highest point of overbought is the place where (for surety) the supply came and push the indicator (and price) down.
So that’ the supply / demand line (for surety).
In this indicator, based on the RSI we are just drawing support and resistance lines in the chat. That’s all.
What is unique ?
Trendline concept is not new. RSI is not new. RSI overbought/oversold is not new.
There are indicators exist to draw trendlines. Some of them works beautifully.
However, none of these, we are aware of, uses RSI to determine it. And, we believe, the most logical way to determine support/resistance is RSI.
Note: We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Bull Market Support Band (20w SMA, 21w EMA)This moving average indicator is a bull market support band. It's significance comes from the previous bull runs where the price was bouncing off or riding from a distance the support band until the end of the market cycle. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band.
The green line represents the 20 weeks simple moving average and the red line represents the 21 weeks exponential moving average. The best way to read the current value is to look at the weekly chart, but any time frame will display the same values.
MrBB:BullBear Support BandVery simple and effective S/R band. Created bycombining the weekly 21EMA and weekly 20SMA, it provides strong support/resistance depending on market direction, and works as a basing area for retraces during parabolic (and normal) bull markets.
(MTF) Bollinger Bands + RE RSIs + Hidden Supports & ResistancesI merged some of my previous written indicators, because a combination of multi-timeframe Bollinger Bands, RE RSI and Resistance/Support levels could help a lot.
Don't forget to add my other useful indicator (Classical SnR) to the chart to maximize your profit!
Classical Supports & ResistancesThis indicator shows classical resistance and support levels which retraced the chart lately. Notice that the condensed lines laying close together are showing an area of support and/or resistance.
But after all, it was a tedious work creating this indicator because like I've already said, pine script is a very odd and weak language which does not have many ordinary features like useful loops, simple line drawing and even reasonable variable casting!
So I was forced to use its built-in pivothigh() and pivotlow() functions without any handy documentation. I assume that even these functions don't work as expected, and because of that, I embedded "Sensitivity" and "Lookback Time" options in the indicator as a workaround.
Feel free to use it and send me your comments/solutions.
Dynamic Support Resistance Zones======================================================================
TRADINGVIEW PUBLICATION - DYNAMIC SUPPORT RESISTANCE ZONES
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TITLE: Dynamic Support Resistance Zones
SHORT TITLE: SR Zones
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DESCRIPTION (Copy below for TradingView publication)
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The Dynamic Support Resistance Zones indicator identifies key price levels where potential reversals may occur by analyzing candlestick behavior and volume dynamics together.
▶ CONCEPT AND METHODOLOGY
This indicator detects support and resistance levels through a specific combination of three market conditions occurring simultaneously:
1. Candlestick Body Expansion: The current candle's body (distance between open and close) must be larger than the previous candle's body. This signals increased price commitment from market participants.
2. Direction Reversal: The current candle must close in the opposite direction of the previous candle. A bullish candle following a bearish candle suggests potential support formation, while a bearish candle following a bullish candle suggests potential resistance formation.
3. Volume Contraction: The current candle must have lower volume than the previous candle. This condition filters out high-volume breakout moves and focuses on exhaustion patterns where price reverses on decreasing participation.
When all three conditions align, the indicator marks the opening price of the previous candle as a significant level.
▶ HOW LEVELS ARE CLASSIFIED
Support Zones (Green Lines): Form when a bullish reversal candle appears with an expanded body on declining volume. These represent areas where buying pressure overcame selling pressure.
Resistance Zones (Red Lines): Form when a bearish reversal candle appears with an expanded body on declining volume. These represent areas where selling pressure overcame buying pressure.
▶ DYNAMIC LEVEL MANAGEMENT
The indicator continuously monitors each level and updates its status:
- Active Levels (Solid Lines): Levels that have not been broken by a closing price. These extend forward automatically as new bars form.
- Broken Levels (Dashed Lines): When price closes beyond a level, it converts to a dashed line. These broken levels remain visible for potential retest scenarios.
- Level Removal: Broken support levels are removed if price closes back above them. Broken resistance levels are removed if price closes back below them. This keeps the chart clean and focused on relevant levels.
▶ TRADING APPLICATIONS
Reversal Trading: Look for price approaching active support or resistance levels for potential bounce trades.
Breakout Confirmation: When a solid level converts to dashed, it confirms a breakout. The dashed level then becomes a potential retest zone.
Trend Analysis: Multiple support levels stacking below price suggests bullish structure. Multiple resistance levels above price suggests bearish structure.
Risk Management: Active levels provide logical areas for stop-loss placement just beyond the identified zones.
