Support-and-resistance — Indicators and Strategies

Candle close on high time frame OVERVIEW This indicator plots persistent closing levels of higher time frame candles (H1, H4, and Daily) on the active intraday chart in real time. Unlike similar tools, it offers granular control over line projection length, fully independent toggles per timeframe, and a built-in mechanism that automatically limits the total number of historical levels to avoid chart clutter and performance issues. CONCEPTS Key levels from higher time frames often act as areas where price reacts or consolidates. By projecting each candle's exact closing price forward as a horizontal reference, traders can quickly identify dynamic support and resistance zones relevant to the current price action. This indicator enables seamless multi-timeframe analysis without the need to manually switch chart intervals or re-draw lines. FEATURES Independent Time Frame Selection: Enable or disable H1, H4, and Daily levels individually to tailor the analysis. Custom Extension Length: Each timeframe's closing level can be projected forward for a user-defined number of bars. Performance Optimization: The script maintains an internal limit (default: 100) on the number of active lines. When this threshold is exceeded, the oldest lines are removed automatically. Visual Differentiation: Colors for each timeframe are fully customizable, enabling immediate recognition of level origin. Immediate Update: New levels appear as soon as a higher timeframe candle closes, ensuring real-time reference. USAGE From the indicator inputs, select which timeframes you want to track. Adjust the extension lengths to fit your trading style and time horizon. Customize the line colors for clarity and personal preference. Use these projected levels as part of your confluence criteria for entries, exits, or stop placement. Combine with trend indicators or price action tools to enhance your multi-timeframe strategy. ORIGINALITY AND ADDED VALUE While similar scripts exist that plot higher timeframe levels, this implementation differs in: Its efficient automatic cleanup of old lines to preserve chart performance. The independent extension and color settings per timeframe. Immediate reaction to new candle closes without repainting. Simplicity of use combined with precise customization. This combination makes it a practical and flexible tool for traders who rely on clear HTF level visualization without manual drawing or the limitations of built-in TradingView tools. LICENSE This script is published open-source under the Mozilla Public License 2.0.

Entropy Chart Analysis [PhenLabs]📊 Entropy Chart analysis - Version: PineScript™ v6 📌 Description The Entropy Chart indicator analysis applies Approximate Entropy (ApEn) to identify zones of potential support and resistance on your price chart. It is designed to locate changes in the market’s predictability, with a focus on zones near significant psychological price levels (e.g., multiples of 50). By quantifying entropy, the indicator aims to identify zones where price action might stabilize (potential support) or become randomized (potential resistance). This tool automates the visualization of these key areas for traders, which may have the effect of revealing reversal levels or consolidation zones that would be hard to discern through traditional means. It also filters the signals by proximity to key levels in an attempt to reduce noise and highlight higher-probability setups. These dynamic zones adapt to changing market conditions by stretching, merging, and expiring based on user-inputted rules. 🚀 Points of Innovation Combines Approximate Entropy (ApEn) calculation with price action near significant levels. Filters zone signals based on proximity (in ticks) to predefined significant price levels (multiples of 50). Dynamically merges overlapping or nearby zones to consolidate signals and reduce chart clutter. Uses ApEn crossovers relative to its moving average as the core trigger mechanism. Provides distinct visual coloring for bullish, bearish, and merged (mixed-signal) zones. Offers comprehensive customization for entropy calculation, zone sensitivity, level filtering, and visual appearance. 🔧 Core Components Approximate Entropy (ApEn) Calculation : Measures the regularity or randomness of price fluctuations over a specified window. Low ApEn suggests predictability, while high ApEn suggests randomness. Zone Trigger Logic : Creates potential support zones when ApEn crosses below its average (indicating increasing predictability) and potential resistance zones when it crosses above (indicating increasing randomness). Significant Level Filter : Validates zone triggers only if they occur within a user-defined tick distance from significant price levels (multiples of 50). Dynamic Zone Management : Automatically creates, extends, merges nearby zones based on tick distance, and removes the oldest zones to maintain a maximum limit. Zone Visualization : Draws and updates colored boxes on the chart to represent active support, resistance, or mixed zones. 