Level Survival Map [AGPro Series]Level Survival Map
🔹 Overview
Level Survival Map is a premium support and resistance framework that does not just draw lines on the chart. Every detected level carries a live Survival Score between 0 and 100 that answers one simple question: how well is this level still defending itself right now. The map highlights a single Active Level with an interaction zone and a forward projection ribbon, while nearby weaker levels fade, so traders always know which level actually matters for the current decision.
🔸 Unique Edge
Most support and resistance tools either show static pivots or basic break or retest events. Level Survival Map goes further by measuring the quality of every interaction and turning it into a single composite health score per level. Instead of being left with a wall of equally important lines, the trader sees a ranked structural battlefield with one clearly identified Active Level, a visible interaction zone and a projection ribbon for planning. The Damage State readout, the Fresh and Eroded state semantics, the automatic flip from broken support to new resistance and the cluster fade for crowded weaker levels are designed to work together as one premium, low-noise workflow.
🔹 Methodology
Pivot detection builds the raw candidate levels from swing highs and swing lows using the standard pivot window. A merge filter removes duplicates that sit within a configurable ATR distance of an existing same-type level. Each active level then accumulates four independent components over time. Close Respect rewards closes that respect the level side, for example closes above a support. Penetration Damage penalises wicks and bodies that pierce through the level zone. Reaction Quality rewards strong rejection wicks and bodies moving away from the level after a test. Test Fatigue penalises repeated tests because levels tend to weaken with each new hit. These four components are weighted and combined into a single Survival Score, then clamped between 0 and 100. A structural break caps the score at 35, heavy damage across multiple tests caps it at 28, and a confirmed sequence of opposite-side closes flips the level type while resetting its history. The Active Level is chosen as the closest same-side level to price so that the focus always follows the real decision point.
🔸 Signals and Alerts
The visual output itself is the primary signal. Line colour and thickness communicate level strength at a glance. A focused Active Level is drawn with an interaction zone, a darker core band and a forward projection ribbon so that traders can see the exact price band where reaction is most likely, and how far into the future that band is expected to remain relevant. Labels carry the Survival Score directly, so the ranking of levels is always visible without opening any settings. Broken levels switch to a dashed style and faded colour, and once enough opposite-side closes accumulate they flip type automatically, giving a clear visual signature of structural change.
🔹 Key Inputs
Pivot Left Bars and Pivot Right Bars control how strict the swing detection is. Max Active Levels caps how many concurrent levels are tracked. Level Merge Distance and Interaction Zone are expressed in ATR units so the logic adapts across timeframes and instruments. Scoring weights for Close Respect, Penetration Damage, Reaction Quality and Test Fatigue can be tuned independently, together with the fatigue penalty per extra test and the number of closes required to confirm a flip. Visual inputs cover panel position, label size, line width, focus emphasis, non-focus transparency, cluster fade, focus zone width and projection ribbon length and thickness. A Clean Map Mode is provided for screenshot and publishing workflows where only the Active Level and the nearest valid support and resistance are labelled.
🔸 How to Use
Read the map top down. First, look at the summary panel for the Active Level, its Survival Score, Test Count and Damage State. A Fresh or Strong Active Level defending its side is a high-quality decision point. A Fragile or Eroded Active Level with a Severe Damage State is a warning that the next level below or above is likely to take over. Use the projection ribbon as a planning band for reaction rather than a mechanical entry. Use the ranked non-Active labels to understand where price is likely to travel if the Active Level gives way. The tool is designed to be used as a visual framework, in combination with the trader own execution method, trend context and risk management.
🔹 Limitations and Transparency
This indicator is a visual analytical framework, not a strategy, not a signal service and not financial advice. Survival Score, Damage State and flip logic are deterministic functions of price action and ATR, so different markets and timeframes will produce different characteristic score ranges. Pivot based detection is inherently lagging by the Pivot Right Bars window, which is the expected behaviour of any structural tool and not a defect. The Active Level projection ribbon is a visual planning aid, not a forecast. Past level behaviour does not guarantee future behaviour.
🔸 Risk Disclosure
Trading involves substantial risk and is not suitable for every investor. This script is published for educational and analytical purposes only. Users are solely responsible for their own trading decisions, position sizing and risk management. Always test any tool on your own instruments and timeframes before using it in a live environment. Indicator
Dynamic Support & Resistance [UAlgo]Dynamic Support & Resistance is a pivot driven structure indicator that detects recurring reaction prices and converts them into live support and resistance zones. The script does not treat every pivot as an isolated event. Instead, it groups nearby pivots into shared price areas, counts how many times the market has respected each area, and only promotes a level visually once it reaches the required minimum number of touches.
This creates a cleaner and more practical market structure map. When price reacts again near an existing zone, the level is updated rather than duplicated. As a result, the plotted areas represent repeated interaction and growing structural significance instead of a large collection of disconnected swing points.
Each active level is displayed as a channel centered on the level price. The size of that channel is based on the user selected tolerance percentage, so every level is shown as a reaction zone rather than a single exact line only. A center line and a text label are also added, which makes the structure easier to read in live chart conditions.
