Swing Support and Resistance [Vijay]

Swing-based support & resistance with breakout buy/sell signals and alerts.

Full Description:

The Swing Support and Resistance [Vijay] indicator is a simple yet effective tool to identify swing-based support and resistance levels using pivot points.

• Pivot Length: Defines how many bars on each side are used to confirm a swing high (resistance) or swing low (support).
  
  
• Support & Resistance: Plots the most recent pivot levels as visual markers (circles) on the chart.
  
  
• Buy & Sell Signals:
  A Buy Signal is triggered when price crosses above the last resistance.
  A Sell Signal is triggered when price crosses below the last support.
  
  
• Visual Cues: Arrows are plotted directly on the chart for easy signal recognition.
  
  
• Alerts: Built-in alert conditions allow you to set TradingView alerts for breakout signals.
  

This script is useful for traders who rely on price action, breakout trading, and swing structure analysis. It helps quickly spot where price is breaking key levels and provides instant alerts for trade opportunities.