Automated Support / Resistance Lines

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Automatic Support & Resistance Levels

This indicator automatically identifies and draws key support and resistance levels based on multiple price rejections at swing highs and lows.

Key Features:

Detects levels where price has been rejected multiple times
Highlights the most recent support and resistance levels with customizable colors
Shows historical levels in a different style for context
Displays rejection count on each level (e.g., "S: 3×" means 3 touches)
Fully customizable appearance: colors, line styles, thickness, and opacity
Adjustable filters: minimum rejections required and maximum levels displayed

Settings:

Adjust swing lookback period to control sensitivity
Set zone threshold to group nearby price touches
Filter weak levels by requiring minimum rejections
Customize line and label appearance for easy visual identification

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Phát hành các Ghi chú

I've created a comprehensive Pine Script indicator for TradingView that automatically identifies and draws support and resistance levels based on price rejections. Here's what it includes:
Key Features:

Automatic Detection: Identifies swing highs/lows and groups them into zones
Rejection Counting: Tracks how many times price tested each level
Customizable Filtering:

Adjustable minimum rejections (filters out weak levels)
Maximum number of levels to display
Zone threshold to group nearby rejections


Fully Customizable Appearance:

Recent Support: Green solid line by default (most recent support)
Recent Resistance: Red solid line by default (most recent resistance)
Prior Levels: Gray dashed lines (older levels)
Each type has adjustable color, style, width, and opacity


Labels: Shows rejection count (e.g., "S: 3×" or "R: 5×")