The script also includes a clear invalidation model. Support becomes invalid when price closes meaningfully below the zone by more than the selected break threshold. Resistance follows the opposite logic. Once invalidated, the level is removed from the active structure map, which keeps the chart focused on areas that are still relevant.
This makes the indicator useful for traders who want a simple but adaptive framework for mapping horizontal support and resistance. It works well for identifying repeated reaction zones, tracking the growth of structural importance through multiple touches, and recognizing when a level has finally lost validity.
🔹 Features
🔸 Pivot Based Structure Detection
The script starts from confirmed pivot highs and pivot lows. This means support and resistance zones are built from meaningful swing points rather than from arbitrary rolling highs and lows. As a result, the detected levels are more closely aligned with actual market turning areas.
🔸 Level Clustering Instead of Raw Pivot Plotting
A newly detected pivot is not always turned into a brand new level. The script first checks whether that pivot belongs to an existing active zone within the allowed tolerance. If it does, the existing level is updated. If it does not, a new level is created. This prevents unnecessary duplication and keeps the structure map organized.
🔸 Touch Counting and Strength Filtering
Every level tracks how many times price has reacted around it. A zone becomes visually important only after it reaches the required minimum number of touches. This helps filter out weak one time reactions and highlights price areas that have shown repeated acceptance or rejection.
🔸 Adaptive Reaction Zones
Each level is displayed as a channel rather than as a single price only. The channel width is calculated from the level price and the selected tolerance percentage. This makes the plotted area more realistic because support and resistance usually behave as zones rather than exact ticks.
🔸 Dynamic Price Recentering
When a new pivot is assigned to an existing level, the script updates the level price using an average based on the previous stored price and the new pivot. This gradually shifts the zone toward the center of actual reaction activity, which makes the level more representative over time.
🔸 Separate Support and Resistance Maps
Support and resistance are stored independently in their own arrays. This allows the script to manage bullish and bearish reaction zones separately while preserving clean logic for visualization, touch counting, invalidation, and cleanup.
🔸 Live Visual Rendering
Once a level becomes strong enough, the script draws:
a reaction channel,
a center line,
and a label showing the role and price.
This produces a chart friendly display that is easy to interpret during live trading or post analysis.
🔸 Invalidation by Closing Break
Levels are not removed by random intrabar noise alone. Instead, support is invalidated only when closing price moves below the level by more than the selected break percentage, and resistance is invalidated only when closing price moves above it by more than that threshold. This helps reduce premature removals.
🔸 Automatic Cleanup
Broken levels are removed from the active arrays after invalidation. This keeps the script efficient and prevents the internal structure store from filling with irrelevant levels.
🔸 Label Position Refresh
On the last bar, active labels are shifted slightly forward so they remain readable and do not sit directly on top of current candles. This small detail improves chart presentation significantly.
🔹 Calculations
1) Pivot Detection
float ph = ta.pivothigh(high, pivotLen, pivotLen)
float pl = ta.pivotlow(low, pivotLen, pivotLen)
int pIdx = bar_index - pivotLen
if not na(ph)
resistances.processPoint(ph, -1, pIdx)
if not na(pl)
supports.processPoint(pl, 1, pIdx)
This is the starting point of the script.
The code uses ta.pivothigh and ta.pivotlow to detect confirmed swing highs and swing lows. Because pivots are only confirmed after pivotLen bars on both sides, the actual pivot bar is not the current bar. That is why the script calculates:
pIdx = bar_index - pivotLen
This gives the real bar index where the pivot occurred.
Then the pivot is passed into the correct structure map:
pivot highs go into the resistance array,
pivot lows go into the support array.
So at this stage, the script is transforming raw swing points into candidate support or resistance events.
2) Grouping New Pivots Into Existing Levels
method processPoint(array levels, float price, int role, int idx) =>
bool found = false
for in levels
if lvl.active
float tolerance = lvl.price * zonePct
if math.abs(price - lvl.price) <= tolerance
lvl.price := (lvl.price * lvl.count + price) / (lvl.count + 1)
lvl.count += 1
lvl.updateVisuals()
found := true
break
if not found
SRLevel newLvl = SRLevel.new(price, 1, role, true, na, na, na, idx)
levels.push(newLvl)
This method decides whether a new pivot should strengthen an existing level or create a completely new one.
For every active level in the relevant array, the script calculates a tolerance band:
tolerance = lvl.price * zonePct
Then it checks whether the new pivot price is close enough to that level:
math.abs(price - lvl.price) <= tolerance
If the pivot falls inside the allowed zone, the script treats it as another touch of the same structure. It then updates the stored level price using an average weighted by the existing touch count:
lvl.price := (lvl.price * lvl.count + price) / (lvl.count + 1)
This is important. The level does not stay frozen forever. It gradually recenters as more pivots are absorbed into it. At the same time, the touch count increases, which strengthens the zone statistically.
If no active level is close enough, the script creates a fresh support or resistance level with an initial count of one.