▶ WHY THIS COMBINATION WORKS
The three-filter approach (body expansion + direction change + volume decline) identifies exhaustion reversals rather than continuation patterns. Large body candles show conviction, direction change shows momentum shift, and lower volume suggests the prior move is losing steam rather than breaking out with strength.
▶ SETTINGS
This indicator uses fixed detection logic with no adjustable parameters to maintain consistency. The colors are preset: green for support zones and red for resistance zones.
▶ BEST PRACTICES
- Works on all timeframes but higher timeframes typically produce more reliable levels
- Combine with trend analysis for directional bias
- Not all levels will hold; use proper risk management
- More effective in ranging or mean-reverting conditions than strong trending markets
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TAGS (for TradingView)
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support, resistance, reversal, volume, candlestick, levels, zones, price-action
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CATEGORY
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Support and Resistance
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MarketMonkey-Indicator-Set-6 Support & Resistance v3.0 colorsMarketMonkey-Indicator-Set-6 Support & Resistance v3.0 colors
Automatically detects and plots up to four recent support and resistance levels using pivot highs and lows. Lines update dynamically with adaptive colours, highlighting key price zones in real time. Optional R1–R4 and S1–S4 labels keep charts clean yet informative. Ideal for identifying trend reversals, breakout points, and areas where buyers or sellers are likely to act.
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🔍 What It Does
The script uses pivot highs and pivot lows to detect recent swing points — the moments where price has clearly turned.
• Resistance levels are drawn at recent pivot highs (red lines).
• Support levels are drawn at recent pivot lows (blue lines).
• Each level automatically updates as new price data forms, keeping your analysis current.
The indicator displays up to four recent resistance and support levels on each side (R1–R4, S1–S4), with labels and colours that adapt to whether the line is above or below current price.
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🎨 Features
• Dynamic Detection: Automatically identifies and updates support and resistance using pivot logic.
• Multi-Level Display: Shows up to four most recent highs and lows for a broader market view.
• Customisable Inputs: Adjust the number of bars used to confirm pivots and control how many levels are displayed.
• Colour-Coded Clarity:
o Resistance lines = soft red tone (indicating potential ceiling levels).
o Support lines = soft blue tone (indicating price floors).
• Optional Labels: Toggle on/off “R1–R4” and “S1–S4” tags for quick reference.
• Strong Level Highlighting: The nearest (most recent) levels are drawn thicker for emphasis.
Volumetric Support and Resistance [BackQuant]Volumetric Support and Resistance
What this is
This Overlay locates price levels where both structure and participation have been meaningful. It combines classical swing points with a volume filter, then manages those levels on the chart as price evolves. Each level carries:
• A reference price (support or resistance)
• An estimate of the volume that traded around that price
• A touch counter that updates when price retests it
• A visual box whose thickness is scaled by volatility
The result is a concise map of candidate support and resistance that is informed by both price location and how much trading occurred there.
How levels are built
Find structural pivots uses ta.pivothigh and ta.pivotlow with a user set sensitivity. Larger sensitivity looks for broader swings. Smaller sensitivity captures tighter turns.
Require meaningful volume computes an average volume over a lookback period and forms a volume ratio for the current bar. A pivot only becomes a level when the ratio is at least the volume significance multiplier.
Avoid clustering checks a minimum level distance (as a percent of price). If a candidate is too close to an existing level, it is skipped to keep the map readable.
Attach a volume strength to the level estimates volume strength by averaging the volume of recent bars whose high to low range spans that price. Levels with unusually high strength are flagged as high volume.
Store and draw levels are kept in an array with fields for price, type, volume, touches, creation bar, and a box handle. On the last bar, each level is drawn as a horizontal box centered at the price with a vertical thickness scaled by ATR. Borders are thicker when the level is marked high volume. Boxes can extend into the future.
How levels evolve over time
• Aging and pruning : levels are removed if they are too old relative to the lookback or if you exceed the maximum active levels.
• Break detection : a level can be removed when price closes through it by more than a break threshold set as a fraction of ATR. Toggle with Remove Broken Levels.
• Touches : when price approaches within the break threshold, the level’s touch counter increments.
Visual encoding
• Boxes : support boxes are green, resistance boxes are red. Box height uses an ATR based thickness so tolerance scales with volatility. Transparency is fixed in this version. Borders are thicker on high volume levels.
• Volume annotation : show the estimated volume inside the box or as a label at the right. If a level has more than one touch, a suffix like “(2x)” is appended.
