Support/Resistance

Overview

Unlike any other support and resistance indicator on the market, this one-of-a-kind tool is powered by an advanced, AI-driven engine that automatically identifies and displays the levels that truly matter. Instead of cluttering your chart with endless lines, our algorithm uses a sophisticated scoring system to analyze market dynamics and highlight only the most significant, high-probability support and resistance zones.

The system continuously learns from price action, reinforcing levels that are respected by the market and decaying those that lose relevance. This adaptive approach ensures that you are always focused on the most accurate and high-probability zones, helping you make more confident and informed trading decisions.

Settings

You can customize the Support/Resistance detection to fit your analysis style, with options to adjust sensitivity, filtering, and the number of visible levels.

Setting	Description
Support/Resistance	Enables the support and resistance detection and allows you to set the Length (lookback period) for the algorithm.
Maximum Support/Resistance's	Limits the number of support and resistance zones displayed on the chart, helping you focus on the most significant levels.
ATR Tolerance Multiplier	Sets the ATR-based tolerance for price interactions with the zones. A higher value creates wider zones, while a lower value creates tighter ones.
Pivot Score Decay Rate	Controls how quickly the significance score of a level diminishes over time if it is not reinforced by price action. A higher value causes weaker levels to disappear more quickly.
Quality Filter	Enables a quality filter to remove lower-probability zones. You can set the Quality Filter Level to control how strict the filtering is.
Adaptive Transparency	When enabled, the transparency of the zones will dynamically adjust based on their significance. More significant zones will appear more solid and less transparent.
Show Text / Text Color	Controls the display, size, and color of the text labels that show the price of each level.

Best Practices & Usage

• Focus on High-Scoring Zones: The most significant levels are those that the indicator displays most prominently (i.e., less transparently when Adaptive Transparency is enabled). These are high-probability areas for potential reversals or continuations.

• Use as a Confirmation Tool: Combine the support and resistance zones with other forms of analysis. A trade signal that occurs at one of these key levels is a much higher-confidence setup.

• Identify Key Battlegrounds: A cluster of support or resistance zones in a tight range indicates a major area of market interest where significant buying or selling pressure is present.

• Filter for Clarity: Use the Quality Filter and Maximum Support/Resistance's settings to reduce noise and keep your chart focused on only the most important levels. For most trading styles, a quality filter of 3 or higher is recommended.

• Adjust Sensitivity for Your Timeframe:

  • Short-term traders may prefer a lower Length to see more immediate, reactive levels.

  • Long-term traders should use a higher Length to focus on major, more established zones.