So this method is the core clustering engine of the whole indicator.
3) Minimum Touch Logic and Zone Construction
method updateVisuals(SRLevel this) =>
if this.active and this.count >= minStrength
color c = this.role == 1 ? colSup : colRes
float tolerance = this.price * zonePct
float top = this.price + tolerance
float bot = this.price - tolerance
This is the first visual gate.
A level is drawn only if two conditions are true:
the level must still be active,
and its touch count must be greater than or equal to the minimum strength input.
That means weak single touch levels can exist internally, but they are not shown until they prove themselves.
Once the level qualifies, the script calculates the channel boundaries around the center price:
top = this.price + tolerance
bot = this.price - tolerance
So the plotted zone is always centered on the current level price and expands above and below it by the selected tolerance percentage.
This is what turns the raw pivot cluster into an actual support or resistance zone.
4) Drawing the Channel, Center Line, and Label
if na(this.bx)
this.bx := box.new(
left=this.start_idx,
top=top,
right=bar_index,
bottom=bot,
border_color=color.new(c, 0),
border_style=line.style_dotted,
bgcolor=color.new(c, 80),
extend=extend.right
)
else
this.bx.set_top(top)
this.bx.set_bottom(bot)
if na(this.ln)
this.ln := line.new(
x1=this.start_idx,
y1=this.price,
x2=bar_index,
y2=this.price,
color=c,
width=1,
extend=extend.right
)
else
this.ln.set_y1(this.price)
this.ln.set_y2(this.price)
Once a level is strong enough, the script renders its visual structure.
The box represents the full support or resistance channel from the starting pivot index to the current bar, and it is extended to the right so the zone remains visible into future bars.
The line is drawn exactly at the stored level price, which serves as the center of the zone. Because the price can shift slightly over time as new pivots are absorbed, the center line is updated dynamically as well.
So visually, each confirmed level contains:
a shaded reaction area,
a center reference line,
and an ongoing extension into the future.
This gives the user both a zone view and a central price reference at the same time.
5) Text Label Calculation
string txt = str.format("{0} - {1,number,#.##}", this.role == 1 ? "Support" : "Resistance", this.price)
if na(this.lbl)
this.lbl := label.new(
x=bar_index,
y=this.price,
text=txt,
style=label.style_label_left,
color=color.new(color.black, 100),
textcolor=colTxt,
size=size.small
)
else
this.lbl.set_xy(bar_index, this.price)
this.lbl.set_text(txt)
This snippet builds and updates the text label for each visible level.
The label text is generated from the level role and the current averaged level price. So if the level belongs to the bullish structure map, the label shows Support and the current price. If it belongs to the bearish structure map, it shows Resistance and the current price.
The label is then either created or updated at the latest bar.
This means the label always reflects the most current state of the zone instead of staying attached to an outdated price.
6) Invalidation Logic
method checkInvalidation(array levels, float currentPrice) =>
for in levels
if lvl.active
float threshold = lvl.price * breakPct
bool broken = false
if lvl.role == 1
if currentPrice < lvl.price - threshold
broken := true
else
if currentPrice > lvl.price + threshold
broken := true
if broken
lvl.active := false
lvl.updateVisuals()
This method decides when a level should stop being considered valid.
For every active level, the script calculates a break threshold based on the level price and the selected invalidation percentage:
threshold = lvl.price * breakPct
Then it applies directional logic.
For support:
price must close below the level by more than the threshold.
For resistance:
price must close above the level by more than the threshold.
This is important because it means the script does not remove zones on a tiny touch or minor overshoot. A meaningful closing break is required.
When that break happens, the level is marked inactive and its visuals are refreshed so the box, line, and label are deleted.
7) Visual Removal of Broken Levels
else if not this.active
if not na(this.bx)
this.bx.delete()
this.bx := na
if not na(this.ln)
this.ln.delete()
this.ln := na
if not na(this.lbl)
this.lbl.delete()
this.lbl := na
This is the part of updateVisuals that handles invalidated levels.
Once a level is no longer active, the script deletes all visual objects associated with it:
the channel box,
the center line,
and the text label.
This keeps the chart focused on only those support and resistance zones that are still valid. It also prevents broken levels from continuing to influence the user visually after the market has already moved through them.
8) Cleanup of Inactive Objects From Memory
method cleanup(array levels) =>
int n = levels.size()
if n > 0
for i = n - 1 to 0
SRLevel lvl = levels.get(i)
if not lvl.active
levels.remove(i)
Deleting a level visually is only one part of the process. The script also removes inactive levels from the calculation arrays.
This reverse loop is important because removing array elements while looping forward can shift indices and create logic errors. By iterating from the end toward zero, the script safely removes inactive items.
This keeps the internal storage efficient and prevents the structure engine from wasting time checking already broken zones on future bars.
9) Last Bar Label Position Update
if barstate.islast
for lvl in supports
if lvl.active and not na(lvl.lbl)
lvl.lbl.set_x(bar_index + 5)
for lvl in resistances
if lvl.active and not na(lvl.lbl)
lvl.lbl.set_x(bar_index + 5)
This small block improves readability on the chart.
