Fractal Support and Resistance [BigBeluga]

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🔵 OVERVIEW
The Fractal Support and Resistance [BigBeluga] indicator automatically identifies high-probability support and resistance zones based on repeated fractal touches. When a defined number of fractal highs or lows cluster around the same price zone, the indicator plots a clean horizontal level and shaded zone, helping traders visualize structurally important areas where price may react.

🔵 CONCEPTS

• Fractal Points: Swing highs and lows based on user-defined left and right range (length). A valid fractal forms only when the center candle is higher or lower than its neighbors.
  
• Zone Validation: A level is only confirmed when the price has printed the specified number of fractals (e.g., 3) within a narrow ATR-defined range.
  
• Dynamic Zone Calculation: The plotted level can be based on the average of clustered fractals or on the extreme value (min or max), depending on the user’s choice.
  
• Support/Resistance Zones: Once a zone is validated, a horizontal line and shaded box are drawn and automatically extended into the future until new valid clusters form.
  
• Auto-Clean & Reactivity: Each zone persists until replaced by a new fractal cluster, ensuring the chart remains uncluttered and adaptive.
  

🔵 FEATURES

• Detects swing fractals using adjustable left/right range.
  
• Confirms zones when a defined number of fractals occur near the same price.
  
• Plots horizontal level and shaded box for visual clarity.
  
• Choice between average or min/max logic for level calculation.
  
• Distinct color inputs for support (green) and resistance (orange) zones.
  
• Adaptive auto-extension keeps valid zones projected into the future.
  
• Displays optional triangle markers above/below bars where fractals form.
  
• Clean design optimized for structural S/R analysis.
  

🔵 HOW TO USE

• Use support zones (from low fractals) to look for potential long entries or bounce points.
  
• Use resistance zones (from high fractals) to look for short setups or rejections.
  
• Adjust the Fractals Qty to make zones more or less strict—e.g., 3 for higher reliability, 2 for quicker responsiveness.
  
• Combine with liquidity indicators or break/retest logic to validate zone strength.
  
• Toggle between average and min/max mode to fit your style (average for balance, extremes for aggression).
  

🔵 CONCLUSION
Fractal Support and Resistance [BigBeluga] offers a robust way to identify hidden levels that the market respects repeatedly. By requiring multiple fractal confirmations within a zone, it filters out noise and highlights clean structural areas of interest. This tool is ideal for traders who want automatic, adaptive, and reliable S/R levels grounded in raw market structure.

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