🔥 Key Features Entropy-Based S/R Detection : Uses ApEn to identify potential support (low entropy) and resistance (high entropy) areas. Significant Level Filtering : Enhances signal quality by focusing on entropy changes near key psychological price points. Automatic Zone Drawing & Merging : Visualizes zones dynamically, merging close signals for clearer interpretation. Highly Customizable : Allows traders to adjust parameters for ApEn calculation, zone detection thresholds, level filter sensitivity, merging distance, and visual styles. Integrated Alerts : Provides built-in alert conditions for the formation of new bullish or bearish zones near significant levels. Clear Visual Output : Uses distinct, customizable colors for buy (support), sell (resistance), and mixed (merged) zones. 🎨 Visualization Buy Zones : Represented by greenish boxes (default: #26a69a), indicating potential support areas formed during low entropy periods near significant levels. Sell Zones : Represented by reddish boxes (default: #ef5350), indicating potential resistance areas formed during high entropy periods near significant levels. Mixed Zones : Represented by bluish/purple boxes (default: #8894ff), formed when a buy zone and a sell zone merge, indicating areas of potential consolidation or conflict. Dynamic Extension : Active zones are automatically extended to the right with each new bar. 📖 Usage Guidelines Calculation Parameters Window Length Default: 15 Range: 10-100 Description: Lookback period for ApEn calculation. Shorter lengths are more responsive; longer lengths are smoother. Embedding Dimension (m) Default: 2 Range: 1-6 Description: Length of patterns compared in ApEn calculation. Higher values detect more complex patterns but require more data. Tolerance (r) Default: 0.5 Range: 0.1-1.0 (step 0.1) Description: Sensitivity factor for pattern matching (as a multiple of standard deviation). Lower values require closer matches (more sensitive). Zone Settings Zone Lookback Default: 5 Range: 5-50 Description: Lookback period for the moving average of ApEn used in threshold calculations. Zone Threshold Default: 0.5 Range: 0.5-3.0 Description: Multiplier for the ApEn average to set crossover trigger levels. Higher values require larger ApEn deviations to create zones. Maximum Zones Default: 5 Range: 1-10 Description: Maximum number of active zones displayed. The oldest zones are removed first when the limit is reached. Zone Merge Distance (Ticks) Default: 5 Range: 1-50 Description: Maximum distance in ticks for two separate zones to be merged into one. Level Filter Settings Tick Size Default: 0.25 Description: The minimum price increment for the asset. Must be set correctly for the specific instrument to ensure accurate level filtering. Max Ticks Distance from Levels Default: 40 Description: Maximum allowed distance (in ticks) from a significant level (multiple of 50) for a zone trigger to be valid. Visual Settings Buy Zone Color : Default: color.new(#26a69a, 83). Sets the fill color for support zones. Sell Zone Color : Default: color.new(#ef5350, 83). Sets the fill color for resistance zones. Mixed Zone Color : Default: color.new(#8894ff, 83). Sets the fill color for merged zones. Buy Border Color : Default: #26a69a. Sets the border color for support zones. Sell Border Color : Default: #ef5350. Sets the border color for resistance zones. Mixed Border Color : Default: color.new(#a288ff, 50). Sets the border color for mixed zones. Border Width : Default: 1, Range: 1-3. Sets the thickness of zone borders. ✅ Best Use Cases Identifying potential support/resistance near significant psychological price levels (e.g., $50, $100 increments). Detecting potential market turning points or consolidation zones based on shifts in price predictability. Filtering entries or exits by confirming signals occurring near significant levels identified by the indicator. Adding context to other technical analysis approaches by highlighting entropy-derived zones. ⚠️ Limitations Parameter Dependency : Indicator performance is sensitive to parameter settings ( Window Length , Tolerance , Zone Threshold , Max Ticks Distance ), which may need optimization for different assets and timeframes. Volatility Sensitivity : High market volatility or erratic price action can affect ApEn calculations and potentially lead to less reliable zone signals. Fixed Level Filter : The significant level filter is based on multiples of 50. While common, this may not capture all relevant levels for every asset or market condition. Accurate Tick Size input is essential. Not Standalone : Should be used in conjunction with other analysis methods (price action, volume, other indicators) for confirmation, not as a sole basis for trading decisions. 