On the last visible bar, the script shifts active labels slightly to the right of the current candle. That creates a cleaner presentation and reduces overlap between labels and price bars.
Although this does not change the structural logic of the indicator, it improves usability in live analysis and makes the levels easier to read at a glance.
10) Full Execution Flow
if not na(ph)
resistances.processPoint(ph, -1, pIdx)
if not na(pl)
supports.processPoint(pl, 1, pIdx)
supports.checkInvalidation(close)
resistances.checkInvalidation(close)
supports.cleanup()
resistances.cleanup()
This compact block summarizes how the script behaves on every bar.
First, it checks whether a new pivot high or pivot low has been confirmed.
Second, it sends that pivot into the correct level array.
Third, it checks whether any active support or resistance has been invalidated by the current closing price.
Finally, it removes inactive levels from memory.
So the script is constantly cycling through four steps:
detect,
cluster,
invalidate,
clean.
That is why the indicator remains dynamic. It is always updating the active structure map as the market evolves. Indicator
Neural SR [BeNice]Neural SR — Description
Neural SR is an advanced support and resistance indicator that automatically detects, manages, and visualizes pivot-based price levels derived from multiple timeframes. Beyond simple line plotting, the indicator evaluates the quality and relevance of each level by analyzing price interaction behavior such as touches, reactions, and retests, and dynamically filters the results accordingly.
Core Methodology
• Generates support and resistance levels from pivot highs and pivot lows
• Supports dual higher-timeframe (HTF) analysis within a single chart
• Scores levels based on real market interaction instead of static occurrence counts
• Reduces noise through cluster merging of nearby levels
• Optionally visualizes levels as zones rather than single price lines
Key Features
1) Dual Timeframe Support (TF1 + TF2)
The indicator allows two independent higher timeframes to be displayed simultaneously, enabling users to monitor both local and major structural levels in one environment.
Each timeframe includes independent controls for:
• Pivot sensitivity (left/right bars)
• Maximum number of levels
• Color, width, and style
• Line extension behavior
2) Adaptive Touch Detection (Wick / Body / Wick+Body)
Users can define how price interaction with a level is interpreted:
• Wick only
• Candle body only
• Combined wick and body
Tolerance can be controlled using ATR-based or tick-based deviation, ensuring consistent behavior across instruments with different volatility characteristics.
3) Strength Scoring Engine
Instead of treating all levels equally, the indicator computes a strength score based on market behavior:
• Number of touches (from above and below)
• Measured reactions after contact within a defined window
• Break and retest occurrences
• Cluster merge density
This score dynamically controls:
• Line thickness
• Transparency (visual prominence)
Weak levels can be automatically filtered using configurable thresholds.
4) Break & Retest Detection
An optional module tracks confirmed breaks and subsequent retests within a configurable time window. When a valid retest occurs, the indicator marks it directly on the chart, providing contextual confirmation of structural shifts.
ATR-based buffers can be applied to define break validity.
5) Zone Mode
Levels can be displayed as price zones instead of single lines. Zone width can be derived from ATR or tick values, which is particularly useful in high-volatility environments where price interaction rarely occurs at an exact level.
6) Cluster Merge Logic
Nearby levels within a configurable tolerance are automatically merged into a single representative level. This approach:
• Reduces visual clutter
• Improves chart readability
• Highlights areas with higher structural significance
7) Volume and Range Filters (Optional)
Level generation can be filtered based on the conditions of the pivot bar:
• Volume Filter — Accept levels only if volume exceeds a moving average threshold
• Range Filter — Accept levels only if true range exceeds an ATR-based threshold
Differentiation
Neural SR differs from conventional support and resistance tools by focusing on behavior-driven validation rather than static level detection.
Key distinctions include:
• Dynamic strength modeling based on market interaction
• Automatic prominence adjustment to emphasize relevant levels
• Intelligent merging of overlapping levels to reduce noise
• Volatility-adaptive tolerance using ATR and tick scaling
• Integrated multi-timeframe architecture within a single indicator
Usage Notes
• Because the indicator is pivot-based, levels become confirmed only after pivot validation (left/right bar confirmation delay is expected)
• When filters and automatic strength thresholds are enabled, weaker levels may be intentionally hidden to maintain clarity
• This tool is designed for technical analysis support and should not be considered a standalone trading signal Indicator
Market Structure Event TrendThis indicator identifies and visualizes advanced market structure
concepts (SMC) alongside classic price action analysis. It combines
robust, non-repainting pivot detection with a sophisticated engine
that tracks dual-layer trend states, structural breaks (BOS/CHoCH),
and supply/demand zones (Order Blocks).
Key Features:
1. **Non-Repainting Pivot Detection:**
- Uses a standard lookback method (`left` and `right` bars) to
identify historical pivot points.
- **Note on Confirmation:** Pivots are only confirmed *after*
the `Pivot Right Bars` input has passed. This is essential
for ensuring the signal is non-repainting, but it
introduces an inherent lag.