• Extension : boxes can extend a fixed number of bars into the future and can be set to extend right.
• High volume bar tint : bars with volume above average × multiplier are tinted green if up and red if down.
Inputs at a glance
Core Settings
• Level Detection Sensitivity — pivot window for swing detection
• Volume Significance Multiplier — minimum volume ratio to accept a pivot
• Lookback Period — window for average volume and maintenance rules
Level Management
• Maximum Active Levels — cap on concurrently drawn levels
• Minimum Level Distance (%) — required spacing between level prices
Visual Settings
• Remove Broken Levels — drop a level once price closes decisively through it
• Show Volume Information on Levels — annotate volume and touches
• Extend Levels to Right — carry boxes forward
Enhanced Visual Settings
• Show Volume Text Inside Box — text placement option
• Volume Based Transparency and Volume Based Border Thickness — helper logic provided; current draw block fixes transparency and increases border width on high volume levels
Colors
• Separate colors for support, resistance, and their high volume variants
How it can be used
• Trade planning : use the most recent support and resistance as reference zones for entries, profit taking, or stop placement. ATR scaled thickness provides a practical buffer.
• Context for patterns : combine with breakouts, pullbacks, or candle patterns. A breakout through a high volume resistance carries more informational weight than one through a thin level.
• Prioritization : when multiple levels are nearby, prefer high volume or higher touch counts.
• Regime adaptation : widen sensitivity and increase minimum distance in fast regimes to avoid clutter. Tighten them in calm regimes to capture more granularity.
Why volume support and resistance is used in trading
Support and resistance relate to willingness to transact at certain prices. Volume measures participation. When many contracts change hands near a price:
• More market players hold inventory there, often creating responsive behavior on retests
• Order flow can concentrate again to defend or to exit
• Breaks can be cleaner as trapped inventory rebalances
Conditioning level detection on above average activity focuses attention on prices that mattered to more participants.
Alerts
• New Support Level Created
• New Resistance Level Created
• Level Touch Alert
• Level Break Alert
Strengths
• Dual filter of structure and participation, reducing trivial swing points
• Self cleaning map that retires old or invalid levels
• Volatility aware presentation using ATR based thickness
• Touch counting for persistence assessment
• Tunable inputs for instrument and timeframe
Limitations and caveats
• Volume strength is an approximation based on bars spanning the price, not true per price volume
• Pivots confirm after the sensitivity window completes, so new levels appear with a delay
• Narrow ranges can still cluster levels unless minimum distance is increased
• Large gaps may jump past levels and immediately trigger break conditions
Practical tuning guide
• If the chart is crowded: increase sensitivity, increase minimum level distance, or reduce maximum active levels
• If useful levels are missed: reduce volume multiplier or sensitivity
• If you want stricter break removal: increase the ATR based break threshold in code
• For instruments with session patterns: tailor the lookback period to a representative window
Interpreting touches and breaks
• First touch after creation is a validation test
• Multiple shallow touches suggest absorption; a later break may then travel farther
• Breaks on high current volume merit extra attention
Multi timeframe usage
Levels are computed on the active chart timeframe. A common workflow is to keep a higher timeframe instance for structure and a lower timeframe instance for execution. Align trades with higher timeframe levels where possible.
Final Thoughts
This indicator builds a lightweight, self updating map of support and resistance grounded in swings and participation. It is not a full market profile, but it captures much of the practical benefit with modest complexity. Treat levels as context and decision zones, not guarantees. Combine with your entry logic and risk controls.
Dynamic Support and Resistance V2 | AnonycryptousThe Dynamic Support and Resistance V2 indicator, an easy tool to identify key support, resistance, trendline levels, pivot points and volume data.
Pivot Points.
Calculates support, resistance and trendline levels using pivot points, which are derived from the high, low, and close prices of previous trading periods.
Customize the pivot calculation by using Close' or 'High/Low' and adjusting the lookback periods for both the left and right sides of the pivot calculation.
Pivot points are crucial for forecasting potential market turning points, so it allows traders to adapt the indicator to different market conditions and timeframes.
By using pivot points, traders can spot reversal and consolidation levels or trendlines early on, allowing them to react to them in time.
Volume Levels.
This option focuses on identifying support and resistance levels based on volume data, specifically the Point of Control.
The POC is the highest traded volume price level during a time period.
This POC calculation, allow traders to areas of significant trading levels as support or resistance zones.
Volume-based levels gives insights into market sentiment and showes strong support and resistance based on trading volume.
Traders can choose between pivot-based and volume-based levels or use both simultaneously, depending on their analysis.
