AssafAlgos - MTF S/R

AssafAlgos – MTF Support & Resistance

Description:
The AssafAlgos MTF Support & Resistance indicator automatically identifies key pivot high and low levels across multiple timeframes, helping traders visualize important support and resistance zones on their charts. It is designed to be flexible, non-repainting, and easy to customize for different trading styles.

Features:

Detects pivot highs and lows on the current timeframe as well as multiple higher and lower timeframes: Daily, 4H, 1H, 30m, 15m, and 5m.

Automatically removes overlapping levels using an ATR-based distance filter to show only significant S/R zones.

Adjustable line width for better visibility on the chart.

Optional labels to identify timeframe of each S/R level.

Fully customizable colors for each timeframe.

Works seamlessly on any market (forex, crypto, stocks).

Inputs:

Left & Right Bars: Determines pivot calculation window.

Line Width: Adjust the thickness of S/R lines.

Show Labels: Toggle display of timeframe labels.

ATR Length & Merge Distance: Customize filtering of overlapping levels.

Timeframe Selection: Choose which S/R levels to display.

Colors: Customize each timeframe’s line color.

Usage:
Use this indicator to:

Identify key support and resistance zones for entries, exits, or stop placements.

Confirm trend reversals or breakouts.

Trade with higher confidence using multi-timeframe S/R analysis.