💡 What Makes This Unique Entropy + Level Context : Uniquely combines ApEn analysis with a specific filter for proximity to significant price levels (multiples of 50), adding locational context to entropy signals. Intelligent Zone Merging : Automatically consolidates nearby buy/sell zones based on tick distance, simplifying visual analysis and highlighting stronger confluence areas. Targeted Signal Generation : Focuses alerts and zone creation on specific market conditions (entropy shifts near key levels). 🔬 How It Works Calculate Entropy : The script computes the Approximate Entropy (ApEn) of the closing prices over the defined Window Length to quantify price predictability. Check Triggers : It monitors ApEn relative to its moving average. A crossunder below a calculated threshold (avg_apen / zone_threshold) indicates potential support; a crossover above (avg_apen * zone_threshold) indicates potential resistance. Filter by Level : A potential zone trigger is confirmed only if the low (for support) or high (for resistance) of the trigger bar is within the Max Ticks Distance of a significant price level (multiple of 50). Manage & Draw Zones : If a trigger is confirmed, a new zone box is created. The script checks for overlaps with existing zones within the Zone Merge Distance and merges them if necessary. Zones are extended forward, and the oldest are removed to respect the Maximum Zones limit. Active zones are drawn and updated on the chart. 💡 Note: Crucially, set the Tick Size parameter correctly for your specific trading instrument in the “Level Filter Settings”. Incorrect Tick Size will make the significant level filter inaccurate. Experiment with parameters, especially Window Length , Tolerance (r) , Zone Threshold , and Max Ticks Distance , to tailor the indicator’s sensitivity to your preferred asset and timeframe. Always use this indicator as part of a comprehensive trading plan, incorporating risk management and seeking confirmation from other analysis techniques.

GRID EXTENSION GRID EXTENSION Overview The GRID EXTENSION is a simple grid-based indicator for TradingView, built with Pine Script v6. It plots horizontal price levels starting from a user-defined anchor price, with spacing set by a tick increment. Use it to identify key support, resistance, or price zones on charts for Crypto, Forex, or Futures. Key Features Custom Grid Levels: Plot up to 22 levels (e.g., 0, 0.25, 1.25, -2.50) with options to show/hide, set values, and choose colors. Market-Specific Tick Increments: Select your asset type (Crypto, Forex, Futures) and choose from a range of tick increments tailored for each market: Crypto: 1 to 5000 ticks (e.g., 100 ticks = $0.001 on ADA/USD, 5000 ticks = $50 on BTC/USD). Forex: 5 to 5000 ticks (e.g., 100 ticks = 1 pip on EUR/USD, 5000 ticks = 50 pips). Futures: 1 to 2500 ticks (e.g., 25 ticks = 6.25 points on E-mini S&P 500, $312.50 per contract). Visual Options: Extend lines to the right. Show price and level labels (as values or percentages). Place labels on the left or right. Adjust background transparency for filled areas between levels. How to Use Set Asset Type: Choose "Crypto," "Forex," or "Futures" to match your chart. Set Anchor Price: Enter a starting price for the grid. Pick Tick Increment: Select a tick increment from the dropdown, following the guidance for your asset type (see Key Features). Customize Levels: Turn levels on/off, set values, and pick colors. Add to Chart: Apply the indicator to see the grid on your chart. Tips Use levels to mark support/resistance zones for entries or exits. Extend lines to project future price zones. Choose smaller increments (e.g., 5 ticks) for scalping, or larger ones (e.g., 1000 ticks) for swing trading. Combine with indicators like moving averages for better signals. Settings Asset Type: Select "Crypto," "Forex," or "Futures" (default: "Crypto"). Anchor Price: Starting price for the grid (default: 0.0). Tick Increment: Space between levels (options: 1, 5, 10, 25, 50, 100, 250, 500, 1000, 2500, 5000). Choose based on asset type. Extend Right: Extend lines to the right (default: true). Show Prices: Show price labels (default: true). Show Levels: Show level values or percentages (default: true). Format: Display levels as "Values" or "Percent" (default: "Values"). Labels Position: Place labels on "Left" or "Right" (default: "Left"). Background Transparency: Set transparency for filled areas (default: 100, range 0-100). Level Options: Enable/disable levels, set values, and choose colors. Notes Set the anchor price to a key level (like a recent high or low) for best results. Check the tick increment tooltip to ensure the spacing suits your market type. Works on any chart, best for clear price trends or ranges. Acknowledgments Made with Pine Script v6 for TradingView. This is v1.0—feedback welcome for future updates!