The indicator offers custom colors, so the trader can customize their visual analysis to their own style.
It calculates the importance of each level based on the number of touches and the duration it holds.
This indicator is intended for educational and informational purposes only and should not be considered financial advice.
Trading involves significant risk, and you should consult with a financial advisor before making any trading decisions.
The performance of this indicator is not guaranteed, and past results do not predict future performance.
Use at your own risk.
weighted support or resistance linesQ: Why should users choose this script?
A: I found that in all the publicly available scripts about support and resistance lines, there is basically no weight identification for these lines. In other words, users do not know which support or resistance lines are the most important. So I specifically wrote this script.
1. By adjusting the weights, only the most effective support or resistance lines are displayed. (Length threshold of trend price (Bar))
2. By selecting the number of K-lines, only the latest number of support or resistance lines generated will be displayed. (Maximum number of reserved S/R lines)
3. By selecting whether to automatically remove lines, only support or resistance lines that have not been penetrated by the k-line will be displayed. If this function is checked, the weight can be adjusted lower, as high-weight SR may have already been penetrated, and the newly generated SR may have a lower weight. (Automatically remove lines penetrated by closing price confirmation)
4. Notes: The default parameters work well in 15-minute candlestick charts. For candlestick charts with other time periods, the parameters can be adjusted appropriately. It is suitable for sideways trading but not for strong trends.
5. I'm quite satisfied with the performance of the script, as I specifically optimized it, lol
Godfather of Support & Resistance Godfather of Support & Resistance
Overview
The Godfather of Support & Resistance script is a powerful tool designed to help traders identify critical support and resistance levels on their charts. These price levels are vital for understanding market behavior, as they often act as turning points where prices reverse, consolidate, or break through. By automating the detection of these levels, this script simplifies your trading decisions and enhances your technical analysis.
How It Works
Pivot Points for Level Detection:
The script uses pivot points to identify potential support (lows) and resistance (highs) levels:
A pivot high is a local peak (a high surrounded by lower highs).
A pivot low is a local trough (a low surrounded by higher lows).
You can adjust the Pivot Length (pivotLen) input to control the sensitivity of detection. Smaller values detect more levels, while larger values focus on major levels.
Dynamic Grouping with Tolerance:
The script dynamically groups nearby price levels using a tolerance percentage. This tolerance is based on the level's price, making it adaptive to all types of assets (low- and high-priced).
For example, if the tolerance is set to 1% and a level is at $100, levels within $1 are grouped together.
Touch Count for Significance:
The script tracks how many times the price interacts with each level (touch count). Only levels that meet or exceed the Minimum Touches (minTouches) input are displayed on the chart. This ensures only meaningful levels are highlighted.
Clear Visual Representation:
Resistance Levels (Red Lines): Represent areas where the price tends to reverse downward.
Support Levels (Green Lines): Represent areas where the price tends to reverse upward.
Labels are added to each level (optional) to display the price and the number of touches for better decision-making.
Inputs You Can Customize
Minimum Touches to Show Level:
Set the minimum number of price interactions required for a level to be displayed.
Maximum Lines to Keep:
Limit the number of support and resistance lines displayed to keep your chart clean and focused.
Pivot Length:
Customize the sensitivity of pivot point detection. Smaller values detect more levels, while larger values focus on key levels.
Tolerance for Touch Detection (%):
Adjust the grouping tolerance as a percentage of the price. For example, 1% groups levels that are within 1% of each other.
How to Use
Apply the Script:
Add the script to your TradingView chart, and it will automatically detect and plot support and resistance levels.
Analyze the Levels:
Use Resistance Levels (red lines) as potential sell zones or areas to place stop-loss orders above.
Use Support Levels (green lines) as potential buy zones or areas to place stop-loss orders below.
Customize for Your Trading Style:
Adjust the inputs to match your preferred strategy and the timeframe or asset you're analyzing.
Example Use Case
Imagine you're analyzing a stock:
Resistance Level: The script identifies resistance at $150 with 3 touches. This might be a potential sell zone if the price struggles to break through.
Support Level: The script identifies support at $130 with 4 touches. This might be a potential buy zone if the price shows signs of bouncing upward.
Key Features
Automatically detects and plots support and resistance levels.
Tracks the number of price touches to filter out weak levels.
Adapts dynamically to price ranges using a percentage-based tolerance.
Fully customizable to suit different trading styles and assets.
Clean and professional chart display with a limit on the number of lines.
Notes
This script is for educational purposes only and should not be considered financial advice.
Always perform your own analysis and manage risk before making trading decisions.
