Auto Support & Resistance Levels v6Basically looking for my own levels for intraday trading and levels for potential options targets, but is just a general plotting script. NFA for learning purposes only
1. Higher Timeframes (Daily, 4-Hour, 1-Hour) — Most Reliable
Best For: Swing trading, position trading, and identifying major market structure.
Why: High-timeframe pivots represent significant institutional buying/selling zones. These support and resistance levels are respected far more often and produce stronger price reactions.
Recommendation: Use settings like leftBars = 15 and rightBars = 15 or 20/20 to capture key macro levels.
2. Lower Timeframes (15-Min, 5-Min, 1-Min) — Noise & Frequent Signals
Best For: Day trading and scalping intraday moves.
Why: On lower timeframes, price action creates a lot of minor highs and lows ("market noise"). The script will generate many more lines, and these levels break much more easily.
Recommendation:
Increase leftBars and rightBars (e.g., 20 to 30) to filter out minor fluctuations.
Combine lower-timeframe entry signals with higher-timeframe support/resistance levels for better accuracy.
💡 Best Practice Strategy (Multi-Timeframe Analysis)
A common approach among traders is:
Identify Major Levels: Apply the script on the Daily or 4H chart to see the major support/resistance walls.
Mark/Execute Entries: Drop down to the 15M or 5M chart to look for trade entries as price approaches those higher-timeframe levels
Indicator
ADR Plots + OverlayADR Plots + Overlay
This tool calculates and displays Average Daily Range (ADR) levels on your chart, giving traders a quick visual reference for expected daily price movement. It plots guide levels above and below the daily open and shows how much of the day's typical range has already been covered—all in one interactive table and on-chart overlay.
What It Does
ADR Calculation:
Uses daily high-low differences over a user-defined period (default 14 days), smoothed via RMA, SMA, EMA, or WMA to calculate the average daily range.
Projected Levels:
Plots four reference levels relative to the current day's open price:
+100% ADR: Open + ADR
+50% ADR: Open + 50% of ADR
−50% ADR: Open − 50% of ADR
−100% ADR: Open − ADR
Coverage %:
Tracks intraday high and low prices to calculate what percentage of the ADR has already been covered for the current session:
Coverage % = (High − Low) ÷ ADR × 100
Interactive Table:
Shows the ADR value and today's ADR coverage percentage in a customizable table overlay. The table position, colors, border, transparency, and an optional empty top row can all be adjusted via settings.
Customization Options
Table Settings:
Position the table (top/bottom × left/right).
Change background color, text color, border color and thickness.
Toggle an empty top row for spacing.
Line Settings:
Choose color, line style (solid/dotted/dashed), and width.
Lines automatically reposition each day based on that day's open price and ADR calculation.
General Inputs:
ADR length (number of days).
Smoothing method (RMA, SMA, EMA, WMA).
How to Use It for Trading
Measure Daily Movement: Instantly know the expected daily price range based on historical volatility.
Identify Overextension: Use the coverage % to see if the market has already moved close to or beyond its typical daily range.
Plan Entries & Exits: Align trade targets and stops with ADR levels for more objective intraday planning.
Visual Reference: Horizontal guide lines and table update automatically as new data comes in, helping traders stay informed without manual calculations.
Ideal For
Intraday traders tracking daily volatility limits.
Swing traders wanting a quick reference for expected price movement per day.
Anyone seeking a volatility-based framework for planning targets, stops, or identifying extended market conditions.
Indicator
FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz"FVG, Swing, Target, D/W/M High Low Detector Basic by Trader Riaz " is a powerful PulseWire indicator designed to enhance your trading strategy by identifying key market structures and levels. This all-in-one tool detects Fair Value Gaps (FVGs), Swing Highs/Lows, and previous Day, Previous Week, and Previous Month Highs/Lows, helping traders make informed decisions with ease.
Key Features:
Bullish & Bearish FVG Detection: Highlights Fair Value Gaps with customizable colors, labels, and extension options.
Swing Highs & Lows: Automatically detects and marks Swing Highs and Lows with adjustable display settings and extensions.
Next Target Levels: Identifies potential price targets based on market direction (rising or falling).
Daily, Weekly, and Monthly High/Low Levels: Displays previous day, week, and month highs/lows with customizable colors.
Customizable Settings: Fully adjustable inputs for colors, number of levels to display, and extension periods.
Clean Visuals: Intuitive and non-intrusive design with dashed lines, labels, and tooltips for better chart readability.
This indicator is ideal for traders looking to identify key price levels, improve market structure analysis, and enhance their trading strategies.
Happy Trading,
Trader Riaz Indicator
Indicator
Indicator
Price ActionFirst, you have to know price action, RTM price action Handbook could help you
this indicator shows you base and momentum candles
base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones.
Base candles are white in the chart, and you can place your order at the good zone.
Rally candles and drop candles are momentum candles, and bold rally and bold drop show that it is more powerful than its before candle.
Zigzag compression is one way that shows the compression in trend.
it looks like the Wedges pattern at classic technical that shows pending orders are closed, so the target zone could be powerful to reverse the trend.
Black background of candle means that candle doesn't reach its before candle and so it is poor candle, I named it domination.
It is better to do not trade at poor candles.
At the end, I find Price action the best way to trade, and it makes you free of other indicator, even volume indicator.
This indicator is good for those who use price action strategy to trade and those who want to learn the price action.
It could be so helpful and reliable way to find the zones, and place buy or sell order and the target, specially for scalping.
Indicator
