OPEN-SOURCE SCRIPT

MTF S/R Array - Full Custom

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A clean, institutional-style multi-timeframe support and resistance indicator designed for precision trading decisions. Plots previous and current period levels with full customization for backtesting and live trading.

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WHAT IT PLOTS
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MONTHLY
- Previous Month High / Low / Close
- Previous Month Highest Closing Price
- Current Month High / Low / Highest Close

WEEKLY
- Previous Week High / Low / Close
- Current Week High / Low

DAILY
- Previous Day High / Low / Close
- Current Day High / Low

SESSIONS (Full Session - EST)
- Asian: 7pm - 4am
- London: 3am - 12pm
- New York: 8am - 5pm

OPENING RANGE
- Monday/Tuesday combined high and low
- Clean box visualization for weekly initial balance

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WHY THESE LEVELS MATTER
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Institutions and smart money reference these key levels for:
- Liquidity targets
- Stop hunts
- Reversal zones
- Trend continuation entries

Previous period levels act as magnets for price. Current levels show where the battle is happening now.

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FULL CUSTOMIZATION
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Every level type has independent controls:

- Show/Hide Previous and Current separately
- Extend Bars - control how far each level stretches
- Line Width - adjust thickness per level
- Transparency - fade previous levels for clarity
- Colors - separate colors for High/Low vs Close

Additional settings:
- Labels on/off with size and style options
- Info table with position and size controls
- Opening range box transparency and border width

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HOW TO USE
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1. Use on lower timeframes (1m, 5m, 15m) to see HTF levels
2. Watch for price reactions at previous period highs/lows
3. Look for session high/low sweeps followed by reversals
4. Use Monday/Tuesday opening range for weekly bias and targets
5. Previous levels extend further back for backtesting context

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TIPS
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- Increase "Prev Extend Bars" on monthly/weekly to see levels across more history
- Use higher transparency on previous levels to keep chart clean
- Turn off sessions you don't trade to reduce clutter
- The info table shows all values at a glance - position it where it doesn't block price action

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BEST FOR
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- ICT / Smart Money Concepts traders
- Session-based strategies
- Swing traders using HTF levels on LTF entries
- Anyone who wants clean, customizable S/R levels

Works on Forex, Crypto, Stocks, Futures, and Indices.

Wyłączenie odpowiedzialności

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