1H/3m Concept [RunRox]🕘 1H/3m Concept is a versatile trading methodology based on liquidity sweeps from fractal points identified on higher timeframes, followed by price reversals at these key moments. Below, I will explain this concept in detail and provide clear examples demonstrating its practical application. ⁉️ WHAT IS A FRACTALS? In trading, a fractal is a technical analysis pattern composed of five consecutive candles, typically highlighting local market turning points. Specifically, a fractal high is formed when a candle’s high is higher than the highs of the two candles on either side, whereas a fractal low occurs when a candle’s low is lower than the lows of the two adjacent candles on both sides. Traders use fractals as reference points for identifying significant support and resistance levels, potential reversal areas, and liquidity zones within price action analysis. Below is a screenshot illustrating clearly formed fractals on the chart. 📌 ABOUT THE CONCEPT The 1H/3m Concept involves marking Higher Timeframe (HTF) fractals directly onto a Lower Timeframe (LTF) chart. When a liquidity sweep occurs at an HTF fractal level, we remain on the same LTF chart (since all HTF fractals are already plotted on this lower timeframe) and wait for a clear Market Structure Shift (MSS) to identify our potential entry point. Below is a schematic illustration clearly demonstrating how this concept works in practice. Below is another 💡 real-chart example , showing liquidity in the form of a 1H fractal, swept by a rapid impulse move. Immediately afterward, a clear Market Structure Shift (MSS) occurs, signaling a potential entry point into the trade. Another example is shown below, where we see our hourly fractal, from which price clearly reacts, providing an opportunity to search for an entry point. As illustrated on the chart, the fractal levels from the higher timeframe are clearly displayed, but we’re working directly on the 5-minute chart. This allows us to remain on one timeframe without needing to switch back and forth between charts to spot such trading setups. 🔍 MTF FRACTALS This concept can be applied across various HTF-LTF timeframe combinations. Although our examples illustrate 1H fractals used on a 5-minute chart, you can effectively utilize many other timeframe combinations, such as: 30m HTF fractals on 1m chart 1H HTF fractals on 3m chart 4H HTF fractals on 15m chart 1D HTF fractals on 1H chart The key idea behind this concept is always the same: identify liquidity at fractal levels on the higher timeframe (HTF), then wait for a clear Market Structure Shift (MSS) on the lower timeframe (LTF) to enter trades. ⚙️ SETTINGS 🔷 Trade Direction – Select the preferred trading direction (Long, Short, or Both). 🔷 HTF – Choose the higher timeframe from which fractals will be displayed on the current chart. 🔷 HTF Period – Number of candles required on both sides of a fractal candle (before and after) to confirm fractal formation on the HTF. 🔷 Current TF Period – Sensitivity to the impulse that sweeps liquidity, used for identifying and forming the MSS line. 🔷 Show HTF – Enable or disable displaying HTF fractal lines on your chart. You can also customize line style and color. 🔷 Max Age (Bars) – Number of recent bars within which fractals from the selected HTF will be displayed. 🔷 Show Entry – Enable or disable displaying the MSS line on the chart. 🔷 Enable Alert – Activates TradingView alerts whenever the MSS line is crossed. You can also enable 🔔 alerts, which notify you whenever price crosses the MSS line. This significantly simplifies the process of identifying these setups on your charts. Simply configure your preferred timeframes and wait for notifications when the MSS line is crossed. 🔶 We greatly appreciate your feedback and suggestions for improving the indicator!