Why Use This Script?
The Godfather of Support & Resistance script simplifies your trading decisions by automating the detection of critical price levels. Whether you're a beginner or an experienced trader, this script is designed to save you time and help you focus on making informed trades.
Start using it today to master the art of support and resistance trading!
Let me know if you need further refinements for this description!
DM Support / Resistance (USA Session)This indicator is specifically designed for use on the 4-hour time frame and helps traders identify key support and resistance levels during the USA trading session (9:30 AM to 4:00 PM Eastern Time). The indicator calculates important price levels to assist in making well-informed entry and exit decisions, particularly for those focusing on swing trades or longer-term intraday strategies. It also includes a feature to skip setups when relevant fundamental news is scheduled, ensuring you avoid trading during periods of high volatility.
Key Features:
Support and Resistance Levels (S1 & R1):
The indicator calculates and displays Support 1 (S1) and Resistance 1 (R1) levels, which act as key barriers for price action and help traders spot potential reversal or breakout zones on the chart.
Pivot Point (PP):
The Pivot Point (PP) is calculated as the average of the previous period's high, low, and close. It serves as a central reference point for market direction, allowing traders to evaluate whether the market is in a bullish or bearish trend.
Market Bias:
The Bias is shown as a histogram that helps traders assess the strength of the market trend. A positive bias suggests bullish sentiment, while a negative bias signals bearish conditions. This can be used to confirm the overall trend direction.
4-Hour Time Frame:
The indicator is optimized for the 4-hour time frame, making it suitable for traders looking for swing trades or those who wish to capture longer-term trends within the USA session. The key support, resistance, and pivot levels are recalculated dynamically to reflect price action over 4-hour periods.
Dynamic Plotting and Alerts:
Support and resistance levels are drawn as dashed horizontal lines, updating in real-time to reflect the most current market data during the USA session. Alerts can be set for significant price movements crossing these levels.
Stop-Loss Strategy Based on 15-Minute Time Frame:
A unique feature of this indicator is its stop-loss strategy, which uses 15-minute time frame support and resistance levels. When a long or short entry is triggered on the 4-hour chart, traders should place their stop-loss according to the relevant 15-minute support or resistance level.
If the price closes above the 15-minute support for a long entry, or closes below the 15-minute resistance for a short entry, it signals the need to exit or adjust your position based on these levels.
Fundamental News Filter:
To avoid unnecessary risk, the indicator incorporates a fundamental news filter. If there is relevant news scheduled during the USA session, such as high-impact economic data or central bank announcements, the indicator will skip the setup for that period. This prevents traders from entering positions during times of elevated volatility caused by news events, which could result in unpredictable price movements.
How to Use:
Long Entry: When the Bias is positive and the price breaks above Support 1 (S1), this signals a potential bullish move. Consider entering a long position at this point.
Stop-Loss Strategy: Set your stop-loss at the respective 15-minute support level. If the price closes below this level, it could signal a reversal, prompting you to exit the trade.
Short Entry: When the Bias is negative and the price breaks below Resistance 1 (R1), this signals a potential bearish move. Enter a short position at this point.
Stop-Loss Strategy: Set your stop-loss at the respective 15-minute resistance level. If the price closes above this level, exit the short trade as it could indicate a bullish reversal.
Pivot Point (PP): The Pivot Point serves as a reference level to gauge potential price reversals. A move above the PP suggests a bullish bias, while trading below the PP suggests a bearish outlook.
Bias Histogram: The Bias Histogram helps confirm trend direction. A positive bias confirms long positions, while a negative bias reinforces short trades.
Avoid Trading During High-Impact News: If there is significant economic news or fundamental events scheduled during the USA session, the indicator will automatically skip any potential setup. This feature ensures you avoid entering trades that might be affected by unexpected news-driven volatility, keeping your trading strategy safer and more reliable.
Why Use This Indicator:
The 4-hour time frame is ideal for traders who prefer swing trading or those looking to capture longer-term trends in a structured manner. This indicator provides crucial insights into market direction, support/resistance levels, and potential entry/exit points.
The stop-loss management based on the 15-minute support and resistance levels helps traders protect their positions from sudden price reversals, ensuring more precise risk management.
The fundamental news filter is particularly useful for avoidance of high-risk periods. By skipping setups during high-impact news events, traders can avoid entering trades when price volatility could be unpredictable.
Overall, this indicator is a powerful tool for traders who want to make data-driven decisions based on technical analysis while ensuring that their positions are managed responsibly and avoiding news-driven risk.