- Automatically classifies the sequence of pivots according to
Dow Theory: Higher Highs (HH), Higher Lows (HL), Lower Highs (LH),
and Lower Lows (LL).
- **Flexible Pivot Algorithms:** Supports various underlying
mathematical models for pivot detection provided by the
core library
2. **Smart Money Concepts (SMC) Engine:**
- **Dual-Layer Structure:** The engine distinguishes between significant
**Major Structure** (Swing Points) and internal **Minor Structure**
(Sub-Structure). This allows traders to separate the overarching trend
from immediate order flow.
- **Event Detection:** Automatically identifies and visualizes key events:
- **BOS (Break of Structure):** Signals trend continuation when a
validated High/Low is broken in the direction of the trend.
- **CHoCH (Change of Character):** Signals a potential trend reversal
when a significant structural level is breached against the trend.
- **Pivot Classification:** Applies classic labels (HH, HL, LH, LL)
while also detecting Equal Highs (EH) and Equal Lows (EL) based on
a user-defined price tolerance.
3. **Automated Order Blocks:**
- Identifies potential Supply and Demand zones (Order Blocks) formed
at the precise origin of a structural break.
- **Mitigation Tracking:** The indicator monitors price action in real-time
and automatically removes or updates Order Blocks once they have been
mitigated (tested/broken) by the price.
- **Scope Awareness:** Distinguishes between Major Order Blocks (Swing origin)
and Minor Order Blocks (Internal flow origin).
4. **Trend State Visualization & Dynamic S/R:**
- A robust state machine analyzes the sequence of events to determine
the current market trend (Bullish, Bearish, or Neutral) for both
Major and Minor scopes.
- **Dynamic Step-Lines:** Visualizes the trend structure directly on the
chart, creating a "staircase" effect that highlights trailing stop levels.
- **Extended Pivot Lines:** Extends dynamic horizontal lines from confirmed
pivots that act as Support/Resistance and automatically terminate
upon a structural break.
5. **Full Customization & Alerts:**
- **Display Options:** Granular control over the visibility of Events,
Labels, Symbols, and Lines. Supports "Relative" vs "Absolute" price
change display.
- **Visual Styling:** Extensive color customization for Bullish/Bearish
scenarios and Major/Minor hierarchy.
- **Comprehensive Alerts:** Set up precise alerts for:
- New Pivot formations (e.g., "Pivot Higher High").
- Structural Events (e.g., "Major Bullish BOS detected").
- Trend State Changes (e.g., "Major Trend changed to Bullish",
"Minor Trend no longer Bearish").
---
**DISCLAIMER**
1. **For Informational/Educational Use Only:** This indicator is
provided for informational and educational purposes only. It does
not constitute financial, investment, or trading advice, nor is
it a recommendation to buy or sell any asset.
2. **Use at Your Own Risk:** All trading decisions you make based on
the information or signals generated by this indicator are made
solely at your own risk.
3. **No Guarantee of Performance:** Past performance is not an
indicator of future results. The author makes no guarantee
regarding the accuracy of the signals or future profitability.
4. **No Liability:** The author shall not be held liable for any
financial losses or damages incurred directly or indirectly from
the use of this indicator.
5. **Signals Are Not Recommendations:** The alerts and visual signals
(e.g., crossovers) generated by this tool are not direct
recommendations to buy or sell. They are technical observations
for your own analysis and consideration. Indicator
Market Structure Pivots TrendThis indicator identifies and visualizes key market structure by plotting confirmed, non-repainting pivot points. It goes beyond simple markers by classifying the pivots, extending dynamic support/resistance lines, and providing a visual representation of the current trend state.
Key Features:
Non-Repainting Pivot Detection:
Uses a standard lookback method (left and right bars) to identify historical pivot points.
Note on Confirmation: Pivots are only confirmed after the Pivot Right Bars input has passed. This is essential for ensuring the signal is non-repainting, but it introduces an inherent lag.
Automatically classifies the sequence of pivots according to Dow Theory: Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL).
Pivot Classification Filter:
Price Tolerance Filter: A user-defined percentage tolerance filters out insignificant market noise. A pivot is only classified as 'Higher' or 'Lower' if its price exceeds the previous one by more than the set tolerance, leading to more robust signals.
Equal Pivot Detection: The tolerance also enables the detection of Equal Highs (EH) and Equal Lows (EL), highlighting consolidation zones.
Dynamic Support & Resistance Lines:
When enabled, the indicator extends a horizontal line from the most recent confirmed pivot high and low.
These lines update in real-time, providing clear S/R levels.
Lines automatically terminate if the price decisively breaks through them or if a new pivot of the same type is formed.
Trend State Visualization:
A built-in state machine analyzes the sequence of pivots and breaks to determine the current market trend (Uptrend, Downtrend, or Neutral).
Plots a dynamic step-line based on recent highs/lows to visually represent the current trend state.