Order Blocks-[B.Balaei]Order Blocks - **Description:** The Order Blocks - indicator is a powerful tool designed to identify and visualize Order Blocks on your chart. Order Blocks are key levels where significant buying or selling activity has occurred, often acting as support or resistance zones. This indicator supports multiple timeframes (MTF), allowing you to analyze Order Blocks from higher timeframes directly on your current chart. **Key Features:** 1. **Multi-Timeframe Support**: Choose any timeframe (e.g., Daily, Weekly) to display Order Blocks from higher timeframes. 2. **Customizable Sensitivity**: Adjust the sensitivity to detect more or fewer Order Blocks based on market conditions. 3. **Bullish & Bearish Order Blocks**: Clearly distinguishes between bullish (green) and bearish (red) Order Blocks. 4. **Alerts**: Get notified when price enters a Bullish or Bearish Order Block zone. 5. **Customizable Colors**: Personalize the appearance of Order Blocks to match your chart style. **How to Use:** 1. Add the indicator to your chart. 2. Select your desired timeframe from the "Multi-Timeframe" settings. 3. Adjust the sensitivity and colors as needed. 4. Watch for Order Blocks to form and use them as potential support/resistance levels. **Ideal For:** - Swing traders and position traders looking for key levels. - Traders who use multi-timeframe analysis. - Anyone interested in understanding market structure through Order Blocks. **Note:** This indicator is for educational and informational purposes only. Always conduct your own analysis before making trading decisions. **Enjoy trading with Order Blocks - !**

Fibonacci Pivot Points & Previous D,W&M Highs/Lows Indicator Overview This indicator combines Fibonacci Pivot Points with previous high and low levels for different timeframes (day, week, month). It plots these levels on the chart to provide traders with key support and resistance areas, making it easier to identify potential trading opportunities. Features Fibonacci Pivot Points: The indicator calculates pivot points based on the high, low, and close prices. Fibonacci levels are used to determine support (S1, S2, S3, S4, S5) and resistance (R1, R2, R3, R4, R5) levels. Users can customize the Fibonacci levels for both support and resistance. Previous Highs and Lows: The indicator plots previous day, week, and month high and low levels. Each of these lines can be customized in terms of visibility, color, and width. This helps traders to see key historical levels that might act as support or resistance in the future. Inputs and Customization: Fibonacci Time Frame: Users can select the timeframe for calculating the pivot points (Daily, Weekly, Monthly). Fibonacci Levels: Customizable input fields for each Fibonacci level (R1, R2, R3, R4, R5, S1, S2, S3, S4, S5). Previous High/Low Lines: Day Lines: Options to show or hide previous day's high/low lines. Customizable color and width for these lines. Week Lines: Options to show or hide previous week's high/low lines. Customizable color and width for these lines. Month Lines: Options to show or hide previous month's high/low lines. Customizable color and width for these lines. Technical Calculations: Fibonacci Pivot Points: Calculated as: pp = (High + Low + Close) / 3 S1 = pp - ((High - Low) * Fibonacci Level) R1 = pp + ((High - Low) * Fibonacci Level) Previous High/Low Levels: Uses request.security to fetch previous high and low values for the selected timeframe. Plotted using line.new to draw lines across the chart. Plotting: The indicator plots Fibonacci Pivot Points and previous high/low lines on the chart, using distinct colors for each level. Customizable transparency and linewidths make it easier to visually interpret the levels. This indicator is particularly useful for traders who rely on technical analysis to identify key support and resistance levels, offering a blend of historical data and Fibonacci-based predictions. Feel free to ask if you have any specific questions or need further adjustments!

Support and Resistance lookback: This input allows you to specify the number of bars to look back to calculate the support and resistance levels. support: This is calculated as the lowest low over the specified lookback period. resistance: This is calculated as the highest high over the specified lookback period. plot: The support and resistance levels are plotted on the chart with different colors. bgcolor: This optional feature highlights the support and resistance zones with a semi-transparent background color.

