Futures Support & Resistance Levels

Multi-Timeframe Support & Resistance Levels for Futures Trading
Description:
This indicator automatically identifies and displays key support and resistance levels using multiple technical analysis methods. Designed specifically for futures traders (ES, NQ, etc.), it provides a clean, organized view of important price levels.
Key Features:

Multiple Detection Methods: Combines pivot points, daily ranges, and psychological levels
Smart Ranking System: Levels are numbered by strength (1 = strongest)
Clean Visualization: Extended lines across the chart with clear price labels
Confluence Detection: Highlights areas where multiple levels converge
Customizable Display: Adjust colors, line styles, and label sizes

Level Types Identified:

Daily High/Low (current session)
Previous Daily High/Low
Pivot-based Support/Resistance
Psychological Round Numbers
Confluence Zones (multiple levels clustering)

Technical Approach:
The indicator uses a strength-scoring algorithm to rank levels by importance. Daily levels receive the highest weighting (2.0), followed by previous daily levels (1.5), pivot points (1.0), and psychological levels (0.5). This helps traders focus on the most significant levels.
Visual Elements:

Solid lines = Strong levels
Dashed lines = Medium levels
Dotted lines = Weak levels
Optional technical condition markers for educational analysis

Best Used For:

Identifying key intraday levels for futures trading
Finding high-probability reversal zones
Setting logical stop-loss and take-profit levels
Recognizing confluence areas for stronger setups

Note:
This is a technical analysis tool for educational purposes. No indicator can predict future price movements. Always use proper risk management and combine with other forms of analysis.