Full Customization & Alerts:
Display Options: Choose between simple triangles or detailed text labels that show the pivot type, price, and the absolute or relative change from the previous pivot of the same type.
Visual Styling: Full control over colors for all six pivot types (HH, LH, EH, LL, HL, EL) and line styles.
Comprehensive Alerts: Set up alerts for every new pivot formation (e.g., HH, LL), for S/R line breaks, and for changes in the overall trend state (Up, Down, Neutral).
DISCLAIMER
For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset.
Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk.
No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability.
No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator.
Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration. Indicator
Swing Profile Analyzer [ChartPrime]Swing Profile Analyzer
The Swing Profile Analyzer is a comprehensive tool designed to provide traders with valuable insights into swing frequency profiles, enabling them to identify key price levels and areas of market interest.
⯁ KEY FEATURES
Swing Frequency Profiles
Automatically plots frequency profiles for each swing, highlighting price distribution and key levels of significance.
Point of Control (POC) Line
Marks the price level with the highest number of closes within a swing, acting as a key area for potential price reactions.
Customizable Trend Display
Allows users to toggle between displaying profiles for bullish swings, bearish swings, or both, offering tailored analysis.
Integrated ZigZag Lines
Visualizes swing highs and lows, providing a clear picture of market trends and reversals.
Dynamic Profile Visualization
Profiles are color-coded to indicate the frequency of closes, with the highest value bins distinctly marked for easy recognition.
Max Frequency Highlight
Displays numerical values for the most active price level within each profile, showing how many closes occurred at the peak bin.
Updates only after swing formed
Profiles and POC lines automatically appear after swing is done
⯁ HOW TO USE
Identify Critical Price Levels
Use the POC line and frequency distribution to locate levels where price is likely to react or consolidate.
Analyze Swing Characteristics
Observe swing profiles to understand the strength, duration, and behavior of market trends.
Plan Entries and Exits
Leverage significant price levels and high-frequency bins to make more informed trading decisions.
Focus on Specific Trends
Filter profiles to analyze bullish or bearish swings based on your trading strategy.
⯁ CONCLUSION
The Swing Profile Analyzer is an essential tool for traders seeking to understand price dynamics within market swings. By combining frequency profiles, POC levels, and trend visualization, it enhances your ability to interpret and act on market movements effectively. Indicator
Support/Resistance Strength [UAlgo]The Support/Resistance Strength indicator is a tool designed for traders seeking a precise understanding of key support and resistance levels in the market. This tool dynamically identifies and visualizes support and resistance zones based on pivot points and strength criteria, providing traders with actionable insights for better decision-making.
By incorporating features such as ATR-based or percentage-based channel calculations, customizable strength thresholds, and intuitive visualization of key levels, the indicator caters to traders of various skill levels and strategies. It also adapts dynamically to market conditions, allowing users to identify frequently tested zones with minimal manual input.
🔶 Key Features
Dynamic Support and Resistance Zones
Automatically detects significant support and resistance levels using pivot high and low calculations.
Offers ATR-based or percentage-based channel customization to cater to diverse trading styles.
Customizable Parameters
Lookback period for pivot calculations, strength threshold, and maximum stored pivots are fully adjustable.
Display options for showing specific numbers of recent support/resistance lines.
Intuitive Visualization
Highlights key support and resistance levels with color-coded lines and labels.
Includes percentage deviation from the current price for quick assessment.
Interactive Updates
Continuously updates support and resistance levels to reflect changing market dynamics.
Displays pivot points visually for enhanced clarity.
Can be used effectively on various timeframes, from intraday to daily and weekly charts.
🔶 Interpreting the Indicator
Identifying Key Levels
Support levels are indicated by green (lime) lines and resistance levels by red lines. The transparency of colors is adjustable for visual preference.
Labels display the exact price level and the percentage difference from the current price.
Strength Threshold
The "Minimum S/R Strength" parameter defines how frequently a level must be tested to be considered significant.
Higher strength values indicate zones that have been tested more frequently, suggesting stronger support or resistance.
Pivot Points
The indicator marks pivot high and low points on the chart to provide a visual representation of the calculated levels.
Dynamic Updates
The indicator adapts to the most recent price action. If the price moves above a resistance level or below a support level, the color of the lines and labels will dynamically change to reflect the current price positioning.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results. Indicator
ATR Based Support and Resistance Zones [UAlgo]🔶 ATR Based Support and Resistance Indicator 🔶
The ATR Based Support and Resistance Indicator is a technical tool designed for PulseWire users to analyze and visualize support and resistance levels based on the Average True Range (ATR) indicator. ATR is a widely used volatility indicator that measures the average trading range of an asset over a specified period. This indicator utilizes ATR values to dynamically calculate and display support and resistance zones on the price chart.
🔶 Indicator Settings
ATR Length: This setting allows users to specify the length of the period over which the ATR indicator is calculated. A longer period results in a smoother ATR value, providing a broader view of market volatility.
ATR Multiplier: The ATR multiplier enables users to adjust the sensitivity of the support and resistance zones. Increasing the multiplier widens the zones, while decreasing it narrows them, allowing traders to customize the indicator according to their trading preferences and market conditions.
