Support and Resistance Zones, Key Levels & Hold Rate [LunqFX]Support and resistance indicators all draw the same picture: a set of key levels and SR zones detected from swing pivots, every one of them looking as important as the next. Five price levels on the chart and no way to tell which one the market actually respects — so you place the order at whichever support or resistance price bounced off last, and call it analysis.
This support and resistance indicator keeps score. Each auto-detected SR zone carries the number of times it has been tested and how many of those tests it held, printed on the level itself:
1.15370 · 71% · 5 of 7 1.14344 · 50% · 1 of 2 1.13763 · 67% · 2 of 3
A key level that has held five of seven tests and one that has held one of six are not the same object, and until that number is on the chart you are trading them as if they were.
Included: automatic support and resistance zone detection from confirmed pivots, a hold-rate record on every level, strength-weighted drawing, a dashboard showing the nearest support and resistance either side of price, and optional buy and sell signals with a trend filter and alerts.
❶ HOW THE SUPPORT AND RESISTANCE ZONES ARE BUILT
Swing points come from confirmed pivots, so a level only exists once the bars on both sides of it have closed — nothing appears and then vanishes. Pivots that land close to each other are merged into a single zone rather than stacked as near-duplicate lines, with the merge distance measured in ATR so it adapts to the instrument.
A zone widens as new pivots join it, but only up to a ceiling. Past that it re-centres on the pivot that just touched it. Without that rule a level slowly swallows everything around it and turns into a band, and the count then measures touches of a band instead of touches of a price.
❷ THE HOLD RATE — what no other support and resistance tool shows
A test opens when price trades into the zone. It resolves on a CLOSED bar, one of two ways:
▸ HELD — price closed back out the side it came from, clear of the zone by a fraction of ATR. The margin matters: without it, a close one tick beyond the edge counts as a rejection, which is how level indicators manufacture events out of noise. ▸ BROKEN — price closed through to the other side.
Nothing is counted while a test is still open. And a fresh test cannot begin until the previous one has had room to breathe, because price chopping inside a zone for a week is one consolidation, not twenty separate tests of the level.
Samples of fewer than four tests are marked with a tilde. Two tests producing "100%" is noise, and the chart says so rather than letting the number stand.
❸ LEVEL STRENGTH YOU CAN SEE
Fill density, border thickness and the halo behind each zone all scale with how often the level has been tested, and levels holding above 60% are drawn in a brighter shade. The chart ranks its own levels — the strongest one is the one that looks strongest, with no arithmetic required from you.
❹ THE DASHBOARD — nearest support and resistance
The nearest level above and the nearest level below, each with its price and its record. When there is no tracked level on one side the panel says exactly that, rather than printing a dash that reads like a fault.
❺ BUY AND SELL SIGNALS — built in, switched off
The indicator includes buy and sell signals: a buy label when a support test holds, a sell label when resistance holds. Turn them on in the Signals section — the switch is the first setting in the group, and every alert works from them.
They ship switched OFF, and the reason is worth stating plainly. A rejection at a support or resistance level is a fact. What price does afterwards is not. A level also tends to weaken with each test as the orders behind it are consumed, so "this level held four times" is not evidence that it will hold a fifth — if anything the reverse. Any indicator that hands you an arrow on every bounce is selling you that assumption without saying so.
When switched on, a signal has to clear six filters before it prints: the level must have been tested enough times to have a record, it must hold more often than it breaks, the rejection must close clear of the zone by a fraction of ATR, price must still be near the level, the trend must agree with the direction, and both the chart as a whole and that particular level must have been quiet since the last one. Set that way they are rare. Treat them as a prompt to look, not as a call to act.
HOW TO USE IT
1 — Choose where to place a resting order. Between two levels the same distance away, the one with the better record is the better limit.
2 — Choose where to expect a break. A level holding one test in six is telling you something too: price is likely to go through it, which makes it a poor place to fade and a reasonable place to trade a breakout.
3 — Place stops behind proven levels. A stop tucked behind a level that has held five of seven has a structural reason to be there.
4 — Read the whole set at once. This is the reading most traders never get. If every level on the chart is showing 30–40%, the market is not respecting levels at all right now — it is trending or reacting to news, and level trading is the wrong approach for the session. When most levels sit at 70%+, the market is rotating and levels are worth trading. That judgement usually takes weeks of screen time; here it is on the chart.
HOW IT WORKS
Pivots of your chosen length define candidate levels. Each new pivot either joins the nearest existing zone within the merge distance or opens a new one; zones are capped in width and the oldest is dropped once the limit is reached. Every zone tracks four numbers: tests, holds, the bar its last test resolved on, and the bar it last signalled on. Tests resolve on closed bars only, with a rejection margin in ATR and a minimum gap between tests. The hold rate is simply holds divided by tests, and the drawing weight is derived from the test count.
Works on any symbol and timeframe. On daily charts and above, leave the minimum test count at one — a level there rarely gets a second test before it matters. On fast intraday charts raise it, since levels are tested often.
SETTINGS
▸ Levels — pivot length, how many levels are kept, how far back they draw, merge distance, zone thickness, maximum width, minimum tests to draw, and the gap between tests. ▸ Signals — off by default; prior holds required, minimum tests before a level may speak, minimum hold rate, cooldowns, distance from price and rejection strength. ▸ Trend Filter — direction requires both price position and the slope of the average, so a range satisfies neither side. ▸ Visuals — extension, labels, candle colouring, dashboard position.
ALERTS — buy signal, sell signal, and any signal. All fire on closed bars only.
NON-REPAINTING — levels are built from confirmed pivots and every test resolves on a closed bar. A record that has printed never changes retroactively, and a level that has appeared never disappears from history.
WHY THESE PARTS ARE ONE SCRIPT
The levels, the record and the visual weight describe one object. Detection alone gives you lines with no way to rank them. The record alone has nothing to attach itself to. The weighting exists only so the record can be read at a glance instead of counted. Take any one away and the other two stop being useful, which is why they ship together rather than as three indicators.
This indicator is an educational market-analysis tool, not financial advice. The hold rate describes what has already happened at a level on the loaded chart; it does not predict what will happen next. Always confirm with your own analysis and manage your risk.
Chỉ báo
