OPEN-SOURCE SCRIPT
Support & Resistance Automated
📌 Support and Resistance Automated (Pivot-Based)
Support and Resistance Automated is a lightweight and fully automated indicator that plots key support and resistance levels using pivot highs and pivot lows. It helps traders quickly identify important price reaction zones without manual drawing.
This indicator is especially useful for price-action traders, swing traders, and intraday traders who rely on clean charts and objective levels.
🔍 How It Works
Pivot Highs → Resistance Levels
Pivot Lows → Support Levels
Each detected pivot creates a horizontal dotted line that extends forward, allowing you to observe how price reacts over time.
Once a level is formed, it is kept permanently on the chart — no repainting, no disappearing levels.
⚙️ Customizable Settings
You can easily adjust:
Left & Right Pivot Bars – control how strong a pivot must be
Line Extension Length
Line Width
Support & Resistance Colors
Show / Hide Pivot Highs and Pivot Lows independently
This flexibility allows the indicator to adapt to intraday, swing, or higher-timeframe analysis.
✅ Key Features
✔ Fully automatic support & resistance detection
✔ Based on proven pivot-point logic
✔ No repainting
✔ Clean, minimal chart appearance
✔ Unlimited support & resistance levels
✔ Works on all timeframes & instruments
📈 Best Use Cases
Identifying key demand and supply zones
Planning entries, targets, and stop-losses
Confluence with price action, RSI, moving averages
Breakout and rejection-based strategies
Support and Resistance Automated is a lightweight and fully automated indicator that plots key support and resistance levels using pivot highs and pivot lows. It helps traders quickly identify important price reaction zones without manual drawing.
This indicator is especially useful for price-action traders, swing traders, and intraday traders who rely on clean charts and objective levels.
🔍 How It Works
Pivot Highs → Resistance Levels
Pivot Lows → Support Levels
Each detected pivot creates a horizontal dotted line that extends forward, allowing you to observe how price reacts over time.
Once a level is formed, it is kept permanently on the chart — no repainting, no disappearing levels.
⚙️ Customizable Settings
You can easily adjust:
Left & Right Pivot Bars – control how strong a pivot must be
Line Extension Length
Line Width
Support & Resistance Colors
Show / Hide Pivot Highs and Pivot Lows independently
This flexibility allows the indicator to adapt to intraday, swing, or higher-timeframe analysis.
✅ Key Features
✔ Fully automatic support & resistance detection
✔ Based on proven pivot-point logic
✔ No repainting
✔ Clean, minimal chart appearance
✔ Unlimited support & resistance levels
✔ Works on all timeframes & instruments
📈 Best Use Cases
Identifying key demand and supply zones
Planning entries, targets, and stop-losses
Confluence with price action, RSI, moving averages
Breakout and rejection-based strategies
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Sameer Thorappa
Network Engineer transitioning into the world of investing. Passionate about swing trading, price action, and technical & fundamental analysis.
Network Engineer transitioning into the world of investing. Passionate about swing trading, price action, and technical & fundamental analysis.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Sameer Thorappa
Network Engineer transitioning into the world of investing. Passionate about swing trading, price action, and technical & fundamental analysis.
Network Engineer transitioning into the world of investing. Passionate about swing trading, price action, and technical & fundamental analysis.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.