🔶 Key Features
Trend Identification: The indicator identifies potential support and resistance zones based on the relationship between the ATR values and the price action. When the current ATR value exceeds a certain threshold determined by the ATR multiplier, it indicates a significant price movement, potentially signaling a trend reversal or continuation.
Impulse Detection: The indicator detects impulses in price movement by comparing the current ATR value with the previous value. An impulse is identified when the current ATR value is greater than or equal to the previous value, indicating a sudden surge in market volatility.
Bearish Impulse Example :
Bullish Impulse Example:
Color-Coded Impulses: Impulse candles are color-coded for easy visualization of bullish (green) and bearish (red) impulses. This feature helps traders quickly identify potential trading opportunities and market trends.
Wick Percentage Calculation: The indicator calculates the percentage of the wick length relative to the true range of each candle. Users can specify a threshold percentage, and when the wick percentage exceeds this threshold, it indicates a potential support or resistance zone.
Support and Resistance Zones: The indicator plots support and resistance zones based on the calculated wick percentage. These zones are visualized as rectangular boxes on the price chart, highlighting areas where price reversals or significant price movements are likely to occur.
Customizable Styling: Users can customize the styling of support and resistance zones, including line style, width, border color, and background color. This flexibility allows traders to adapt the indicator's visual appearance to their personal preferences and trading strategies.
🔶 Usage
Traders can utilize the ATR Based Support and Resistance Indicator in various ways :
Trend Direction Analysis: By observing the color-coded impulse candles, traders can identify the prevailing trend direction (bullish or bearish) based on the frequency and magnitude of impulses.
Entry and Exit Signals: Traders can use the detected support and resistance zones as potential entry and exit points for their trades. When price approaches these zones, it may indicate a trading opportunity or signal the need to adjust stop-loss or take-profit levels.
Confirmation Tool: The indicator serves as a confirmation tool for identifying potential reversal or continuation signals in conjunction with other technical indicators or trading strategies.
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Support and Resistance Backtester [SS]Hey everyone,
Excited to release this indicator I have been working on.
I conceptualized it as an idea a while ago and had to nail down the execution part of it. I think I got it to where I am happy with it, so let me tell you about it!
What it does?
This provides the user with the ability to quantify support and resistance levels. There are plenty of back-test strategies for RSI, stochastics, MFI, any type of technical based indicator. However, in terms of day traders and many swing traders, many of the day traders I know personally do not use or rely on things like RSI, stochastics or MFI. They actually just play the support and resistance levels without attention to anything else. However, there are no tools available to these people who want to, in a way, objectively test their identified support and resistance levels.
For me personally, I use support and resistance levels that are mathematically calculated and I am always curious to see which levels:
a) Have the most touches,
b) Have provided the most support,
c) Have provided the most resistance; and,
d) Are most effective as support/resistance.
And, well, this indicator answers all four of those questions for you! It also attempts to provide some way to support and resistance traders to quantify their levels and back-test the reliability and efficacy of those levels.
How to use:
So this indicator provides a lot of functionality and I think its important to break it down part by part. We can do this as we go over the explanation of how to use it. Here is the step by step guide of how to use it, which will also provide you an opportunity to see the options and functionality.
Step 1: Input your support and resistance levels:
When we open up the settings menu, we will see the section called "Support and Resistance Levels". Here, you have the ability to input up to 5 support and resistance levels. If you have less, no problem, simply leave the S/R level as 0 and the indicator will automatically omit this from the chart and data inclusion.
Step 2: Identify your threshold value:
The threshold parameter extends the range of your support and resistance level by a desired amount. The value you input here should be the value in which you would likely stop out of your position. So, if you are willing to let the stock travel $1 past your support and resistance level, input $1 into this variable. This will extend the range for the assessment and permit the stock to travel +/- your threshold amount before it counts it as a fail or pass.
Step 3: Select your source:
The source will tell the indicator what you want to assess. If you want to assess close, it will look at where the ticker closes in relation to your support and resistance levels. If you want to see how the highs and lows behave around the S/R levels, then change the source to High or Low.
It is recommended to leave at close for optimal results and reliability however.
Step 4: Determine your lookback length:
The lookback length will be the number of candles you want the indicator to lookback to assess the support and resistance level. This is key to get your backtest results.
The recommendation is on timeframes 1 hour or less, to look back 300 candles.
On the daily, 500 candles is recommended.
Step 5: Plot your levels
You will see you have various plot settings available to you. The default settings are to plot your support and resistance levels with labels. This will look as follows:
This will plot your basic support and resistance levels for you, so you do not have to manually plot them.
However, if you want to extend the plotted support and resistance level to visually match your threshold values, you can select the "Plot Threshold Limits" option. This will extend your support and resistance areas to match the designated threshold limits.