Key Levels Set Key Levels Set allows to set key levels as comma separated values, and to detect breaks to the downside and/or upside, taking into account potential gaps between bars. This indicator can be very handy if you, like me, rely on some key levels that you identified as potential support/resistance from some technical analysis. Features + It allows for key levels to be set as comma separated values. + It draws key levels on chart. + On close, it identifies highest key level that has been broken to the upside, if any. + On close, it identifies lowest key level that has been broken to the downside, if any. + In Cross mode, as bar is printing, it also detects highest/lowest key levels being broken to the upside/downside between bar high and low, if any. + It plots and labels breaks with current level and next level information. + It includes alerts from breaks on close. + It includes turn on/off functionality. Settings + {Prices} checkbox: turns on/off entire functionality + {Prices} text field: comma separated values for key levels + {Breaks on} checkbox: turns on/off breaks detection functionality + {Breaks on} options: selects Close or Cross mode

OrderBlock [kyleAlgo]The principle of this indicator ATR (Average True Range) Setting: The code uses ATR to help calculate the Supertrend indicator. Supertrend Trend Direction: Identify bullish and bearish trends with the Supertrend method. Order Block Recognition: This part of the code recognizes and creates order blocks, visualizing them as boxes on the chart. If the number of blocks exceeds the maximum limit, old blocks will be deleted. Function to prevent overlapping: check whether the new order block overlaps with the existing order block through the isOverlapping function. Order block color setting: The code sets the color according to whether the block is bullish or bearish, and whether it breaks above or below. Afterwards the color of the existing order blocks will be updated. Sensitivity settings: Through the input settings of factor and atrPeriod, the sensitivity of Supertrend and the detection of order blocks can be affected. Visualization: Use TradingView's box.new function to draw and visualize order blocks on the chart. Practicality: Support and Resistance Levels: Order blocks may represent areas of support and resistance in the market. By visualizing these areas, traders can better understand when price reversals are likely to occur. Trading Signals: Traders may be able to identify trading signals based on the color changes of blocks and price breakouts. For example, if the price breaks above a bullish block, this could be a signal to buy. Risk Management: By using ATR to adjust the sensitivity of Supertrend, the symbol helps traders to adjust their strategies according to market volatility. This can be used as a risk management tool to help identify stop loss and take profit points. Multi-timeframe analysis: Although the code itself does not implement multi-timeframe analysis directly, it can be done by applying this indicator on different timeframes. This helps to analyze the market from different angles. Flexibility and Customization: Through sensitivity settings, traders can customize the indicator according to their needs and trading style. Reduced screen clutter: By removing overlapping order blocks and limiting the maximum number of order blocks, this code helps reduce clutter on charts, allowing traders to analyze the market more clearly. Overall, this "Pine Script" can be a powerful analytical tool for trend traders and those looking to improve their trading decisions by visualizing key market areas. It can be used alone or combined with other indicators and trading systems for enhanced functionality.

Divergence-Support/Resistence Another script based on zigzag, divergence, and to yield support and resistence levels. This idea started with below two concepts: ▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to understand which one to consider. ▶ Lot of people asked about one of my previous script on divergence detector on how to use it. I believe divergence should be considered as area of support and resistence because, they only amount to temporary weakness in momentum and nothing more. As per my understanding Trend > Hidden Divergence > Divergence > Oscillator Levels of Overbought and Oversold ⬜ Process ▶ Now combining the above two concepts - what we are trying to do here is draw support resistence lines only on pivots which has observed either divergence or hidden divergence. Continuation and indecision pivots are ignored. ▶ Input requires only few parameters. Zigzag lengths and oscillator to be used. Oscillator periods are automatically calculated based on zigzag length. Hence no other information required. You can also chose custom oscillator via external source. ▶ Display include horizontal lines of support/resistence which are drawn from the candle from where divergence or hidden divergence is detected. ▶ Support resistence lines are colored based on divergence. Green shades for bullish divergence and bullish hidden divergence whereas red shades for bearish divervence and bearish hidden divergence. Please note, red and green lines does not mean they only provide resistence or support. Any lines which are below the price should be treated as support and any line which are above the price should be treated as resistence. ▶ Divergence symbols are also printed on the bar from where divergence/hidden divergence is detected. ↗ - Bullish Hidden Divergence ↘ - Bearish Hidden Divergence ⤴ - Bullish Divergence ⤵ - Bearish Divergence ▶ Script also demonstrates usage of libraries effectively. I have used following libraries in this code. import HeWhoMustNotBeNamed/ zigzag /2 as zg import HeWhoMustNotBeNamed/enhanced_ta/8 as eta import HeWhoMustNotBeNamed/ supertrend /4 as st Can be good combination to use it with harmonic patterns.