Support & Resistance Automated

📌 Support and Resistance Automated (Pivot-Based)
Support and Resistance Automated is a lightweight and fully automated indicator that plots key support and resistance levels using pivot highs and pivot lows. It helps traders quickly identify important price reaction zones without manual drawing.

This indicator is especially useful for price-action traders, swing traders, and intraday traders who rely on clean charts and objective levels.

🔍 How It Works
Pivot Highs → Resistance Levels
Pivot Lows → Support Levels
Each detected pivot creates a horizontal dotted line that extends forward, allowing you to observe how price reacts over time.
Once a level is formed, it is kept permanently on the chart — no repainting, no disappearing levels.

⚙️ Customizable Settings
You can easily adjust:
Left & Right Pivot Bars – control how strong a pivot must be
Line Extension Length
Line Width
Support & Resistance Colors
Show / Hide Pivot Highs and Pivot Lows independently
This flexibility allows the indicator to adapt to intraday, swing, or higher-timeframe analysis.

✅ Key Features
✔ Fully automatic support & resistance detection
✔ Based on proven pivot-point logic
✔ No repainting
✔ Clean, minimal chart appearance
✔ Unlimited support & resistance levels
✔ Works on all timeframes & instruments

📈 Best Use Cases
Identifying key demand and supply zones
Planning entries, targets, and stop-losses
Confluence with price action, RSI, moving averages
Breakout and rejection-based strategies