In this case on MSFT, I have the threshold limit set at $1. When I select "Plot Threshold Limits", this is the result:
Plotting Passes and Fails:
You will notice at the bottom of the settings menu is an option to plot passes and plot fails. This will identify, via a label overlaid on the chart, where the support and resistance failures and passes resulted. I recommend only selecting one at a time as the screen can get kind of crowded with both on. here is an example on the MSFT chart:
And on the larger timeframe:
The chart
The chart displays all of the results and counts of your support and resistance results. Some things to pay attention to use the chart are:
a) The general success rate as support vs resistance
Rationale: Support levels may act as resistance more often than they do support or vice versa. Let's take a look at MSFT as an example:
The chart above shows the 334.07 level has acted as very strong support. It has been successful as support almost 82% of the time. However, as resistance, it has only been successful 33% of the time. So we could say that 334 is a strong key support level and an area we would be comfortable longing at.
b) The number of touches:
Above you will see the number of touches pointed out by the blue arrow.
Rationale: The number of touches differs from support and resistance. It counts how many times and how frequently a ticker approaches your support and/or resistance area and the duration of time spent in that area. Whereas support and resistance is determined by a candle being either above or below a s/r area, then approaching that area and then either failing or bouncing up/down, the number of touches simply assesses the time spent (in candles) around a support or resistance level. This is key to help you identify if a level has frequent touches/consolidation vs other levels and can help you filter out s/r levels that may not have a lot of touches or are infrequently touched.
Closing comments:
So this is pretty much the indicator in a nutshell. Hopefully you find it helpful and useful and enjoy it.
As always let me know your questions/comments and suggestions below.
As always I appreciate all of you who check out, try out and read about my indicators and ideas. I wish you all the safest trades and good luck!
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PRIME - ShadoW ZoneZ with RSI LevelsIn This experimental study, we've taken RSI data, Volume Profile, and Trend analysis, combining them into one unique package that will allow a trader to analyze market trend lines and their proposed channels, trend momentum through candle color augmentation similar to "Pulse", and Visible Volume index price levels on chart for the current sequence. Below are explanations of each function within the system.
The Semafor is used to spot future multi-level Supports and Resistance zones.
It is also useful to spot HL or LL or HH or LH zones at different Depth settings.
The red zones are the extreme places where the market has a higher chance of reversing while the green zones have the lowest setting with lower chances of the market reversal
Automatic Trend Lines
The indicator takes in 2 timeframes to detect High and Low values from which to draw the trend lines of each timeframe.
As the values change with price movement, the lines are updated. They are color coded for uptrend and downtrend based on the direction of each individual line. Trend lines can be set up to color with only the default value on the configurations panel.
- Toggle on/off Color Coded
- Change Default, Uptrend, Downtrend color
- Change Line Width
- Change Line Style
- Toggle on/off Line Extensions
- Change Extended Line Width
- Change Extended Line Style
- Toggle On/Off labels for 7 data points of each timeframe
Automatic Trend Sights
This is a neat feature that may help you get a better feel for the direction the current movement is heading towards in correlation with the short or medium length timeframe trends. The sight draws a line from the middle vertical point of the trend coordinates towards the current price. They are toggled off by default but can be enabled in the configurations panel.
- Toggle on/off sight on each timeframe
- Change Width
- Change Line Style
Support & Resistance Levels, the main aim of the study. Level calculations are based on Relative Strength Index ( RSI ) threshold levels of oversold/overbought and bull/bear zones, where all threshold values are customizable through the user dialog box. Background of the levels can be colored optionally.
RSI Weighted Colored Bars and/or Mark Overbought/Oversold Bars , Bar colors can be painted to better emphasis RSI values. Darker colors when the oscillator is in oversold/overbought zones, light colors when oscillator readings are below/above the bull/bear zone respectively, and remain unchanged otherwise. Besides the colors, with “Display RSI Overbought/Oversold Price Bars” option little triangle shapes can be plotted on top or bottom of the bars when RSI is in oversold/overbought zones .
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
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Storm Trading System This script is inspired by the following :
Fractal Dow RSI Support and Resistance ;
Moving Average Clouds ;
Let's start.
This command is based on a fun description of where we are.
Technical analysis methods are likened to a storm.
Clouds as moving average,risk factor as lightning,
fractals were taken as green and red rain.
In this system:
4 Exponential Moving Averages, ( EMA15, EMA30 , EMA45 , EMA60 ),
interpretation of my own work, Dow Factor RSI, as Fractal Support and Resistance,
interpretation of my own work , DVOG Risk Factor : with changeable background and bar color.
Fractal support resistance level codes do not belong to me.
So I'm not putting a license.
But the other codes are my labor.
Consider the risk factor not as a stop, but as a region of high attention.
It is a warning before hard movements.
And watch out for turbulence in the clouds :)
The regions above and below the clouds are major trend zones, which may take a long time.
Guide the fractals in these areas.
It allows you to comment on this and tons of similar things.
And you see where you are in the big trade from a different perspective.
Repaint issue :
Firstly our source is close . Repaint will only cause the following issue and solution:
There may be a time difference between countries as the dow factor depends on the indexes.
Do not use a low graph time frame in stocks.
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