Support & Resistance Power + MTF Linear Regression [Combined]

Support & Resistance Power + MTF Linear Regression [Combined]
Overview:
This advanced technical indicator combines two powerful analysis tools: dynamic Support & Resistance levels with power analysis, and Multi-Timeframe Linear Regression alignment. It provides traders with comprehensive market structure analysis and trend confirmation across multiple timeframes.
Core Features:
Support & Resistance Power Channel:

Calculates dynamic support and resistance levels using highest/low values over a customizable period (default 130 bars)
Adds ATR-based padding to create realistic trading zones rather than thin lines
Displays "Buy Power" and "Sell Power" metrics showing the number of bullish vs bearish candles within the calculation period
Shows actual high/low price values that created the S&R levels
Provides customizable signal markers (Diamond, X, Circle, Triangle, Square) when price bounces off or rejects from zones

Multi-Timeframe Linear Regression:

Analyzes linear regression trends across 5 configurable timeframes (default: 5min, 15min, 1hour, 4hour, Daily)
Displays current timeframe linear regression line with trend-based coloring
Shows alignment dashboard indicating bullish/bearish status for each timeframe
Colors chart bars based on overall trend alignment
Requires customizable number of timeframes to agree before signaling alignment

Alert System:

Proximity alerts when price approaches S&R levels
Breakout alerts when price enters or breaks through S&R zones
Pivot point alerts when new highs/lows are formed
Signal alerts when bounce/rejection patterns occur
Linear regression alignment alerts for trend confirmation

Customization Options:

Complete control over line widths, colors, and styles
Adjustable label sizes, positions, and colors for all displays
Configurable alert distances and types
Customizable timeframes for multi-timeframe analysis
Dashboard styling and positioning controls
Bar coloring options based on trend alignment

Key Benefits:

Combines price structure analysis with trend confirmation
Reduces false signals by requiring multi-timeframe alignment
Provides clear visual representation of market power dynamics
Offers comprehensive alert system for various trading scenarios
Highly customizable to match individual trading styles and chart preferences

Best Use Cases:

Identifying high-probability reversal zones with trend confirmation
Confirming breakout trades with multi-timeframe alignment
Understanding market sentiment through power analysis
Setting strategic entry/exit points near dynamic S&R levels

This indicator is ideal for traders who want a comprehensive view of both market structure and trend alignment without cluttering their charts with multiple separate indicators.